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How Was the Social Security Act Supposed to Provide for Old-Age

Question 94

Multiple Choice

How was the Social Security Act supposed to provide for old-age pensions and unemployment insurance?


A) A payroll tax on workers and their employers was to create a revolving fund.
B) A capital gains tax was to transfer corporate profits into Social Security.
C) A value-added tax was supposed to raise revenue for Social Security in the consumer market.
D) An increase in the top tax rate was supposed to skim top earners to provide for those in need of Social Security.

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