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Explaining Old Age Benefits and Social Security Taxes
The Security Board presents how old age benefits work under the Social Security Act and how taxes fund them. It outlines eligibility, monthly checks after age 65, lump sum payments on early death, and the scheduling of worker and employer taxes starting at low rates in 1937 and rising through 1949, with a cap at 3000 dollars of annual earnings.
MENTIONED IN THIS ARTICLE
Security Board
United States
Bureau of Internal Revenue
U. S. Treasury Department
United States Treasury
Congress