Running head: Revamping Our Future Social Security
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
             Revamping Our Future Social Security Tax System
             Jon Anderson
             Sandra Padilla
             Michael Peay
            
            
            
            
            
            
            
            
            
             Abstract
             This paper will discuss the current United States Social Security Tax system, the purpose of that system and our goal for selecting this topic. Also, it will explain our analysis of it's current standing, different idea's about what to change in our current standing to secure and guarantee a strong future for it. We will conclude by recommending the best course to accomplish this goal.
             Contents
             Abstract 2
             Contents 3
             Title 4
             Current U.S.A. Social Security Tax System 4
             Low Risk Investment 7
             High Risk Investment 8
             Graph: Social Security Tax Increases 9
             Conclusion/Recommendations 11
             References 12
            
            
            
            
            
            
            
            
            
             Revamping Our Social Security Tax
             System to Secure its future
             Current U.S.A. Social Security Tax System
             Social Security has been around for more than 60 years. It has been an important part of American life. It was created in 1935 shortly after the great depression. Social Security was created to be a protection for the American people against the hazards of unemployment, old age, and ill health. Today Social Security not only provides minimum protection for the retired worker, it also provides benefits for workers and their families due to death of a family wage earner or loss of income due to disability. Today there are about 150 million workers who are protected by social security, more than 44 million receive retirement, survivors and disability benefits form social security.
             American wage earners and their families are protected by social security and they pay taxes to help make the system work.
             There are two philosophies Social Security bases its payments on. First, the system is designed so that there is a link between how much a wage earner pays into the system and how much h...