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Use 3% of Fed Tax withholdings on Lottery/Gambling winnings to reimburse and solidify the Social Security Accounts.

Created by C.G. on October 26, 2011

The last 5 Trustees Reports have indicated that Social Security's Old-Age, Survivors, and Disability Insurance (OASDI) Trust Funds would become exhausted between 2036 and 2041 under the intermediate set of economic and demographic assumptions provided in each report. If no legislative change is enacted, scheduled tax revenues will be sufficient to pay only about three fourths of the scheduled benefits after trust fund exhaustion.

To enable continued funding and stabilization of the Social Security trust fund past the 2041 date, divert 3% of the Fed Taxes collected on Gambling and Lottery winnings to the trust account. (ex. if 300,000,000,000 won = 93,000,000,000 in taxes; which would provide 2.7 bil to the trust account a year).

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