Cut and Pasted from an email I received...
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:
Q: Which party took Social Security
from an independent fund and put it in the general fund so that Congress
could spend it?
A: It was Lyndon Johnson and the Democratic-controlled House and
Senate.
Q: Which party put a tax on Social Security?
A: The Democratic party.
Q: Which party increased the tax on Social Security?
A: The Democratic Party with Al Gore casting the deciding vote.
Q: Which party decided to give money to immigrants?
A: That's right, immigrants moved into this country and at 65 got SSI
Social Security. The Democratic Party gave that to them although they never
paid a dime into it.
Then, after doing all this, the Democrats turn around and tell you the
Republicans want to take your Social Security.
And the worst part about it is, people believe it!
Pass it on please!
2004 Election Issue This must be an issue in "04". Please! Keep it
going.
SOCIAL SECURITY: (This is worth the read. It's short and to the
point.)
Perhaps we are asking the wrong questions during election years. Our
Senators and Congress men &women do not pay into Social Security and, of
course, they do not collect from it.
You see, Social Security benefits were not suitable for persons of
their rare elevation in society. They felt they should have a special plan
for themselves. So, many years ago they voted in their own benefit plan.
In more recent years, no congressperson has felt the need to change
it. After all, it is a great plan.
For all practical purposes their plan works like this: When they
retire, they continue to draw the same pay until they die, except it may
increase from time to time for cost of living adjustments.
For example, former Senator Byrd and Congressman White and their wives
may expect to draw $7,800,000.00 (that's Seven Million, Eight-Hundred
Thousand Dollars), with their wives drawing $275,000.00 during the last
years of their lives. This is calculated on an average life span for each.
Their cost for this excellent plan is $00.00. Nada. Zilch. This little
perk they voted for themselves is free to them. You and I pick up the tab
for this plan. The funds for this fine retirement plan come directly from
the General Funds-our tax dollars at work!
From our own Social Security Plan, which you and I pay (or have paid)
into-every payday until we retire (which amount is matched by our
employer) --we can expect to get an average $1,000 per month after
retirement. Or, in other words, we would have to collect our average of
$1,000. monthly benefits for 68 years and one (1) month to equal Senator
Bill Bradley's benefits!
Social Security could be very good if only one small change were made.
That change would be to jerk the Golden Fleece Retirement Plan from
under the Senators and Congressmen. Put them into the Social Security plan
with the rest of us ... then sit back and watch how fast they would fix it.
If enough people receive this, maybe a seed of awareness will be
planted and maybe good changes will evolve.
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:
Q: Which party took Social Security
from an independent fund and put it in the general fund so that Congress
could spend it?
A: It was Lyndon Johnson and the Democratic-controlled House and
Senate.
Q: Which party put a tax on Social Security?
A: The Democratic party.
Q: Which party increased the tax on Social Security?
A: The Democratic Party with Al Gore casting the deciding vote.
Q: Which party decided to give money to immigrants?
A: That's right, immigrants moved into this country and at 65 got SSI
Social Security. The Democratic Party gave that to them although they never
paid a dime into it.
Then, after doing all this, the Democrats turn around and tell you the
Republicans want to take your Social Security.
And the worst part about it is, people believe it!
Pass it on please!
2004 Election Issue This must be an issue in "04". Please! Keep it
going.
SOCIAL SECURITY: (This is worth the read. It's short and to the
point.)
Perhaps we are asking the wrong questions during election years. Our
Senators and Congress men &women do not pay into Social Security and, of
course, they do not collect from it.
You see, Social Security benefits were not suitable for persons of
their rare elevation in society. They felt they should have a special plan
for themselves. So, many years ago they voted in their own benefit plan.
In more recent years, no congressperson has felt the need to change
it. After all, it is a great plan.
For all practical purposes their plan works like this: When they
retire, they continue to draw the same pay until they die, except it may
increase from time to time for cost of living adjustments.
For example, former Senator Byrd and Congressman White and their wives
may expect to draw $7,800,000.00 (that's Seven Million, Eight-Hundred
Thousand Dollars), with their wives drawing $275,000.00 during the last
years of their lives. This is calculated on an average life span for each.
Their cost for this excellent plan is $00.00. Nada. Zilch. This little
perk they voted for themselves is free to them. You and I pick up the tab
for this plan. The funds for this fine retirement plan come directly from
the General Funds-our tax dollars at work!
From our own Social Security Plan, which you and I pay (or have paid)
into-every payday until we retire (which amount is matched by our
employer) --we can expect to get an average $1,000 per month after
retirement. Or, in other words, we would have to collect our average of
$1,000. monthly benefits for 68 years and one (1) month to equal Senator
Bill Bradley's benefits!
Social Security could be very good if only one small change were made.
That change would be to jerk the Golden Fleece Retirement Plan from
under the Senators and Congressmen. Put them into the Social Security plan
with the rest of us ... then sit back and watch how fast they would fix it.
If enough people receive this, maybe a seed of awareness will be
planted and maybe good changes will evolve.
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