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History
Lesson on Your Social Security
Card
Kay Seiler
July 7, 2011
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.
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.
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?
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!
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