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jessejordan419
07-31-2012, 05:44 PM
A little history on your Social Security - Very important.

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 family and friends. They need a little history lesson on what's what and it doesn't matter whether you are Democrat or Republican. Facts are Facts.
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.
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 and your employer must match it!!
unless you're self employeed and you have to pay both!!!


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, with 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!

Remember, actions speak louder than bumper stickers.

Wickabee
07-31-2012, 06:13 PM
Assuming that's all true, very interesting...

Rockman
08-01-2012, 01:16 AM
Assuming that's all true, very interesting...

What's more interesting is a lot of it isn't true. (http://www.sportscardforum.com/threads/1719183-A-little-history-on-Social-Security)

mrveggieman
08-01-2012, 08:46 AM
This was actually an interesting read until he went on his anti democaratic tyraid. The OP claims to hate both political parties equally but then why does he only attack dems and President Obama?

AUTaxMan
08-01-2012, 11:26 AM
1. Not entirely true. Originally mandatory for most people-- those who work in "commerce and industry."

2. Completely false.

3. Not true.

4. Mostly true, in that it is essentially a pyramid scheme.

5. Kind of true. The annuity payments were originally not supposed to be taxed as income.

tpeichel
08-01-2012, 11:45 AM
Social programs have never stayed the same, they always expand and they always end up costing way more than the government first estimates. A big reason I never supported Obamacare.

pghin08
08-01-2012, 11:55 AM
1. Not entirely true. Originally mandatory for most people-- those who work in "commerce and industry."

2. Completely false.

3. Not true.

4. Mostly true, in that it is essentially a pyramid scheme.

5. Kind of true. The annuity payments were originally not supposed to be taxed as income.


Agreed