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Social Security
Essay specific features
Written by:
Paul B
Date added:
February 26, 2016
Level:
University
Grade:
A
No of pages / words:
5 / 1189
Was viewed:
8286 times
Rating of current essay:
Essay content:
In 1937 the government began issuing Social Security identification cards to all citizens. Each card had a unique number that the government used to keep track of a person's earnings and the taxes collected from those earnings that went to finance Social Security benefits. The Social Security Act is an act in which taxes would be deducted from workers earnings to finance both old age benefits and unemployment compensation...
displayed 300 characters
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The Social Security Act is an act in which taxes would be deducted from workers earnings to finance both old age benefits and unemployment compensation. The government began collecting Social Security taxes in 1937 and putting them in a trust fund. It was a fund that the government could use to pay benefits, cover administrative costs, and invest in securities to earn interest...
displayed 300 characters
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