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, 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 questions below:
Do You Know the History of Social Security?
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.
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Q: Which Political Party eliminated the income tax
deduction for Social Security (FICA) withholding?
A: The Democratic Party.
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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.
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Q: Which Political Party decided to start giving
annuity payments to immigrants?
A: That's right! Jimmy Carter! And the Democratic Party of course!
When Immigrants move
into this country, at age 65, they began to receive Social Security
payments! The Democratic Party gave these payments to them, even
though they never paid a dime into it!
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