Posted by
Sue on Monday, September 21, 2009 2:03:15 PM
09/21/2009 10:52 am PST
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If there is anyone out there that doesn't know this, this is the best visual presentation
I ever saw.... Now don't be mad at old people, just remember who did this.......
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Our Social Security
Franklin Delano Roosevelt (Terms of Office March 4, 1933, to April 12, 1945), aDemocrat, 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 taxedon 85% of the money we paid to the Federal government to 'Put Away' -- you may be interested in what follows:
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