Social Security - An EXCELLENT SUMMARY!
Mike
Social Security
Your Social Security
Just in case some of you young whippersnappers (& some older ones)
didn't know this. It's easy to check out, if you don't believe it.
Be sure and show it to your kids. They need a little history lesson on
what's what and it doesn't matter whether you are Democrat or
Republican. Facts are Facts!!!
Our Social Security
Franklin Roosevelt, a Democrat, introduced the Social
Security (FICA) Program. He promised:
1.) That participation in the Program would be
Completely voluntary,
No longer Voluntary
2.) That the participants would only have to pay
1% of the first $1,400 of their annual
Incomes into the Program,
Now 7.65%
3.) That the money the participants elected to put
into the Program would be deductible from
their income for tax purposes each year,
No longer tax deductible
4.) That the money the participants put into the
independent 'Trust Fund' rather than into the
general operating fund, and therefore, would
only be used to fund the Social Security
Retirement Program, and no other
Government program, and,
Under Johnson the money was moved to
The General Fund and Spent
5.) That the annuity payments to the retirees
would never be taxed as income.
Under Clinton & Gore
Up to 85% of your Social Security can be Taxed
Since many of us have paid into FICA for years and are
now receiving a Social Security check every month --
and then finding that we are getting taxed on 85% of
the money we paid to the Federal government to 'put
away' -- you may be interested in the following:
------------ --------- --------- --------- --------- --------- ----
Q: Which Political Party took Social Security from the
independent 'Trust Fund' and put it into the
general fund so that Congress could spend it?
A: It was Lyndon Johnson and the democratically
controlled House and Senate.
------------ --------- --------- --------- --------- ---------
--------- --
Q: Which Political Party eliminated the income tax
deduction for Social Security (FICA) withholding?
A: The Democratic Party.
------------ --------- --------- --------- --------- ---------
--------- -----
Q: Which Political Party started taxing Social
Security annuities?
A: The Democratic Party, wit h Al Gore casting the
'tie-breaking' deciding vote as President of the
Senate, while he was Vice President of the US
------------ --------- --------- --------- --------- ---------
--------- -
Q: Which Political Party decided to start
giving
annuity payments to immigrants?
AND MY FAVORITE:
A: That's right!
Jimmy Carter and the Democratic Party.
immigrants moved into this country, and at age 65,
began to receive Social Security payments! The
Democratic Party gave these payments to them,
even though they never paid a dime into it!
------------ -- ------------ --------- ----- ------------ ---------
---------
Then, after violating the original contract (FICA), the Democrats turn
around and tell you that the Republicans want to take your Social
Security away!
And the worst part about it is uninformed citizens believe it!
If enough people receive this, maybe a seed of
awareness will be planted and maybe changes will
evolve. Maybe not, some Democrats are awfully
sure of what isn't so.
But it's worth a try. How many people can YOU send this to?
Actions speak louder than bumper stickers.
AND CONGRESS GIVES THEMSELVES 100% RETIREMENT FOR ONLY SERVING ONE
TERM!!!
A government big enough to give you everything you want, is strong
enough to take everything you have.
-Thomas Jefferson
D.F. Manno
<e60f6055-86dd-4874...@n35g2000yqm.googlegroups.com>,
Mike <yard...@yahoo.com> wrote:
> Social Security - An EXCELLENT SUMMARY!
It's not "EXCELLENT." It's a pile of BULLSHIT.
> Social Security
>
> Your Social Security
>
> Just in case some of you young whippersnappers (& some older ones)
> didn't know this. It's easy to check out, if you don't believe it.
I did check it out, and I was right not to believe it.
> Be sure and show it to your kids. They need a little history lesson on
> what's what and it doesn't matter whether you are Democrat or
> Republican. Facts are Facts!!!
And you don't have any.
> Our Social Security
>
> Franklin Roosevelt, a Democrat, introduced the Social
> Security (FICA) Program. He promised:
>
> 1.) That participation in the Program would be
> Completely voluntary,
>
> No longer Voluntary
It never was voluntary. From the outset of the program, persons working
in covered employment were required under the law to pay FICA taxes.
There is no such thing as a voluntary tax.
> 2.) That the participants would only have to pay
> 1% of the first $1,400 of their annual
> Incomes into the Program,
>
> Now 7.65%
In the original 1935 law, the rate was initially set at 1% of the first
$3,000 (_not_ $1,400) of earnings. In four stages it was increased until
in 1949 it was 3% on the first $3,000. Nothing in the law ever set the
rate for all time.
> 3.) That the money the participants elected to put
> into the Program would be deductible from
> their income for tax purposes each year,
>
> No longer tax deductible
Wrong again. It was never tax-deductible. Federal taxes are never
deductible on federal income tax returns. In fact, Section 803 of Title
VIII (the Social Security Act of 1935) expressly banned this.
> 4.) That the money the participants put into the
> independent 'Trust Fund' rather than into the
> general operating fund, and therefore, would
> only be used to fund the Social Security
> Retirement Program, and no other
> Government program, and,
>
> Under Johnson the money was moved to
>
> The General Fund and Spent
Again, incorrect. The Social Security Trust Fund was created in 1935 and
has _never_ been "put into the general fund of the government."
