Everyone in the United States, especially citizens, permanent residents and naturalized citizens are aware of the Social Security program. This popular and expensive government program was designed to support the needy Americans, primarily disabled and elderly ones.
How can a person benefit from the social security?
The social security system works by having working Americans pay out a portion of their income as taxes. By doing so, they become qualified to receive certain benefits upon reaching retirement age or contracting a disability.
Both the worker and his or her employer pay taxes to the social security program. The worker pays 6.2% of his/her wages and the employer pays the other 6.2%. Meanwhile, self-employed persons must pay the full 12.4% social security tax from their income.
The social security program concentrated on retirement benefits gets the 10.6% of the amount the worker pays while the remaining 1.8% goes to the program for disability benefits.
On Social Security Retirement Benefits
If you are entering the retirement age and assured that you have paid enough social security taxes to be qualified for retirement benefits under the social security, then you need to apply for them. The Social Security Administration (SSA) will not automatically provide these benefits for you. […]

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