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Deeman3
10-18-2010, 08:00 AM
<span style="color: #FF0000"> I got this in an e-mail. Is it all bunk? /forums/images/%%GRAEMLIN_URL%%/smile.gif</span>


Your Social Security

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 kids. 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 was removed.[9]

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:

------------ --------- --------- --------- --------- --------- ----

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!
If enough people receive this, maybe a seed of
Awareness will be planted and maybe changes will
Evolve. Maybe not, some Democrats are awfully
Sure of what isn't so.

llotter
10-18-2010, 10:44 AM
Well, if lies are being told, you can bet your life that it is the RW that are telling them so it makes little sense to analyze the the statements.

hondo
10-18-2010, 07:02 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: llotter</div><div class="ubbcode-body">Well, if lies are being told, you can bet your life that it is the RW that are telling them so it makes little sense to analyze the the statements. </div></div>

Another strong post.

Qtec
10-19-2010, 12:39 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">I got this in an e-mail. Is it all bunk? </div></div>


Deeman, do you really have to ask?

I am not an expert. I don't know anything really about what the rules for SS are but I chose this statement and checked it out.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Since many of us have paid into FICA for years and are
Now receiving a Social Security check every month --
<span style='font-size: 14pt'>And then finding that we are getting taxed on 85% of
The money we paid to the Federal government</span> to 'put
Away </div></div>

The truth.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Taxable Social Security Benefits

If your provisional income is below the base amounts for your filing status, then <span style='font-size: 17pt'>your Social Security benefits are completely non-taxable.</span>

If you provisional income is between the base amount and the additional amount, then half of your Social Security benefits over the base amount are taxable.

If your provisional income is over the additional amount, then $4,500 (or $6,000 if Married Filing Jointly) plus 85% of your Social Security benefits over the additional amount are taxable.

The taxable portion of your Social Security benefits cannot exceed 85% of your total benefits.

<span style='font-size: 20pt'>To phrase this differently, Social Security benefits below the base amount are not taxed. Half the benefits between the base and additional amounts are taxed. And 85% of the benefits above the additional amount are taxed. </span> </div></div>

The author gives the impression that EVERYONE is <div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">getting taxed on 85% of the money [they] paid to the Federal government </div></div>

As usual, true to form, this is another RW scare-mail full of half truths and downright lies.

Here is the link (http://taxes.about.com/od/income/qt/Social_Security.htm) .

Q

Qtec
10-19-2010, 12:41 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: llotter</div><div class="ubbcode-body">Well, if lies are being told, you can bet your life that it is the RW that are telling them so it makes little sense to analyze the the statements. </div></div>

No. That's exactly why you should do a little search before you put your foot in your mouth, something you guys are prone to do.

Q

Gayle in MD
10-19-2010, 10:01 AM
Yes, all of it is bunk.

G. /forums/images/%%GRAEMLIN_URL%%/grin.gif

Deeman3
10-19-2010, 10:49 AM
/forums/images/%%GRAEMLIN_URL%%/smile.gif

LWW
10-19-2010, 12:58 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Gayle in MD</div><div class="ubbcode-body">Yes, all of it is bunk.

G. /forums/images/%%GRAEMLIN_URL%%/grin.gif </div></div>

Want to wager some of the butter and egg money on that?

LWW