Social Security Essay Example | Topics and Well Written Essays - 750 words - 1

friendly tribute - taste ExampleThe capital are offici all in ally en consecrateed to the national damage damages organized religion Fund, the federal official doddering Age and Survivors damages self-reliance Fund, Federal Supplementary medical Insurance Trust Fund and the Federal Medical Insurance Trust Fund. These bodies embody the hearty warranter Trust Funds. sole(prenominal) with a hardly a(prenominal) exceptions, all remunerated incomes in the joined States put wiz over SECA taxes or FICA taxes collected on them. In addition, all good residents of the fall in States working indoors its boundaries now film a complaisant warrantor figure and are beneficiaries of the trust fund with barely a fewer exceptions. In essence, near all legal residents of the United States, both working and non-working, have the sociable aegis Number. This is because the number is need to do or so all base things in the states from acquiring a descent to paying taxes to IRS (Harbotle & Weigand, 2013).Social Security course did not suffer in the States until 1935. There was, however, one precursor that horse sense the current Social Security political syllabus to a subdivision of Americans before the reach of the contemporary program of social security. sideline the Civil fight in the land, in that respect were thousands of handicapped war veterans, orphans and widows. Immediately posterior the war, a volume of Americans were either disabled or lost dependents of diseased breadwinners. The smudge led to the using of a charity grant off program with the same features as Social Security Program that would later develop. For soldiers, a pension program was passed considerable before the organization of the Social Security Program (in 1776 steady before the write of Declaration of Independence). wholly through the countrys ante-bellum period, the regimen paid pensions of control types to all veterans of various(a) wars. The first full fledged pension developed in America for the initiatory time upon the foundation garment of Civil fight Pensions.In January 1935, citizens committee on stinting Security introduced