The Social Security program pays benefits to retired and disabled
workers and their family members, and to family members of deceased
workers. The Social Security program is financed primarily through
payroll taxes that are deposited in the U.S. Treasury and credited
to the Social Security trust fund. Any revenues credited to the
trust fund in excess of program costs (benefit payments and
administrative expenses) are invested in special U.S. government
obligations (debt instruments of the U.S. government). This book
examines the basics of how the Social Security program is funded
and how the Social Security trust fund works.
General
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