How does NESARA affect Social Security?

Initially, NESARA won’t affect benefits at all, or the collection of revenues. Current beneficiaries receive their checks from the general treasury, not from any special funds. All current Social Security taxes collected are deposited into the general treasury.

There never has been any special account with each person’s name. Congress, through its budgetary actions, disburses funds from the general treasury into all the entitlement programs. Furthermore, NESARA does not repeal payroll taxes such as the Social Security and Medicare taxes.

NESARA certainly could be rewritten to do so, but the overall national sales tax rate would have to be raised to compensate for the loss of revenues. This is one reason why other proposed tax packages include a much higher initial tax rate than does NESARA. Therefore, NESARA does not initially impact such collections or disbursements.

Congress still will collect revenues for this program. Congress still will be in the business of fiddling with the ... more.

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