The Social Safety Administration was established by a law codified at 42 U.S.C.Â Â§Â 901. The United States Social Security Administration (SSA) 2 is an unbiased company of the U.S. federal authorities that administers Social Security , a social insurance program consisting of retirement , incapacity, and survivors’ advantages. The SSA needs you to know that the Social Security program covers numerous working People.
This $955 billion is predominantly generated from a 12.four% payroll tax on earned earnings ( 87.3% of all revenue came from payroll tax revenue in 2016), whereas interest earnings on the packages’ $2.eighty five trillion in asset reserves and the taxation of advantages make up the rest.
Please write the Social Security number on a separate sheet of paper and include it within the mailing envelope together with the documents. The administration of the Medicare program is a responsibility of the Centers for Medicare and Medicaid …Continue reading