Franklin Delano. Roosevelt (Terms of Office March 4, 1933, to April 12, 1945).
Our Social Security
Roosevelt, a Democrat, introduced the Social Security (FICA) Program and 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. The 85% rule. When provisional income exceeds $34,000 on a single return or $44,000 on a joint return, things get more complicated, but the bottom line is this: In almost all cases, 85% of your benefits are taxed. The IRS has devised an 18-line worksheet for figuring how much of your benefits are taxable. You'll find it in the instructions for your tax return. Married couples who file separate returns can forget the $25,000/$32,000 and the $34,000/$44,000 thresholds. Their threshold is $0 -- and 85% of their social security benefits are taxable. Read on....
Lyndon Baines Johnson 36th. President, Democrat Term Of Office: November 22, 1963 to January 20, 1969
Question: Which Political Party took Social Security from the Independent 'Trust Fund' and put it into the General Fund so that Congress could spend it?
Answer: It was Lyndon B. Johnson (Democrat, Term Of Office: November 22, 1963 to January 20, 1969) and the democratically Controlled House and Senate.
Question: Which Political Party eliminated the income tax Deduction for Social Security (FICA) withholding?
Answer: The Democratic Party.
William Jefferson Clinton (Bill Clinton) 42nd. President Democrat Term of Office: January 20, 1993 to January 20, 2001 with Albert Arnold Gore, Jr. (Al Gore) 45th. Vice President.
Question: Which Political Party started taxing Social Security annuities?
Answer: The Democratic Party, with Albert Arnold Gore, Jr. (Al Gore) Vice President casting the 'tie-breaking' deciding vote as President of the Senate, while he was Vice President of the US .The straw that broke Social Security's back
James Earl Carter, Jr. (Jimmy Carter) 39th. President, Democrat Term of Office: January 20, 1977 to January 20, 1981
Question: Which Political Party decided to start giving Annuity payments to immigrants?
Answer: That's right! James Earl Carter, Jr. (Jimmy Carter) (Democrat, Term of Office: January 20, 1977 to January 20, 1981) 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 allege that the Republicans want to take our Social Security away, and uninformed people believe it.
