Social Security Taxes Are Going Up Next Year. Here's Why You May Not Have to Worry About That.

Social Security's funding needs to come from somewhere. And the program's primary revenue source is the money it collects in the form of payroll taxes.

If you've ever seen Social Security taxes taken out of your wages and grumbled about it, you should know that it's those very taxes that are helping to ensure that the program is there for you when you're ready to retire. So while you may not enjoy paying into Social Security, it's a necessary thing if you want to be able to collect monthly benefits later in life.

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Source Fool.com