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Under the 1983 amendments to Social Security, a previously enacted increase in the payroll tax rate was accelerated, additional employees were added to the system, the full-benefit retirement age was slowly increased, and up to one-half of the value of the Social Security benefit was made potentially taxable income. [67] [68]
Retirees and others who receive Social Security benefits have become an important bloc of voters in the United States. Indeed, Social Security has been called "the third rail of American politics" [51] —meaning that any politician sparking fears about cuts in benefits by touching the program endangers his or her political career.
The first Social Security office opened in Austin, Texas, on October 14, 1936. [10] Social Security taxes were first collected in January 1937, along with the first one-time, lump-sum payments. [8] The first person to receive monthly retirement benefits was Ida May Fuller of Brattleboro, Vermont. Her first check, dated January 31, 1940, was in ...
The Social Security Fairness Act cleared a key procedural hurdle Wednesday, soaring past the 60 votes it needs to advance by a vote of 73-27. This puts the legislation on a glide path toward final ...
Senate Majority Chuck Schumer last week started the process for a final vote on the Social Security Fairness Act, which would eliminate two federal policies that keep a portion of Americans from ...
The Windfall Elimination Provision affects people who qualify for Social Security benefits through their job but also receive a pension from another job where they didn't pay into Social Security.
Alexander Murray and Richard Morse invented and patented the first analog color scanner at Eastman Kodak in 1937. Intended for color separation at printing presses, their machine was an analog drum scanner that imaged a color transparency mounted in the drum, with a light source placed underneath the film, and three photocells with red, green, and blue color filters reading each spot on the ...
Fuller worked under Social Security just shy of three years from the spring of 1937 to November 1939 and paid a total of $24.75 (equivalent to $494 in 2023) in Social Security taxes. [14] She filed her retirement claim on November 4, 1939, aged 65; while visiting Rutland , she stopped at the regional Social Security office to ask about benefits ...