Wednesday, August 18, 2010

Important ...did YOU know?

Dark and best kept secrets about Our Social Security.



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%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,



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%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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