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Malcolm Mitchell is the Editor and Publisher of Investment Policy Magazine, which he founded in 1997. He has been writing about Social Security since 2002. If you’ve ever questioned what happens to your employment taxes, you’ve probably come across answers like the following: The Social Security “Trust Fund” is a fiction; Employment taxes are simply taken by the government and added to the general fund to pay for other federal programs; or You can’t depend on receiving any promised Social Security benefits when you retire.