For example, assume that Ken currently has $10,000 in annual Social Security benefits, with 85 percent of those benefits taxed at a marginal rate of 15 percent. The tax bill on his Social Security benefits is $1,275 (= $10,000Ã0.85Ã0.15).
Friedrich August von Hayek CH (8 May 1899 - 23 March 1992) was an Austrian, later British, economist and philosopher most famous for his defense of classical liberalism.
Unlike many contemporary authors who write about Friedrich Hayek, UAB's Erik Angner (above), says he approaches his subject as a scholar rather than a proponent or critic. Angner explains that contemporary conservatives like Hayek for his opposition to government intervention in the marketplace.