SOCIALISM

A scheme of government aiming at absolute equality in the distribution, of the physical means of life and enjoyment It is on the continent employed in a larger sense; not necessarily implying communism, or the entire abolition of private property, but applied to any system which requires that the land and the instruments of production should be the property, not of individuals, … [Read more...] about SOCIALISM

Payroll taxes where percentages of an employees wages are paid by the employer and employee for Social Security Insurance contributions under the Federal Insurance Contributions Act. … [Read more...] about SOCIAL SECURITY TAX

Commonly abbreviated as SSN; a person's 9 digit number assigned by the Social Security Administration which accurately records wages or self-employment earnings and used for social security benefits. … [Read more...] about SOCIAL SECURITY NUMBER

The federal agency that administers the Social Security program. … [Read more...] about SOCIAL SECURITY ADMINISTRATION (SSA)

A social insurance program funded by payroll taxes called Federal Insurance Contributions Act (FICA). The primary part of the program is called OASDI (Old Age, Survivors, and Disability Insurance) or RSDI (Retirement, Survivors, and Disability Insurance) and provides payment benefits for retirement, disability, survivorship, and death to the public. … [Read more...] about SOCIAL SECURITY