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How is money raised for Social Security?

Updated: 8/18/2019
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12y ago

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Federal income tax

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12y ago
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Q: How is money raised for Social Security?
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Related questions

What is the amount of money a person receives in social security based on?

is there a limit as to how much money a person on social security can accumulate


Can a social security card be used to withdraw money?

No, you cannot use a social security card to withdraw money. A social security card may be useful if you want to open a bank account, though, and you can withdraw money from that.


Can a payday loan company get money from you if you are on Social Security?

Not likely. Most insurers, if they know that they are on social security benefits, would not loan the money to them.


Can social security claim money from deceased father after one year?

Yes, social security money can be claimed from a deceased father after one year.


Is Social Security in trouble?

Social Security has been in trouble for years and years, I will never see my money, this I know.


Which administration started the taxing of Social Security?

Reagan started taxing Social Security in 1984 up to 50%. Clinton raised it to up to 85% around 1993.


Which of these is not one of the four basics of retirement?

Social security will provide plenty of money for most retirements.


Can you get extra money on social security if you are a alcoholic?

yes


How much money can you make on regular Social Security?

You can make as much money as you want if you are on Social Security. If you are younger than a specified age, your Social Security payment will be reduced by a fraction of the money you make that is greater than a set amount (one dollar for every three dollars you make over that amount). But the result is always that you have more money than you would if you were on Social Security alone.


What is the purpose of social security taxes?

Thats where the money comes from to pay you social security.


Is there money in your name tied to your social security number at your access?

You cannot access your social security entitlement until you are eligible to collect social security. Then the people who are working will fund your entitlement.


Does social security number of plaintiff need to be given on an interrogatory?

where the money where the money