Ron Eldridge - Profile and Journalist Details
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Ron Eldridge
Verified
Founding Editor, Decisions in Dentistry
Los Angeles
Beats
Health, Psychology , Wellness, Motherhood , Parenting, Lifestyle, Freelancing , Mental Health
Sports, gambling, matched betting, politics
Content
By Ron Eldridge| The Advocate (Baton Rouge, LA) Verified I read Froma Harrop’s column, “Cutting Social Security taxes hurt seniors.” You should check your facts before printing such alarmist misinformation. The Federal Insurance Corporation Act of 1937 required Social Security to collect a payroll tax and pay out benefits. Any money left over was required to be invested in U.S. Treasury notes. In 1939, the first year of Social Security, they purchased $2 billion of Treasury notes, according to a 1940 New York Times article.
By Ron Eldridge| The Advocate (Baton Rouge, LA) Verified I read Froma Harrop’s column, “Cutting Social Security taxes hurt seniors.” You should check your facts before printing such alarmist misinformation. The Federal Insurance Corporation Act of 1937 required Social Security to collect a payroll tax and pay out benefits. Any money left over was required to be invested in U.S. Treasury notes. In 1939, the first year of Social Security, they purchased $2 billion of Treasury notes, according to a 1940 New York Times article.
Company Info
Decisions in Dentistry