LULZ

Morganton, NC

#2 Feb 25, 2013
I wish I could plant a seed to make you disappear.
that guy

United States

#4 Feb 25, 2013
Lulz don't you have an imaginary salary to donate ?
Obamememe Voter

Asheville, NC

#5 Feb 25, 2013
Nobody Rumppumps better than a queer liberal or a gay democrat they love that shit!
Willie Joyce KVK1

Burnsville, NC

#7 Feb 26, 2013
Obamememe Voter wrote:
Nobody Rumppumps better than a queer liberal or a gay democrat they love that shit!
Stay in the closet and quit bragging.
Buckwheat

Burnsville, NC

#8 Feb 26, 2013
You are just upset that the black welfare leeches that elected Oblooga will be getting your social security dollars to spend on Kools, Colt.45, lottery tickets and crack cocaine. It's cheaper than having them riot and burn down the ghetto.
Myth Buster

Candler, NC

#9 Feb 26, 2013
Myth 1:
President Roosevelt promised that participation in the program would be completely voluntary

Persons working in employment covered by Social Security are subject to the FICA payroll tax. Like all taxes, this has never been voluntary. From the first days of the program to the present, anyone working on a job covered by Social Security has been obligated to pay their payroll taxes.

In the early years of the program, however, only about half the jobs in the economy were covered by Social Security. Thus one could work in non-covered employment and not have to pay FICA taxes (and of course, one would not be eligible to collect a future Social Security benefit). In that indirect sense, participation in Social Security was voluntary. However, if a job was covered, or became covered by subsequent law, then if a person worked at that job, participation in Social Security was mandatory.

There have only been a handful of exceptions to this rule, generally involving persons working for state/local governments. Under certain conditions, employees of state/local governments have been able to voluntarily choose to have their employment covered or not covered.

Myth 2:
President Roosevelt promised that the participants would only have to pay 1% of the first $1,400 of their annual incomes into the program

The tax rate in the original 1935 law was 1% each on the employer and the employee, on the first $3,000 of earnings. This rate was increased on a regular schedule in four steps so that by 1949 the rate would be 3% each on the first $3,000. The figure was never $,1400, and the rate was never fixed for all time at 1%.

Myth 3:
President Roosevelt promised that the money the participants elected to put into the program would be deductible from their income for tax purposes each year

There was never any provision of law making the Social Security taxes paid by employees deductible for income tax purposes. In fact, the 1935 law expressly forbid this idea, in Section 803 of Title VIII.

Myth 4:
President Roosevelt promised that the money the participants paid would be 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

There has never been any change in the way the Social Security program is financed or the way that Social Security payroll taxes are used by the federal government.

The Social Security Trust Fund was created in 1939 as part of the Amendments enacted in that year. From its inception, the Trust Fund has always worked the same way. The Social Security Trust Fund has never been "put into the general fund of the government."

Most likely this myth comes from a confusion between the financing of the Social Security program and the way the Social Security Trust Fund is treated in federal budget accounting. Starting in 1969 (due to action by the Johnson Administration in 1968) the transactions to the Trust Fund were included in what is known as the "unified budget." This means that every function of the federal government is included in a single budget. This is sometimes described by saying that the Social Security Trust Funds are "on-budget." This budget treatment of the Social Security Trust Fund continued until 1990 when the Trust Funds were again taken "off-budget." This means only that they are shown as a separate account in the federal budget. But whether the Trust Funds are "on-budget" or "off-budget" is primarily a question of accounting practices--it has no affect on the actual operations of the Trust Fund itself.
Myth Buster

Candler, NC

#10 Feb 26, 2013
Myth 5:
President Roosevelt promised that the annuity payments to the retirees would never be taxed as income

Originally, Social Security benefits were not taxable income. This was not, however, a provision of the law, nor anything that President Roosevelt did or could have "promised." It was the result of a series of administrative rulings issued by the Treasury Department in the early years of the program.(The Treasury rulings can be found elsewhere on our website.)

In 1983 Congress changed the law by specifically authorizing the taxation of Social Security benefits. This was part of the 1983 Amendments, and this law overrode the earlier administrative rulings from the Treasury Department.
Myth Buster

Candler, NC

#11 Feb 26, 2013
Myth 6
Which political party took Social Security from the independent trust fund and put it into the general fund so that Congress could spend it?

There has never been any change in the way the Social Security program is financed or the way that Social Security payroll taxes are used by the federal government. The Social Security Trust Fund was created in 1939 as part of the Amendments enacted in that year. From its inception, the Trust Fund has always worked the same way. The Social Security Trust Fund has never been "put into the general fund of the government."

Most likely this question comes from a confusion between the financing of the Social Security program and the way the Social Security Trust Fund is treated in federal budget accounting. Starting in 1969 (due to action by the Johnson Administration in 1968) the transactions to the Trust Fund were included in what is known as the "unified budget." This means that every function of the federal government is included in a single budget. This is sometimes described by saying that the Social Security Trust Funds are "on-budget." This budget treatment of the Social Security Trust Fund continued until 1990 when the Trust Funds were again taken "off-budget." This means only that they are shown as a separate account in the federal budget. But whether the Trust Funds are "on-budget" or "off-budget" is primarily a question of accounting practices--it has no effect on the actual operations of the Trust Fund itself.

