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The FBI News Review

Social Security History

Trust Fund Operations Trust Fund Operations Even though there is presently more FICA taxes coming in each year than benefits paid out, this has not always been the case. Since 1937, there have been 11 years in which benefits paid out exceeded income and so the assets of the Trust Funds had to be spent to make up the difference. This cashing-in of the Trust Fund bonds amounted to about $26 …