History of social security tax

The Government can tax social security wages workers pull off. This money goes to health insurance and social security program. In 2010, the tax rate is 1.45% for hospitalisation insurance and 6.2% for ages, hinterlassenen-and disability insurance. This double rate for workers. 5, 1935, CreationApril began the debate in the House of representatives of the social security. After two weeks of debate adopted the House Bill with 372 vote Yes and only 33 not voice. The Senate was the draft law on 20 May 1935, and continued after almost a month than 77 6. President Franklin Roosevelt signed the social security on 14 August 1935 and taxes were Act, for the first time in January 1937.Origin American name social security association, formed by the author and social reformer Abraham Epstein, invented the term social security in the United States. American Association for social security has created many events to a law, pensions, dedicated to contribute unemployment and the American health insurance. Name was changed because of the dedication on the topic of Epstein, group review of the Congress, Bill, the economic security of the law on social security of 1935.Original CoverageOriginally, Act social security taxes collected only employees of trade and industry. Since then, it added that almost all workers, although it was not until 1984, the required social security tax.MedicarePeople members of Congress numbers Medicare beginning July 1, 1966 could use. This is after 30 July 1965, Medicare Congress adopted. President Lyndon B. Johnson was President of the USA in the Bill. Very discussed Congress health insurance, but ultimately, the Senate passed bill Medicare by 68 votes only 21, some voices and the HouseOf representatives, the it with a margin of 313 115 OK' (d). Original RecipientThe first lump sum receiving social security was Ernest Ackerman. The windscreen retired Cleveland 17 cents during January 1937 received. IDA may fuller of Ludlow, Vermont, was the first monthly benefits to get. His first cheque received in January 1940 was $22.54.