2006-12-06 11:55:20 · 3 answers · asked by Anonymous in Politics & Government ➔ Law & Ethics
To support the elderly.
The SSA began existence as the Social Security Board created as part of the New Deal program of President Franklin D. Roosevelt, by the Social Security Act of 1935, signed August 14, 1935.[
2006-12-06 11:57:27 · answer #1 · answered by Anonymous · 0⤊ 0⤋
1935...to provide a safety net for US citizen in our old age. Trivia fact....when 1st implemented the maximum amount of SS tax that could be withheld from your paycheck was $25....per YEAR.
2006-12-06 12:05:00 · answer #2 · answered by iraq51 7 · 0⤊ 0⤋
It was enacted back in the 1930's I beleive. Its intent was for workers to be taxed, and then that tax was to support retirees, disabled people, and elderly people.
2006-12-06 12:01:59 · answer #3 · answered by William N 2 · 0⤊ 0⤋