40 Quarters of Social Security

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The following definition regarding Social Security to learn what it means to have a SS# and pay a contribution:

“Contribution: Right of one who has discharged a common liability to recover of another also liable, the aliquot portion which he ought to pay or bear.

Under principle of “contribution,” a tort-feasor [wrong doer] against whom a judgement is rendered is entitled to recover proportional shares of judgement from other joint tort-feasor [wrong doer] whose negligence contributed to the injury and who were also liable to the plaintiff.

What did you do to be defined as a wrong doer???

The share of a loss payable by an insure when contracts with two or more insurers cover the same loss.

The insurer’s share of a loss under a coinsurance or similar provision.

The sharing of a loss or payment among several.

The act of any one or several of a number of co-debtors, co-sureties, etc., in reimbursing one of their number who has paid the whole debt or suffered the whole liability, each to the extent of his proportionate share. — (Blacks Law Dictionary 6th ed.)

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Social Security is funded by a payroll tax of 12.4 percent on eligible wages — employees pay 6.2 percent and employers pay the other 6.2 percent (with self-employed workers paying the entire 12.4 percent). For 2021, the maximum amount of earnings subject to the Social Security tax will increase to $142,800 from $137,700. The money paid in by today's workers goes to cover current benefits, with any excess going into the Social Security trust fund.