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Social Security Office: Social Security Listing
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Some estimates are that by the year 2040, Social Security and Medicare will consume as much as 60 percent of income taxes collected. The remaining 40 percent of tax revenue would have to finance all the rest of the federal government.
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Social Security was not set up to directly provide medical care, but only to pay for medical care under certain circumstances. To directly administer a health care system would cost far more than the present rate of contributions would allow.
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Under certain circumstances, New York City employees may be exempt from social security and/or Medicare taxes. If you fall into one of the following categories, you may be exempt from social security or Medicare taxes:
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Social Security Listing