Taxes on earnings that fund old age, survivor, and disability insurance benefits are called

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The taxes on earnings that fund old age, survivor, and disability insurance benefits are called Social Security taxes. These taxes are deducted from employees' and employers' paychecks and provide a source of income for retired and disabled individuals, as well as spouses and children of deceased workers. Estate taxes are taxes paid on inherited property or assets when someone dies, excise taxes are taxes on specific goods or services, real estate property taxes are taxes paid on property ownership, and sales taxes are taxes on goods and services purchased. None of these accurately describe the taxes that fund Social Security benefits.

Taxes on Earnings That Fund Old Age, Survivor, and Disability