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originally posted by: Vector99
Soon you will have some screeching going on how Trump is going to take away social security from seniors to pay for it.
I would bet money on it.
Many people wonder where their Social Security tax dollars go.
Generally, out of every dollar you pay in Social Security taxes: 72 cents goes to a trust fund that pays monthly benefits to retirees and their families.
That works out to an average monthly benefit of $1,369 or $16,428 a year.
16 cents goes to disabled benefits. The average monthly payment there was $1,172.
9 cents goes to survivor benefits
The survivor benefits supplemented the income of spouses and children of deceased workers. They come in handy, since the SSA estimates that one in eight adults in their 20s today will die before reaching retirement age.
Less than 1 cent goes to pay for administrative costs.