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What happens to the excess revenues during the years when the Social Security trust fund runs a surplus?
Historically speaking, they've been spent on other things. Effectively, the government has been "borrowing" from this fund for many years now. It's probably more properly classified as stealing, really, since there's little hope they will ever be able to put it back unless they dramatically curb expenditures (like the Republicans want to do) and increase tax revenues (like the Democrats want to do). The problem is that neither party really wants to do BOTH, and it's becoming increasingly obvious that doing just one or the other is not going to be sufficient.
What else can I help you with?
What happens if you get duplicate checks from social security and you cash both?
what happens if you cash a duplicate social security disabilty check
Where does ssi checks come from?
SSI is administered by Social Security and is funded by general revenues - taxes, etc.
Was the Social Security Act successful?
I am convinced that the social security program is very successful by the fact that is 77 years old and produces a surplus
Did Social Security withholding go down on payroll checks?
A one-year reduction in Social Security withholding from individuals (not from their employers) was included in the Tax bill that was passed by Congress at the end of 2010. The lost tax income to Social Security will supposedly be paid to the Social Security Trust fund out of general tax revenues.
What happens when there is no social security?
we all die
What happens if you don't pay into social security?
If you don't pay into Social Security, you may not be eligible to receive benefits when you retire or if you become disabled. It is important to contribute to Social Security to ensure financial support in the future.
What happens to my social security money if I die before I get to collect it and have no minor child or spouse?
They remain in the Social Security fund to be paid to other beneficiaries.
What is another word for surplus from social studies?
Excess or abundance are other words for surplus in social studies.
What happens if you lose your social security number?
If you lose your social security number, you should contact the Social Security Administration immediately to report it. They can help you protect your identity and issue you a new social security number if necessary. It's important to act quickly to prevent identity theft and fraud.
What happens if I don't get 40 credits for Social Security?
If you don't earn at least 40 credits for Social Security, you may not be eligible to receive Social Security benefits when you retire. These credits are typically earned by working and paying Social Security taxes. Without enough credits, you may not qualify for retirement benefits, disability benefits, or survivor benefits from Social Security.
What happens to your social security number when you die?
The number 'dies' with you. It is not recirculated ever again.
Who pays the Congresspersons' salaries?
Congress' salaries are paid for from the general revenues collected by the federal government. Since the United States only collects revenues (taxes) through various income taxes (including the withholdings for Medicare and Social Security), Congress is in effect paid by taxpayers.
