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To the extent that lowering payroll taxes translates into a lowering of payment to Social Security, we ought to just fund it from other tax bases.
FORBES: Motivated to Work
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Over the long term in the pro-forma scenario, the accounts result in breathtaking reductions in government spending, because the payment of Social Security benefits is shifted out of the federal budget altogether, financed instead through the accounts in the private sector.
FORBES: A Winning Plan For Social Security Reform
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These include a measure to allow anybody setting up a new business to delay for at least a year the payment of onerous social security charges.
FORBES: Magazine Article
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The information maintained in the files includes your age, Social Security Number, your payment history on credit extended to you in the past, your current and prior addresses, and your current and prior employers.
FORBES: Manage Your Credit
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March 1 is the official deadline for those receiving paper checks for benefits, including Social Security, veterans and Supplemental Security Income, to switch to an electronic-payment method.
WSJ: Government Pushes Paperless Payments for Social Security
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Like Part A and Social Security, their spending is determined by eligibility and payment rules and gets paid out of a trust fund (the Supplementary Medical Insurance or SMI trust fund).
FORBES: Medicare's Peculiar Budget Rules And The Fight Over Double Counting
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Social Security Secretary Alastair Darling confirmed that the European ruling meant the payment would be extended to everyone over 60.
BBC: Winter fuel payments 'sexist'
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That contribution would be financed by a payment each year from general revenues, with no reduction in the payroll tax revenues flowing into Social Security.
FORBES: Social Security Personal Accounts Are A Path To Prosperity
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Indeed, since the employer half of the payroll tax continued to be paid, while the payment of the benefits was shifted to the personal accounts, the Ryan-Sununu plan eventually resulted in very large Social Security surpluses, which allowed for major cuts in the remaining payroll tax.
FORBES: A Winning Plan For Social Security Reform