Dark and best kept secrets about Our Social Security.
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%26gt;
%26gt; Franklin Roosevelt, a Democrat, introduced the Social
%26gt; Security (FICA) Program. He promised:
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%26gt; 1.) That participation in the Program would be
%26gt; Completely voluntary,
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%26gt; 2.) That the participants would only have to pay
%26gt; 1% of the first $1,400 of their annual
%26gt; Incomes into the Program,
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%26gt; 3.) That the money the participants elected to put
%26gt; into the Program would be deductible from
%26gt; their income for tax purposes each year,
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%26gt; 4.) That the money the participants put into the
%26gt; Independent "Trust Fund" rather than into the
%26gt; General operating fund, and therefore, would
%26gt; only be used to fund the Social Security
%26gt; Retirement Program, and no other
%26gt; Government program, and,
%26gt;
%26gt; 5.) That the annuity payments to the retirees
%26gt; would never be taxed as income
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%26gt; Since many of us have paid into FICA for years and are
%26gt; now receiving a Social Security check every month --
%26gt; and then finding that we are getting taxed on 85% of
%26gt; the money we paid to the Federal government to "put
%26gt; away" -- you may be interested in the following:
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