What are two types of programs funded payroll taxes?

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2026-07-31 16:50

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Two types of programs funded by payroll taxes are Social Security and Medicare. Social Security provides financial assistance to retirees, disabled individuals, and survivors of deceased workers, while Medicare offers health insurance to individuals aged 65 and older and certain younger people with disabilities. Both programs are crucial components of the U.S. social safety net, ensuring support for millions of Americans.

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