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What role does Social Security play in government revenue?
Social Security is the second largest source of revenue
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the answer is aristocracy
I believe, its just a social security tax.
you are a cheater
Congress passed temporary legislation following WW II that was in effect from 1947-1951 to pay benefits to WW II veterans who became disabled in the years immediately followin…g the war and were ineligible for VA benefits. A total of $16 million was transferred into special trust funds during this period. In 1972, The State and Local Fiscal Assistance Act was established using money borrowed from the Social Security funds to provide financial assistance to State and local governments' general revenue sharing program.
Social security and medicare taxes (old age survivor and disability insurance), (FICA) is the amount that is collected from taxpayers that are earning income by providing ther…e services to an employer or being self employed (independent contractor).
The Government created it (Franklin D Roosevelt) in 1935 and runs it.
Social security is like a trust fund. You save money while you work and then you can spend it while you are in retirement. It also gives the Republicans something to argue abo…ut.
list of some social problems
Social Security pays retirement, disability, and survivor benefits.
Social Security is funded by payroll taxes which is also called as Federal Insurance Contributions Act Tax (FICA).
The biggest argument in favor of keeping Social Security is thatsince 1935 all workers in the U.S. have been funding SocialSecurity through the Federal Insurance Contributions… Act (FICA)taxes that are deducted from their pay with the promise that someday it will be their turn to collect payments, which will be fundedby the FICA taxes collected from the next generation. The reasonSocial Security is failing is that in 1935 they did not anticipatethat the ratio of retirement-age people to working-age people wouldincrease as much as it has.