Description

Book Synopsis
The Social Security program pays benefits to retired and disabled workers and their family members, and to family members of deceased workers. The Social Security program is financed primarily through payroll taxes that are deposited in the U.S. Treasury and credited to the Social Security trust fund. Any revenues credited to the trust fund in excess of program costs (benefit payments and administrative expenses) are invested in special U.S. government obligations (debt instruments of the U.S. government). This book examines the basics of how the Social Security program is funded and how the Social Security trust fund works.

Social Security: Background, Issues & Proposals

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    A Hardback by Jacob T Álvarez

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      Publisher: Nova Science Publishers Inc
      Publication Date: 09/03/2011
      ISBN13: 9781617614699, 978-1617614699
      ISBN10: 1617614696

      Description

      Book Synopsis
      The Social Security program pays benefits to retired and disabled workers and their family members, and to family members of deceased workers. The Social Security program is financed primarily through payroll taxes that are deposited in the U.S. Treasury and credited to the Social Security trust fund. Any revenues credited to the trust fund in excess of program costs (benefit payments and administrative expenses) are invested in special U.S. government obligations (debt instruments of the U.S. government). This book examines the basics of how the Social Security program is funded and how the Social Security trust fund works.

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