employers and works who pay for social security finance the program through there payroll taxes . In this fashion the government automatically deducts a certain percentage from peoples paychecks to pay for social security . the government deducts about 6.2% form you and your employer for social security and about 1.45% for part a Medicare hospital insurance , all together the FICA taxes are about 7.65%. Self employed people pay a combined employer-employee rate but can take a income tax deduction of one half the tax paid . Theses tax rates are established by the federal law . The maximum amount of earnings taxed for social security increases every year based on increasing average wages and salaries of all employees . Social security can not be avoided from paying if you are one that is a member of the work force .
             Workers are eligible too receive social security by the age of 62 , but they must have a specific number of work credits in jobs covered by social security . Work credits are received by annual earnings . In 1996 , workers received one credit for every 640 dollars covered by annual earnings . This amount amo
             ...