How Much You Lose When Your Employer Cuts Your 401(k) Match

IRAs and 401(k)s replace SS

GOP day for me...

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,

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:

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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: 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!

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Then, after violating the original contract (FICA), the Democrats turn around and tell us that the Republicans want to take our Social Security away!

Mart of KS @ Apr 24, 2009 22:06:39 PM