No, FUTA (Federal Unemployment Tax Act) taxes do not fund the Social Security program. Instead, FUTA taxes are specifically designed to provide funds for unemployment insurance programs at both the federal and state levels. Social Security is primarily funded through FICA (Federal Insurance Contributions Act) taxes, which are separate from FUTA and are used to support retirement, disability, and Survivor benefits.
Copyright © 2026 eLLeNow.com All Rights Reserved.