Financing Social Security 1939-1949: A Reexamination of the Financing Policies of this Period
Social Security Bulletin, Vol. 67, No. 4, pp. 51-69, 2007
20 Pages Posted: 1 Jul 2008
This article examines the financing history of the U. S. Social Security system from the passage of the original law in 1935 up through the enactment of the 1950 Amendments to the Social Security Act. In particular, it focuses on the 1939 Social Security Amendments and the subsequent tax-rate freezes enacted between 1939 and 1949. It examines the origins of these taxing policies and assesses the impact of the rate freezes on the long-range actuarial balance of the Social Security program during this period.
Keywords: Social Security system, 1950 Amendments, Social Security Amendments, tax-rate freezes
Suggested Citation: Suggested Citation