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SOURCE ROOM

Understanding the Benefits (Publication No. 05-10024)

Social Security Administration (U.S.).

Claims Supported by This Source

  1. The taxes you pay are not held in an account in your name but are used to pay for current beneficiaries. Any surplus goes into trust funds.
  2. Social Security taxes are levied on earnings up to a certain amount; for 2026, that limit is $184,500.

How to read the verification levels. "Read Through" means the source was read in its entirety. "Bibliography & Abstract Read" means the bibliographic information and abstract were confirmed. "Via Course Material" means the source was referenced through the textbook or course text. The "Text Hash" is the SHA-256 of the main text from the publisher's page, excluding tags and whitespace, used to detect if the source has been modified.