Many people aren’t aware of what social security is for, and why we put money towards it with every paycheck that we are handed for our entire life. Without knowing what social security taxes are for, it can be hard to understand why you have to pay them in the first place. Eventually you will be able to see a return on the social security taxes that you pay to the government, but in reality we understand that it isn’t fun to see money going to places that you aren’t immediately benefiting from.
To put it simply, social security money that is pulled from your weekly paychecks goes towards paying taxes. These taxes are then used for people who are retired, people who are disabled, the survivors of workers who have died, and also dependents of beneficiaries. The taxes that you pay aren’t going to be used just for you. So, if you are thinking that the government is storing them specifically for your needs for after you retire, think again! The social security taxes that every American pays the government is put into a pool, and when you get to the age you want to retire, you will be able to apply for the social security disability you are entitled too, but there are some catches. Be sure to check back soon for our next blog to understand why social security is more than retirement. If you are having problems with your SSDI, give our lawyers in Flint a call!
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