Interesting email I received

iVillage Member
Registered: 04-16-2004
Interesting email I received
11
Thu, 08-19-2004 - 10:48am
I received the following email from a friend of mine, and while I knew some of the information contained within it, I did not know some of the others.

Take a read and see what you think:

Do you recall something like this in your youth ?

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?

MY FAVORITE :

A: That's right! Jimmy Carter and the Democratic Party. Immigrants moved

into this country, and at age 65, began to receive SSI 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!

perhaps we are asking the wrong questions during this 2004 election year!

If enough people receive this, maybe a seed of awareness will be planted and

maybe good changes will evolve.

How many people can YOU send this to?

Keep this going clear up through the 2004 election!! We need to be heard!

Politics is supposed to be the second oldest profession. I have come to

realize that it bears a very close resemblance to the first.



I knew points #1, #3, #4, and #5, but with #2, I thought that people would have to pay in $1,400 per year...maybe I was confused.

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iVillage Member
Registered: 03-18-2000
Thu, 08-19-2004 - 4:19pm
The 1983 Amendments

In the early 1980s the Social Security program faced a serious short-term financing crisis. President Reagan appointed a blue-ribbon panel, known as the Greenspan Commission, to study the financing issues and make recommendations for legislative changes. The final bill, signed into law in 1983, made numerous changes in the Social Security and Medicare programs, including the taxation of Social Security benefits, the first coverage of Federal employees under Social Security and an increase in the retirement age in the next century. (Summary of the provisions of the '83 Amendments)


Quote......... http://www.ssa.gov/history/briefhistory3.html

 


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