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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

Social Security Reform

Description: This report examines the debate over the future of the Social Security system. It includes discussion of recent developments; background and analysis with information about the basic debate, specific area of contention, reform initiatives; and relevant legislation.
Date: December 9, 2004
Creator: Nuschler, Dawn
Partner: UNT Libraries Government Documents Department

Social Security Reform: Bills in the 106th Congress

Description: The Social Security system is projected to have long-range funding problems. Although the system’s income currently exceeds its expenditures, its trust funds are projected to be depleted in 2037. Concern about the problem and a belief that the remedy lies partly in economic growth that could be bolstered by changes to the system have led to introduction of a number of bills incorporating varying degrees of reform. This report describes the funding problem in some detail, summarizes many of the reform bills introduced in the 106th Congress, and provides a list of other related CRS reports.
Date: April 11, 2000
Creator: Koitz, David S.
Partner: UNT Libraries Government Documents Department

Current Social Security Issues

Description: Social Security is the focus of intense public interest. Projected long-range funding problems, public skepticism about its future, and a growing perception that Social Security will not be as good a value for future retirees as it is today are fueling calls for reform. This report discusses a number of the major Social Security issues currently drawing congressional attention.
Date: May 21, 1998
Creator: Koitz, David & Kollmann, Geoffrey
Partner: UNT Libraries Government Documents Department

Social Security Reform: Current Issues and Legislation

Description: Report that looks at the Social Security debate, Social Security future projections, and public opinion on Social Security reform. It also looks at past reform measures, from the 109th-112th Congress, none of which received congressional action.
Date: November 28, 2012
Creator: Nuschler, Dawn
Partner: UNT Libraries Government Documents Department

Social Security: Coverage of Household Workers - A Fact Sheet

Description: On October 22, 1994, President Clinton signed legislation (P.L. 103-387) that changes social security coverage of household workers. The new law changed the threshold to a yearly amount and raised it (to $1,000 in 1994, indexed thereafter to average wage growth-it became $1,100 in 1998, 1,200 in 2000, and 1,300 in 2001). It remains at $1,300 in 2002. In addition, the new law exempted most domestic workers under age 18, and provided that Social Security and unemployment taxes will be reported on the employer's annual federal tax return.
Date: January 3, 2002
Creator: Kollmann, Geoffrey
Partner: UNT Libraries Government Documents Department

Social Security Reform: Current Issues and Legislation

Description: This report discusses The Social Security reform, which is an issue of interest to policy makers that arises in various contexts, from improving retirement security to reducing federal budget deficits. The report looks at the Social Security debate, Social Security future projections, and public opinion on Social Security reform. It also looks at past reform measures, from the 109th-112th Congress, none of which received congressional action.
Date: January 15, 2014
Creator: Nuschler, Dawn
Partner: UNT Libraries Government Documents Department

Alternative Social Security Taxing Schemes: an Analysis of Vertical and Horizontal Equity in the Federal Tax System

Description: The objectives of this study were twofold. One objective was to analyze the effects of growth in the social security tax, when combined with recent changes in U.S. income tax law, on the distribution of the combined income and social security tax burden during the 1980s. The second objective was to estimate the effects of certain proposals for social security tax reform upon that distribution. The above analyses were performed using simulation techniques applied to the 1984 IRS Individual Tax Model File. The data from this file were used to estimate the income and social security tax liabilities for sample taxpayers under tax law in effect in 1980, 1984 and 1988 and under fourteen proposals for social security reform (under 1988 law). The results indicated that the income tax distribution was almost 25 percent more progressive under 1988 tax law than under 1980 tax law. In contrast, the combined distribution of income and social security taxes was almost 25 percent less progressive under 1988 income and social security tax law relative to 1980. Two types of social security tax reform were analyzed. One type consisted of reforms to the basic social security tax structure, such as removal of the earnings ceiling, provision of exemptions and replacement of the current single tax rate with a two-tiered graduated rate structure. The second type of reform consisted of proposals to expand the theoretical tax base subject to the social security levy. The results suggested that these reforms could generate substantial increases in progressivity in the combined tax distribution. In general, it would appear that changes in the social security tax structure could generate greater improvements in progressivity than expansion of the theoretical tax base, although the greatest improvement was associated with a combination of these two reforms. With regard to horizontal equity, expansion ...
Date: December 1988
Creator: Ricketts, Robert C. (Robert Carlton)
Partner: UNT Libraries

Brief Facts and Statistics

Description: This report provides facts and statistics about Social Security that are frequently requested by Members of Congress and their staffs. It includes information about Social Security taxes and benefits, the program's impact on its recipients' incomes, federal tax receipts, federal spending and the economy, administrative information, and selected facts about Medicare.
Date: January 26, 2006
Creator: Sidor, Gary
Partner: UNT Libraries Government Documents Department

Social Security and Medicare Taxes and Premiums: Fact Sheet

Description: Financing for social security -- Old Age, Survivors, and Disability Insurance -- and the Hospital Insurance part of Medicare is provided primarily by taxes levied on wages and net self-employment income. Financing for the Supplementary Medical Insurance portion of Medicare is provided by premiums from enrollees and payments from the government. This report describes these taxes and premiums.
Date: January 13, 2004
Creator: Nuschler, Dawn
Partner: UNT Libraries Government Documents Department

Social Security: Brief Facts and Statistics

Description: This report provides brief facts and statistics about Social Security that are frequently requested by Members of Congress and their staffs. It includes information about Social Security taxes and benefits, the program’s impact on recipients’ incomes, federal tax receipts, federal spending and the economy, and administrative information.
Date: March 3, 2005
Creator: Sidor, Gary
Partner: UNT Libraries Government Documents Department

Social Security: Brief Facts and Statistics

Description: This report provides brief facts and statistics about Social Security that are frequently requested by Members of Congress and their staffs. It includes information about Social Security taxes and benefits, the program's impact on recipients' incomes, federal tax receipts, federal spending and the economy, administrative information, and selected facts about Medicare.
Date: March 20, 2003
Creator: Kollmann, Geoffrey
Partner: UNT Libraries Government Documents Department

Social Security: The Windfall Benefit Provision

Description: This report discusses the windfall elimination provision, which reduces the Social Security benefits of workers who also have pension benefits from employment not covered by Social Security. Its purpose is to remove an advantage these workers would otherwise receive because of Social Security's benefit formula that favors workers with smaller amounts of Social Security-covered career earnings. Opponents contend that the provision is basically inaccurate and often unfair. In both the 107th and 108th Congresses, five bills have been introduced that would modify or repeal the provision.
Date: January 9, 2004
Creator: Haltzel, Laura
Partner: UNT Libraries Government Documents Department