Jerome Powell quote

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In normal times, at the beginning of each month, the federal government makes a cash advance to the Social Security Trust Fund called the 'normalized tax transfer,' in an amount equal to the estimated payroll taxes for the coming month.
Jerome Powell
Jerome Powell
Jerome Powell
Born: Feb 4, 1953

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Government, Trust, Beginning, Month, Security, Cash, Federal, Federal Government, Advance, Equal, Makes, Coming, Normal, Trust Fund, Times, Tax, Transfer, Estimated, Social, Taxes, Payroll, Social Security, Each, Fund, Amount

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A View From The Fed: The Collected Works of Jerome Powell
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