The Social Security Act was signed into law on August 14, 1935. It was signed by President Franklin Roosevelt. Taxes were collected for the first time in January 1937.
For more information, go to Social Security History FAQ screen, www.socialsecurity.gov/history/hfaq.html.
Yes, taxes are typically not taken out of Social Security benefits before you receive them. However, you may owe income taxes on your Social Security benefits depending on your total income and filing status.
Just about eveything you need to know about this and most any payroll matter is addressed in the famous Publication 15. http://www.irs.gov/pub/irs-pdf/p15.pdf 6.2 percent is taken out of an employee's paycheck for Social Security Taxes
Social Security (FICA) taxes are withheld from your gross (before tax) salary.
no, absolutely not
At age 60, or at age 50 if Social Security also finds them disabled. They are reduced benefits if taken early.
If you're asking whether paying social security tax is mandatory, the answer for most people is yes.
Yes. Social Security and Medicare are taken out of your income before you see your paycheck. Your employer also pays an additional Social Security and Medicare tax to your account.
Presumably the question is about U.S. Social Security taxes. Social Security taxes (commonly referred to as FICA taxes) are taken out of your earnings each time you receive a paycheck. This rule applies even if the employee is already receiving Social Security benefits. However, by continuing to work, future Social Security benefits may be increased to take into account the additional earnings.
Social Security was taken out.
YES it is taken out of every pay check before you get it.
taxes and social security
The fica is taken out of your paychecks and added to the Social Security fund.