History Lesson On Your Social Security Card
Olivia Luz
Just in case some of you young whippersnappers some older ones didn t know this.
A race odyssey in the early 1990s classics professor mary lefkowitz discovered that one of her faculty colleagues at wellesley college was teaching his students that greek culture had been stolen from africa and that jews were responsible for the slave trade. The social security trust fund was established in 1939 to receive monies collected for social security through payroll taxes. They need a little history lesson on what s what. Since nearly everyone in the united states now has a number it became convenient to use it anyway and the message not for identification was removed.
This is a history lesson on your social security card just in case some of you young whippersnappers and some old ones didn t know this. The tax rate in the original 1935 law was 1 each on the employer and the employee on the first 3 000 of earnings. The story of the most misused social security number in history. History lesson on your social security card just in case some of you young whippersnappers and some older ones didn t know this.
The figure was never 1400 and the rate was never fixed for all time at 1. It s easy to check it out if you don t believe it. The ssa says that those funds have never been taken out and put into a general fund there was an accounting change in 1968 however that listed the trust fund under something called the unified budget along with all other federal programs. Be sure and show it to your family and friends.
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History lesson on your social security card history lesson. It s easy to check out if you don t believe it. Be sure and show it to your kids. The monies in this fund are managed by the department of the treasury.
This rate was increased on a regular schedule in four steps so that by 1949 the rate would be 3 each on the first 3 000. Narrative descriptions of the 34 different versions of the card that have been in use throughout the years. They need a little history lesson on what s what and it doesn t matter whether you are democrat or republican. The plan that never was.
And it doesn t matter whether you are democrat of republican. Social security payroll taxes are deposited into the social security trust fund.
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