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The belief in the strawman articulates with the redemption movement's fraudulent debt and tax payment schemes, which imply that money from the secret account (known in some variations of the theory as a "Cestui Que Vie Trust" [27]) can be used to pay one's taxes, debts and other liabilities by simply writing phrases like "Accepted for Value" or ...
The "Social Security Trust Fund" comprises two separate funds that hold federal government debt obligations related to what are traditionally thought of as Social Security benefits. The larger of these funds is the Old-Age and Survivors Insurance (OASI) Trust Fund, which holds in trust special interest-bearing federal government securities ...
The strawman, Elvick alleged, was in possession of the secret account, but the individual was its rightful owner and could petition for access. [3] The theory also gives a specific role to the Uniform Commercial Code, which provides an interstate standard for documents such as driver's licenses or for bank accounts. As sovereign citizens ...
The Social Security Administration (SSA) released its 2024 trustees report in mid-May, and here's what it says about the program's future. Person with a serious expression looking at a tablet ...
The Social Security trust fund, a massive reserve supply used to prop up the nation’s largest social safety net program, will run out of money one year earlier than anticipated as a result of ...
The Social Security Administration"my Social Security" portal allows you to apply for and manage all of your Social Security benefits online. See: Social Security Trust Funds Will Run Out Earlier...
Another option would be for Congress to raise the Social Security payroll tax rate from its current 12.4% to 15.6% following the trust fund depletion, and then gradually increase it to 16.7% by 2095.
At the end of 2009, the Trust Fund stood at $2.5 trillion. The $2.5 trillion amount owed by the federal government to the Social Security Trust Fund is also a component of the U.S. National Debt, which stood at $15.7 trillion as of May 2012. [18] By 2017, the government had borrowed nearly $2.8 trillion against the Social Security Trust Fund.