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Social Security background highlights Interesting Info apart form Political Advertisement Part!!!
I received this information from a peer and thought I'd share it with you. History holds all sorts of really interesting facts, but many people forget about them and only think about this moment in time. I try to limit my political diatribes as much as possible, but the misinformation going around today on so many fronts is simply breath-taking to me. A friendly reminder is very important to have around at times, so for what its worth.....
Franklin Roosevelt, a Democrat, introduced the Social Security (FICA) Program. He promised: 1.) That participation in the Program would be completely voluntary; 2.) That 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 (Federal Insurance Contributions
Act (FICA)) [ http://www.ssa.gov/mystatement/fica.htm] 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: -------------------- ------------------
Then, after doing all this - in contravention of the original contract
(FICA), the Democrats turn around and tell you that the Republicans
want to take your Social Security away!
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