GREAT POSTING!!!!!!!!!!!!!!!!
And completely true.
TMT
"Too_Many_Tools" <too_man...@yahoo.com> wrote in message
news:518c705e-ccce-4aa5...@l37g2000vbd.googlegroups.com...
> On Mar 29, 3:55 pm, Cliff <Clhuprichguessw...@aoltmovetheperiodc.om>
> wrote:
>> [
>> And Joe says, "This is fucking big!"
>> ]
>
> GREAT POSTING!!!!!!!!!!!!!!!!
>
> And completely true.
>
> TMT
Yeap, it's true. Tell Joe Biden to stop staring at my cock.
>Franklin Roosevelt, a Democrat, introduced.
Elected FOUR times, was he?
Guess the people loved what he did.
Which rethugs did they hate & why?
--
Cliff
>Additionally because he is just an "Average Joe" his annual Federal
>Income Tax Rate is about 25% with an average State Income Tax of about
>6% and a Sales Tax Rate of about 6% as well (depending on where Joe
>Exists)
Plus all FICA taxes .... the wealthy pay at a lower total tax rate.
That's Average Joe's problem. He was not born wealthy.
How stupid of him.
--
Cliff
This guy really does love winger lies !!!
http://www.truthorfiction.com/rumors/s/ss-origins.htm
>But then Joe reads an article about the History of the first U.S.
>Social program that Franklin Roosevelt, a Democrat, introduced. The
>Social Security (FICA) Program where FDR promised:
>
>1.) That participation in the Program would be Completely voluntary,
>but i's no longer Voluntary.
"According to the Social Security Administration (SSA), the Social Security
(FICA) contribution is a payroll tax and, like all taxes, has never been
voluntary."
>2.) That the participants would only have to pay 1% of the first
>$1,400 of their annual Incomes into the program, but it it's now 12.4%
>on earnings up to $106,800 with Medicare being another 2.9% on all
>earnings.
"SSA says the original tax rate was 1% on the employer and the employee on the
first $3,000 of annual wages."
>3.) That the money the participants elected to put into the Program
>would be deductible from their income for tax purposes each year, but
>it' no longer tax deductible.
"The 1935 law prevented Social Security contributions from being tax
deductible and they never have been."
>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, but Under Johnson the money was moved to
>the General Fund and Spent like a drunken sailor on liberty spends.
[
According to the SSA, the way that Social Security is financed has not changed
since it was enacted in 1939.
Social Security payroll taxes are deposited into The Social Security Trust Fund.
The SSA says that those funds have never been taken out and put into a "general
fund."
There was an accounting change in 1968, however, that listed the Trust Fund
under something called the "unified budget" along with all other federal
programs.
In 1990, there was another accounting change that took the Trust Fund out from
under that umbrella, but according to the SSA, it was merely a matter of
accounting practices, not the function of the fund itself.
]
>5.) That the annuity payments to the retirees would never be taxed as
>income, but under Clinton & Gore that changed so that up to 85% of
>your Social Security can be Taxed.
[
There was no guarantee that Social Security payments would never be taxed.
Originally, they were not taxed, but in 1983, Congress passed a law that did
include Social Security payments as taxable income.
]
HTH
--
Cliff
"Cliff" <Clhuprich...@aoltmovetheperiodc.om> wrote in message
news:63l5r5hhooa699iog...@4ax.com...
>
> HTH
> --
> Cliff
return to sender
Damn. And I thought we were gonna discuss solder suckers - and are
where I actually have some expertise.
--
Rightardia: The progressive alternative to conservative fascism.