1403.1 What does the earnings record show?
Your earnings record shows the amount of earnings reported by your employer or by you, if you are self-employed. Also, it shows the periods for which your earnings were reported.
1403.2 What happens to the Social Security taxes?
During working years, employees, their employers, and the self-employed pay Social Security and/or Medicare taxes. The equivalent of these taxes is pooled in special trust funds under automatic appropriation by Congress. (See §140.)
Last Revised: Jul. 1, 2004