The Social Security taxes you and your employer pay are put in your specific account for distribution to you at retirement.

Question

Quizplus · Accepted Answer

Social Security taxes paid by you and your employer are not put in your specific account for distribution to you at retirement. Instead, they are used to pay current beneficiaries, and any extra funds are invested in special-issue government securities. In the future, these securities will be used to help pay for future Social Security benefits.

The Social Security Taxes You and Your Employer Pay Are