Myth7

Which political party eliminated the income tax deduction for Social Security (FICA) withholding?

A2: There was never any provision of law making the Social Security taxes paid by employees deductible for income tax purposes. In fact, the 1935 law expressly forbid this idea, in Section 803 of Title VIII.



Myth 8
Which political party started taxing Social Security annuities?

The taxation of Social Security began in 1984 following passage of a set of Amendments in 1983, which were signed into law by President Reagan in April 1983. These amendments passed the Congress in 1983 on an overwhelmingly bi-partisan vote.

The basic rule put in place was that up to 50% of Social Security benefits could be added to taxable income, if the taxpayer's total income exceeded certain thresholds.

The taxation of benefits was a proposal which came from the Greenspan Commission appointed by President Reagan and chaired by Alan Greenspan (who went on to later become the Chairman of the Federal Reserve).

President's Reagan's signing statement for the 1983 Amendments can also be found on our website.

Myth 9

Which political party increased the taxes on Social Security annuities?

In 1993, legislation was enacted which had the effect of increasing the tax put in place under the 1983 law. It raised from 50% to 85% the portion of Social Security benefits subject to taxation; but the increased percentage only applied to "higher income" beneficiaries. Beneficiaries of modest incomes might still be subject to the 50% rate, or to no taxation at all, depending on their overall taxable income.

This change in the tax rate was one provision in a massive Omnibus Budget Reconciliation Act (OBRA) passed that year. The OBRA 1993 legislation was deadlocked in the Senate on a tie vote of 50-50 and Vice President Al Gore cast the deciding vote in favor of passage. President Clinton signed the bill into law on August 10, 1993.
Myth Buster

Candler, NC

#12 Feb 26, 2013
Myth 10

Which political party decided to start giving annuity payments to immigrants?

Neither immigrants nor anyone else is able to collect Social Security benefits without someone paying Social Security payroll taxes into the system. The conditions under which Social Security benefits are payable, and to whom, can be found in the pamphlets available on our website.

The question confuses the Supplemental Security Income (SSI) program with Social Security. SSI is a federal welfare program and no contributions, from immigrants or citizens or anyone else, is required for eligibility. Under certain conditions, immigrants can qualify for SSI benefits. The SSI program was an initiative of the Nixon Administration and was signed into law by President Nixon on October 30, 1972.

For more FACTS go to www.ssa.gov .
Complete moron

Burnsville, NC

#13 Feb 26, 2013
This guy that calls himself Melvin is a complete and utter moron! Good job myth buster! Someone gets their facts straight! Unlike this uneducated fool who believes anything he sees online that suits is feeble mind! BOOM!
Conplete moron

Burnsville, NC

#16 Feb 26, 2013
Melvin Purvis wrote:
<quoted text>
Hey moron....What's the matter? Welfare check late??
Go to the social security website. It's all there! Yours is a typical republican response when you don't know what to say!!!! I have never collected a dime of welfare in my life!
Bubba

Four Oaks, NC

#18 Feb 27, 2013
Conplete moron wrote:
<quoted text>
Go to the social security website. It's all there! Yours is a typical republican response when you don't know what to say!!!! I have never collected a dime of welfare in my life!
And if you're under 50 years of age, you never will. Those that elect leadership that our nation now has and the worst, to re-elect, has put our nation into a tailspin that I fear will never recover.
justnuthergeezer

Johnson City, TN

#19 Feb 27, 2013
Melvin Purvis wrote:
Lesson on Your Social Security Card:
Just in case some of you 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.
An old Social Security card with the "NOT FOR IDENTIFICATION" message.
Our Social Security Franklin Roosevelt, a Democrat, 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:
----------
Q: Which Political Party took Social Security from the independent 'Trust Fund' and put it into the general fund so that Congress could spend it?
A: It was Lyndon Johnson and the democratically controlled House and Senate.
----------
Q: Which Political Party eliminated the income tax deduction for Social Security (FICA) withholding?
A: The Democratic Party.
----------
Q: Which Political Party started taxing Social
Security annuities?
A: The Democratic Party, with Al Gore casting the 'tie-breaking' deciding vote as President of the Senate, while he was Vice President of the US
----------
Q: Which Political Party decided to start giving annuity payments to immigrants?
A: Jimmy Carter and the Democratic Party. Immigrants moved into this country, and at age 65, began to receive Social Security payments! The Democratic Party gave these payments to them, even though they never paid a dime into it!
----------
Then, after violating the original contract (FICA), the Democrats turn around and tell you that the Republicans want to take your Social Security away!
And the worst part about it is uninformed citizens believe it! If enough people receive this, maybe a seed of awareness will be planted and maybe changes will evolve.


Hey Melvin, did you just enjoy getting your ass handed to you??
Lobo

Burnsville, NC

#21 Feb 27, 2013
Melvin Purvis wrote:
Who did that? Mine was true, theirs wasn't. Now, shut up, drink some more Obama-aid, get your food stamps and welfare check together, and go buy some more dope. I would tell you how stupid you are, but I'm sure you already know.
He keeps giving the same dumb response! "Shut up" "food stamps" "welfare check". Just because someone doesn't believe like him he rants and raves! It's the angry white man syndrome!

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