quote · Legacy record
Unlike most government programs, Social Security and, in part, Medicare are funded by payroll taxes dedicated specifically to them. Some of the tax revenue pays for current benefits; anything that's left over goes into trust funds for the future. The programs were designed this way for political reasons.
Unlike most government programs, Social Security and, in part, Medicare are funded by payroll taxes dedicated specifically to them. Some of the tax revenue pays for current benefits; anything that's left over goes into trust funds for the future. The programs were designed this way for political reasons.
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- Author or tradition
- James Surowiecki
Attribution: attributed - Country attributed
- Not established
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- Historical period not yet established
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- Contributor-provided quotation collection
Supplied reference C; CSV row 477344; supplied attribution, independently unverified
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