Social Security Cards up until the 1980s expressly stated the number and
card were not to be used for identification purposes. Since nearly everyone in the United States now has a number, it became convenient to use it anyway and the message, NOT FOR IDENTIFICATION, was removed.
An old Social Security card with the "NOT FOR IDENTIFICATION" message.
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%
on the first $90,000
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:
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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.
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Q: Which Political Party eliminated the income tax deduction for Social Security (FICA) withholding?
A: The Democratic Party.
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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
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Q: Which Political Party decided to start giving annuity payments to immigrants?
A: 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!
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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.
Alex? Chuck? Jim?
ReplyDeletePolitically speaking you are all complete morons to support this party and it's marxist collectivism tendencies.
When will people wake up to smell the betrayal of the Democratic party and realize the DAMAGE they have done to our country!
What makes all of it worse is the fact that they, led by the emperor Marxist Obama, want MORE!
Lies, deception, hate mongering, racism, class warfare, etc... are the hallmarks of the progressive liberal socialist Democrat party.
from an old geezer who is politically astute, is an informed voter and was properly educated; thanks very much for posting this. it speaks for itself. if you are a democrate shame on you. shame on our local democrate politicians as well. they're crooks who only look out for themselves and their party. they don't care about those they represent and they never met a tax dollar they didn't love.
ReplyDeleteI think #2 is wrong. The $90,000 is around $106,000.
ReplyDeleteWhere's my gun?
ReplyDeleteWhat would the 1% on $1400 be today indexed on inflation?
ReplyDeleteHow much was the employers contribution originally?
I am thoroughly expecting the communists/democratics to come up with a plan that will make the SS ID number part of the data contained within an implanted microchip. It will be surgically implanted in your hand for easy scanning. Some unfortunates don't have hands so it will go in their head. Everybody has a head. So much for "not for identification purposes".
ReplyDelete9:03, good questions, however, no one on here cares about the answers. They want to bash the "democrate" (sic) party
ReplyDeleteBoth parties love to spend. Both spent all that FICA already. Many will never see SS because both parties will destroy America long before they see it.
ReplyDeleteLike the one time Stimulus 800 Billion is now spent every stinking year. Why the Senate will not pass a budget they would have to admit that.