Posted: 12/22/2005 6:02:14 AM EDT
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Subject: Social Security Franklin Roosevelt, a Democrat, 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, and no other Government program, and, 5.) That the annuity payments to the retirees would never be taxed as income. 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, with Al Gore casting the "tie-breaking" deciding vote as President of the Senate, while he was Vice President of the U.S. 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 doing all this lying and thieving and violation of 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 good 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. Please forward this to others so that they can be informed of the truth. |
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Too bad you are posting a vefy common but still very wrong misconception about SS. You aren't paying the government to put aside money for you to use later. The money you are paying into it, is to be used to pay off those collecting it now. It built up a surplus and so it is being held (or would be but Congress is wasting it on tons of crap), but that is only accidental really. It's also not just a retirement fund, though many people think it is. Did you know that children get it when a parent dies sometimes? And that people who are disabled often qualify for payments? |
my mom isn't retired but collects due to being unable tow work due to back injuries. but convincing the social security people to give her money was like jumping through firey hoops at a circus. |
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Your urban-legend-fu is weak. www.snopes.com/politics/taxes/sschanges.asp So is your knowledge on how to tell what forum you're posting in 
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Actually all SS monies go into and are part of the GENERAL FUND. It is a tax and only a tax. |
hopefully they keep many of the fraudsters away with the hoops. |