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  2. Community Development Block Grant - Wikipedia

    en.wikipedia.org/wiki/Community_Development...

    The CDBG program was enacted in 1974 by President Gerald Ford through the Housing and Community Development Act of 1974 and took effect in January 1975. Most directly, the law was a response to the Nixon administration's 1973 funding moratorium on many Department of Housing and Urban Development (HUD) programs.

  3. Block grant - Wikipedia

    en.wikipedia.org/wiki/Block_grant

    A block grant in the United States is a grant-in-aid of a specified amount from the federal government of the United States to individual states and local governments to help support various broad purpose programs, such as law enforcement, social services, public health, and community development.

  4. Mandatory spending - Wikipedia

    en.wikipedia.org/wiki/Mandatory_spending

    Social Security, Medicare, and Medicaid make up nearly 50 percent of all federal spending. Various income security programs, such as Supplemental Nutrition Assistance Program, Unemployment Insurance, Earned income tax credit and Child tax credit, account for an additional 18 percent of mandatory spending. [10]

  5. Here Are the Workers Who Are Exempt From Paying Social ...

    www.aol.com/workers-exempt-paying-social...

    How Social Security taxes work. Social Security payroll taxes are collected under the Federal Insurance Contributions Act . This tax is 12.4%, split evenly between employers and their employees at ...

  6. States that tax Social Security benefits — including changes ...

    www.aol.com/finance/states-that-tax-social...

    The federal government began taxing Social Security benefits with the 1984 tax year, but it wasn’t until 1993 that tax rates and income thresholds were set to what today’s seniors are expected ...

  7. Medicare and Social Security funding: FICA taxes and trust ...

    www.aol.com/finance/medicare-social-security...

    Here’s a breakdown of FICA taxes: Social Security tax: Both you and your employer contribute 6.2 percent of your wages up to a capped amount called the taxable maximum ($168,600 in 2024). This ...

  8. Entitlement program - Wikipedia

    en.wikipedia.org/wiki/Entitlement_program

    In the United States, an entitlement program is a type of "government program that provides individuals with personal financial benefits (or sometimes special government-provided goods or services) to which an indefinite (but usually rather large) number of potential beneficiaries have a legal right ... whenever they meet eligibility conditions that are specified by the standing law that ...

  9. Will I Have to Pay Taxes on My Social Security Income? - AOL

    www.aol.com/finance/social-security-income...

    For the 2021 tax year (which you will file in 2022), single filers with a combined income of $25,000 to $34,000 must pay income taxes on up to 50% of their Social Security benefits.