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Social Security Reform: How Much of a Role Could Private Retirement Accounts Play?

Description: Numerous proposals have been made calling for creation of individual retirement accounts to replace or supplement future Social Security benefits. Some believe that having workers accumulate assets based on their own contributions would be a better way to secure future retirement incomes. Others see the creation of private accounts as a way to offset cuts in Social Security that may be needed to restore the system to a sound financial footing. Much of the debate is fueled by the perception that… more
Date: March 4, 1998
Creator: Koitz, David Stuart
Partner: UNT Libraries Government Documents Department
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Social Security Taxes: Where Do Surplus Taxes Go and How Are They Used?

Description: The costs of the Social Security program, both its benefits and administrative expenses, are financed by a tax on wages and self-employment income. Commonly referred to as FICA and SECA taxes (because they are levied under the Federal Insurance and Self-Employment Contributions Acts), these taxes flow each day into thousands of depository accounts maintained by the government with financial institutions across the country. Along with many other forms of revenues, these Social Security taxes bec… more
Date: April 29, 1998
Creator: Koitz, David Stuart
Partner: UNT Libraries Government Documents Department
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Social Security: The Relationship of Taxes and Benefits for Past, Present, and Future Retirees

Description: In recent years considerable public attention has focused on Social Security's treatment of younger versus older workers. Analysts sometimes have addressed this issue by examining the value Social Security provides each generation of workers in relation to the Social Security taxes they pay. These are referred to as "moneys worth" analyses.
Date: May 12, 1998
Creator: Kollmann, Geoffrey
Partner: UNT Libraries Government Documents Department
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Tax Code Termination Act: A Fact Sheet

Description: This report discusses the Tax Code Termination Act, which would “sunset” (repeal) the Internal Revenue Code of 1986 on December 31, 2002 and would require that any new federal tax system that is adopted be approved not later than July 4, 2002.
Date: August 12, 1998
Creator: Bickley, James M.
Partner: UNT Libraries Government Documents Department
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