Following is a list that is finding its way around social media, it’s not new but it keeps popping up and it is totally bogus. And as you can see, it’s politically motivated as well.
What it states as a question and the supposed answer are false intentionally or through extreme ignorance. The sad part is that people pass this around when fact checking is so easy. What is wrong with people?
If you want the truth about Social Security, peruse the Social Security section on this blog.
“HISTORY LESSON ON YOUR SOCIAL SECURITY CARD
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 family and friends. They need a little history lesson on what’s what and it doesn’t matter whether you are Democrat or Republican. Facts are Facts.
Franklin Roosevelt, a Democrat, introduced the Social Security (FICA) Program. His promises are in black, with updates in red.
1.) That participation in the Program would be Completely voluntary [No longer voluntary], NEVER TRUE
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, and 15% on the first $90,000 if you’re self-employed], NEVER TRUE
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], NEVER TRUE
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 [Under Johnson the money was moved to the General Fund and Spent], and NEVER TRUE
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]. NEVER TRUE, FIRST TAX OF 50% of benefit under Reagan as result of Greenspan Commission.
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: RELATIVELY FEW PEOPLE GET TAXED ON 85% of the benefit. Tax on the extra 15% helps fund Part A of Medicare.
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? NEVER TRUE, THE PROGRAM HAS BEEN FUNDED THE SAME WAY FROM THE START
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? NEVER WAS A TAX DEDUCTION
A: The Democratic Party.
Q: Which Political Party started taxing Social Security annuities? NOT TRUE
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
AND MY FAVORITE:
Q: Which Political Party decided to start giving annuity payments to immigrants? ABSOLUTELY NOT TRUE. NO ONE COLLECTS A BENEFIT WITHOUT CONTRIBUTING OR BEING A QUALIFIED DEPENDENT. IN FACT, BILLIONS OF DOLLARS ARE CONTRIBUTED TO THE TRUST BY PEOPLE WHO ARE NOT ELIGIBLE FOR A BENEFIT AND NEVER COLLECT A PENNY.
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!
Now, 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, though. Some Democrats are awfully sure of what isn’t so — but it’s worth a try. How many people can YOU send this to?
Actions speak louder than bumper stickers.”
Categories: Social Security