Post by tusti on Mar 8, 2007 18:32:33 GMT -5
A Little History on Social Security
>>
>>
>>
>> Franklin Roosevelt, a democratic president, introduced the Social
>> Security (FICA) Program.
>>
>>
>>
>> He promised:
>>
>> 1.) That participation in the Program would be completely voluntary.
>>
>> 2.) That the participants would only have to pay 1% of the first $1,400
>> of their annual incomes into the Program.
>>
>> 3.) That the money the participants elected to put into the Program would
>> be deductible from their income for tax purposes each year.
>>
>> 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 & no other Government
>> program.
>>
>> 5.) That the annuity payments to the retirees would never be taxed as
>> income.
>>
>>
>>
>>
>>
>> Since many now have paid into FICA for years and are 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 & the democratically controlled House & 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, with Al Gore casting the "tie-breaking" deciding
>> vote as President of the Senate, while he was Vice President of the US (&
>> remember his social security "Lock Box" presidential campaign).
>>
>> -------------------------------------------------------------------
>> Q: Which Political Party decided to start giving annuity payments to
>> immigrants?
>>
>> This is MY FAVORITE:
>> A: That's right. Jimmy Carter & the Democratic Party of course.
>> Immigrants moved into this country, and at age 65, began to receive
>> Social Security payments. The Democratic Party gave these payments to
>> them, even if they've never paid a dime into it!
>> ----------------------------------------------------------------------
>> Then, after doing all this lying, thieving & violating of the original
>> contract (FICA), the Democrats as they've also mandated, double taxed and
>> given Social Security into bankruptcy, turn around and tell you that the
>> mess is the fault of & the wish of the Republicans to take your
>> retirement income away!
>>
>> And the worst part about it is the uninformed citizens believe it.
>>
>>
>>
>>
>>
>> Franklin Roosevelt, a democratic president, introduced the Social
>> Security (FICA) Program.
>>
>>
>>
>> He promised:
>>
>> 1.) That participation in the Program would be completely voluntary.
>>
>> 2.) That the participants would only have to pay 1% of the first $1,400
>> of their annual incomes into the Program.
>>
>> 3.) That the money the participants elected to put into the Program would
>> be deductible from their income for tax purposes each year.
>>
>> 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 & no other Government
>> program.
>>
>> 5.) That the annuity payments to the retirees would never be taxed as
>> income.
>>
>>
>>
>>
>>
>> Since many now have paid into FICA for years and are 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 & the democratically controlled House & 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, with Al Gore casting the "tie-breaking" deciding
>> vote as President of the Senate, while he was Vice President of the US (&
>> remember his social security "Lock Box" presidential campaign).
>>
>> -------------------------------------------------------------------
>> Q: Which Political Party decided to start giving annuity payments to
>> immigrants?
>>
>> This is MY FAVORITE:
>> A: That's right. Jimmy Carter & the Democratic Party of course.
>> Immigrants moved into this country, and at age 65, began to receive
>> Social Security payments. The Democratic Party gave these payments to
>> them, even if they've never paid a dime into it!
>> ----------------------------------------------------------------------
>> Then, after doing all this lying, thieving & violating of the original
>> contract (FICA), the Democrats as they've also mandated, double taxed and
>> given Social Security into bankruptcy, turn around and tell you that the
>> mess is the fault of & the wish of the Republicans to take your
>> retirement income away!
>>
>> And the worst part about it is the uninformed citizens believe it.
>>
>>