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.
By Glenny Brock. Friedrich Hayek's warnings against the dangers of government intervention have won the late economist a new following. But Hayek's views are more complex than many of his fans realize, says UAB philosopher and economist Erik Angner.