Your Social Security Just in case some of you young whippersnappers (& some older ones too) Weren’t taught or just didn’t know this.
And it doesn’t matter whether you are Democrat of Republican. Facts are facts!!! Frances Pickens presented the idea of Social Security to Franklin Roosevelt, a Democrat, 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 because of bill Clinton and Al Gore, FDR never wanted this. And who put it in General Funds, another Democrat Lyndon B. Johnson.
And it doesn’t matter whether you are Democrat of Republican. Facts are facts!!! Frances Pickens presented the idea of Social Security to Franklin Roosevelt, a Democrat, 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 because of bill Clinton and Al Gore, FDR never wanted this. And who put it in General Funds, another Democrat Lyndon B. Johnson.
Your Social Security Just in case some of you young whippersnappers (& some older ones too) Weren’t taught or just didn’t know this.
And it doesn’t matter whether you are Democrat of Republican. Facts are facts!!! Frances Pickens presented the idea of Social Security to Franklin Roosevelt, a Democrat, 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 because of bill Clinton and Al Gore, FDR never wanted this. And who put it in General Funds, another Democrat Lyndon B. Johnson.
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