Real Estate Blog

Don't Let a New Tax in the Dor

January 5th, 2010 12:22 PM by Sherry Lee

Here’s why you can't let a new tax get a toe-in-the-door, such as a new tax for TriRail. A new tax always starts small but becomes big - - - examples are the Health Care District, the Children’s Services Council, the South Florida Water Management District, and U.S. Social Security:

Your Social Security

Younger people need to see this. They need a little history lesson on what's what and it doesn't matter whether you are Democrat or Republican. Facts are Facts. It's easy to check out, if you don't believe it.

Franklin Roosevelt, introduced the Social Security (FICA) Program. He promised:

1.) That participation in the Program would be Completely voluntary,

No longer Voluntary

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

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

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, Under Johnson the money was moved to

The General Fund and Spent

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

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:

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Q: When was Social Security removed from the independent 'Trust Fund' and put it into the
general fund so that Congress could spend it?

A: The 1960s under Lyndon Johnson

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Q: Which Political Party eliminated the income tax deduction for Social Security (FICA) withholding?

A: The Democratic Party.

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Q: When did the federal government start taxing Social Security annuities?

A: Al Gore cast the 'tie-breaking' deciding vote as President of the Senate, while he was Vice President of the US

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Q: When did the federal government start giving annuity payments to immigrants?

A: In the 1970s under Jimmy Carter. Immigrants moving into this country, at age 65,
began to receive Social Security payments, even though they never paid a dime into it!

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A government big enough to give you everything you want, is strong enough to take everything you have.
-Thomas Jefferson

Posted in:General
Posted by Sherry Lee on January 5th, 2010 12:22 PM



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