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Social Security
Essay specific features
Written by:
James H
Date added:
December 15, 2014
Level:
University
Grade:
B
No of pages / words:
3 / 677
Was viewed:
7537 times
Rating of current essay:
Essay content:
As the program evolved, benefits were extended to the disabled and others mentioned previously. The payroll tax rate was increased to compensate for these new benefits and expansion of the program. It started off as 2.0% of an employee's first $3000 made. This percentage later grew to 6.0% in 1961. A few years after this increase, Medicare was added to the social security program by President Lyndon B...
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This percentage later grew to 6.0% in 1961. A few years after this increase, Medicare was added to the social security program by President Lyndon B. Johnson's "Great Society" program. Medicare is a health insurance fund designed for the elderly and disabled in the United States. As the program has expanded, the number of people who receive benefits from it have increased as well...
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