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gptkbp:instance_of
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gptkb:United_States_federal_law
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gptkbp:bfsLayer
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3
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gptkbp:bfsParent
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gptkb:Social_Security_Act
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gptkbp:affects
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employers
employees
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gptkbp:amended_by
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gptkb:legislation
gptkb:Social_Security_Amendments
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gptkbp:applies_to
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Employers
Employees
employees
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gptkbp:appointed_by
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gptkb:Social_Security_Administration
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gptkbp:collects
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gptkb:Internal_Revenue_Service
wages
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gptkbp:contributed_to
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national revenue
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gptkbp:effective_date
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August 14, 1935
1935-08-14
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gptkbp:enacted_by
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gptkb:legislation
|
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gptkbp:enforces
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gptkb:Department_of_Treasury
gptkb:Internal_Revenue_Service_(IRS)
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gptkbp:governing_body
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gptkb:Social_Security_Administration_(SSA)
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gptkbp:has_programs
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gptkb:Medicare_Part_B
gptkb:Medicare_Part_A
gptkb:Medicare_Advantage
gptkb:Medicaid
Old-Age, Survivors, and Disability Insurance (OASDI)
|
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gptkbp:historical_debate
|
gptkb:legislation
|
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gptkbp:historical_significance
|
Established federal payroll tax
Foundation of Social Security system
Influenced tax policy in the U. S.
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https://www.w3.org/2000/01/rdf-schema#label
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Federal Insurance Contributions Act (FICA)
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gptkbp:impact
|
gptkb:healthcare_organization
Retirement income
Survivor benefits
Disability insurance
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gptkbp:includes
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Medicare tax
OASDI tax
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gptkbp:includes_provisions_for
|
certain religious groups
Certain religious groups
Some state and local government employees
|
|
gptkbp:is_analyzed_in
|
academic studies
|
|
gptkbp:is_challenged_by
|
courts
|
|
gptkbp:is_considered
|
a social insurance program
|
|
gptkbp:is_criticized_for
|
funding issues
fiscal conservatives
|
|
gptkbp:is_discussed_in
|
economic forums
|
|
gptkbp:is_evaluated_by
|
policy analysts
gross wages
|
|
gptkbp:is_implemented_in
|
payroll deductions
|
|
gptkbp:is_linked_to
|
economic conditions
retirement security
|
|
gptkbp:is_opposed_by
|
some economists
|
|
gptkbp:is_part_of
|
federal budget
U. S. social safety net
U. S. tax system
|
|
gptkbp:is_promoted_by
|
advocacy groups
|
|
gptkbp:is_reflected_in
|
tax returns
|
|
gptkbp:is_reviewed_by
|
gptkb:government_agency
|
|
gptkbp:is_subject_to
|
annual wage base limit
IRS audits
|
|
gptkbp:is_supported_by
|
gptkb:labor_unions
progressive politicians
|
|
gptkbp:is_used_for
|
funding federal programs
|
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gptkbp:legislation
|
gptkb:Federal_Unemployment_Tax_Act_(FUTA)
gptkb:Omnibus_Budget_Reconciliation_Act_(OBRA)
gptkb:Tax_Equity_and_Fiscal_Responsibility_Act_(TEFRA)
gptkb:Affordable_Care_Act_(ACA)
|
|
gptkbp:part_of
|
gptkb:government_agency
|
|
gptkbp:provides
|
disability benefits
retirement benefits
survivor benefits
income for retirees
health insurance for elderly
|
|
gptkbp:receives_funding_from
|
gptkb:healthcare_organization
gptkb:government_agency
Social Security benefits
Medicare benefits
Wage base limit
Annual wage base limit
|
|
gptkbp:related_to
|
gptkb:healthcare_organization
gptkb:government_agency
Old-Age, Survivors, and Disability Insurance (OASDI)
Federal Insurance Contributions Act tax
|
|
gptkbp:requires
|
Payroll tax
self-employment tax
for most workers
payroll tax
quarterly tax payments for self-employed
|
|
gptkbp:signed_by
|
gptkb:Franklin_D._Roosevelt
|
|
gptkbp:type_of
|
7.65% for employees
7.65% for employers
1.45% for Medicare
6.2% for Social Security
|