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.
[Editor's Note: The following new entry by R. Lanier Anderson replaces the former entry on this topic. The former entry is now published as Nietzscheâs Life and Works.] Friedrich Nietzsche (1844â1900) was a German philosopher and cultural critic who published intensively in the 1870s and 1880s. He is famous for uncompromising criticisms of traditional European morality and religion, as well as of conventional philosophical ideas and social and political pieties associated with modernity.