The money in the Fund was not "Spent," it was invested in Treasury
securities.
> 5.) That the annuity payments to the retirees
> would never be taxed as income.
>
> Under Clinton & Gore
>
> Up to 85% of your Social Security can be Taxed
Wrong. It was in 1983, under Ronald Reagan, that Social Security
benefits were first subject to income tax.
> Since many of us have paid into FICA for years and are
> now receiving a Social Security check every month --
> and then finding that we are getting taxed on 85% of
> the money we paid to the Federal government to 'put
> away'
The only people who are paying tax on 85% of their SS benefits are those
with incomes over $34,000 (single) or $44,000 (married).
> -- you may be interested in the following:
>
> Q: Which Political Party took Social Security from the
> independent 'Trust Fund' and put it into the
> general fund so that Congress could spend it?
>
> A: It was Lyndon Johnson and the democratically
> controlled House and Senate.
As noted above, this is not true. The money is still in the Trust Fund,
and always has been.
> Q: Which Political Party eliminated the income tax
> deduction for Social Security (FICA) withholding?
>
> A: The Democratic Party.
Another falsehood. Since FICA withholding was _never_ deductible, no
party "eliminated" deductibility.
> Q: Which Political Party started taxing Social
> Security annuities?
>
> A: The Democratic Party, wit h Al Gore casting the
> 'tie-breaking' deciding vote as President of the
> Senate, while he was Vice President of the US
Another lie. As noted above, it was 1983 when SS benefits were first
made taxable. Reagan was president, Bush I was vice president, and Gore
was only a congressman from Tennessee.
> Q: Which Political Party decided to start
> giving annuity payments to immigrants?
>
> AND MY FAVORITE:
>
> A: That's right!
>
> Jimmy Carter and the Democratic Party.
> immigrants moved into this country, and at age 65,
> began to receive Social Security payments! The
> Democratic Party gave these payments to them,
> even though they never paid a dime into it!
More lies. Illegal immigrants are and have always been barred by law
from collecting Social Security benefits.
Immigrants who become citizens or who are resident aliens legally in
this country pay into SS and when eligible receive benefits.
> Then, after violating the original contract (FICA), the Democrats turn
> around and tell you that the Republicans want to take your Social
> Security away!
>
> And the worst part about it is uninformed citizens believe it!
Because it's true. For example, it was Bush II who wanted to destroy SS
by "privatizing" the program.
> If enough people receive this, maybe a seed of
> awareness will be planted and maybe changes will
> evolve. Maybe not, some Democrats are awfully
> sure of what isn't so.
>
> But it's worth a try. How many people can YOU send this to?
I could send it to a lot of people. But since it's a pack of lies and
misinformation, I'm not sending it to anybody.
> Actions speak louder than bumper stickers.
>
> AND CONGRESS GIVES THEMSELVES 100% RETIREMENT FOR ONLY SERVING ONE
> TERM!!!
More bullshit. A congressperson must serve at least five years to get
any pension at all, and with only five years of service the pension is
nowhere near 100%. By law, the starting amount of any congressional
pension may not exceed 80% of final salary.
In 2006, the average congressional pension under the current retirement
plan was $39,952. Under the previous plan, it was $60,972.
(Congressional salaries that year were $165,200.)
> A government big enough to give you everything you want, is strong
> enough to take everything you have.
> -Thomas Jefferson
If you don't like government, go to Somalia. You'll love it.
--
D.F. Manno | dfm...@mail.com
Religion ... the only winning move is not to play!
George
Snopes reports most of this is crap
http://www.snopes.com/politics/socialsecurity/changes.asp
On Dec 13, 12:42 am, "D.F. Manno" <dfma...@mail.com> wrote:
> In article
> <e60f6055-86dd-4874-a468-26a1c43ca...@n35g2000yqm.googlegroups.com>,
> D.F. Manno | dfma...@mail.com
tkd
Anyone dumb enough to accept as fact a chain email or anything published
on a political web blog is doomed to remain ignorant.
>> Under Clinton& Gore
news.eternal-september.org
can be and simply see someting in writing and run off half cocked with it,
without bothering to verify or clarify a single issue in it.
Did you hear that the pres took my recommendation and gathered together
another few trillion and each wage earner/child/spouse/immigrant/illegal
alien in the country are going to receive $132,995.22, tax free, for each
year they paid into FICA? If you didn't pay FICA then you only get
$33,228.55.
Now, THAT is stimululating!
Twayne
In news:dfmanno-1930C6...@news.albasani.net,
D.F. Manno <dfm...@mail.com> typed:
--
--
Live in the moment;
be open to the possibilities
that life has to offer.
George
wrote:
> Well summarized; even better than Snopes. It's amazing how gullible people
> can be and simply see someting in writing and run off half cocked with it,
> without bothering to verify or clarify a single issue in it.
>
> Did you hear that the pres took my recommendation and gathered together
> another few trillion and each wage earner/child/spouse/immigrant/illegal
> alien in the country are going to receive $132,995.22, tax free, for each
> year they paid into FICA? If you didn't pay FICA then you only get
> $33,228.55.
>
> Now, THAT is stimululating!
>
> Twayne
Took your recomendation?
Sounds like a Windows 7 commercial. :-)
When do I get my $4,654,825?