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History Lesson on Your Social Security Card

Sunday, March 30, 2014 17:35
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(Before It's News)

Dick Kantenberger
Gifted Education Writer
Examiner.com
History Lesson on Your Social Security Card
Just in case some of you young whippersnappers (and some older ones) didn’t know this.
It’s easy to check out, if you don’t believe it. Be sure and show it to your family
and friends. They need a little history lesson on what’s what and it doesn’t matter
whether you are Democrat or Republican. Facts are Facts.

Social Security Cards up until the 1980s expressly stated the number and
Card were not to be used for identification purposes.
 Since nearly everyone in the
United States now has a number, it became convenient to use it anyway and the
message, NOT FOR IDENTIFICATION was removed.
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 in went to 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:



Source: http://nesaranews.blogspot.com/2014/03/history-lesson-on-your-social-security.html

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