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To: HankReardon
"You do not cut the premium payment on someone simply because they pay no other "tax" that can be cut. I don't get it? the people that pay no federal tax are wanting a tax cut? Who's taking the dummy pills? Isn't true the Social Security system is in peril? Cutting the premiums can only imperil it further. Of course the Dems want SS to fail so the Gov. can then step in and save the people. The ol' create a crisis then be the savior ploy."

Look, all I'm saying is that it's a slap in the face for folks who receive social security checks to have their money taxed yet again! It's not only STUPID, but an idiotic stupid political move.
55 posted on 01/02/2003 7:20:49 PM PST by demkicker
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To: demkicker
The way I understand it is that Clinton raised the amount of a person's SS payment could be subject to federal tax. If Bush would simply repeal that raise it would do wonders for him politically. Now, is the SS payment taken out of your check taxed when you earned it? No, it was not taxed at that time. It's like my IRA, I pay $3,000 per year and do not pat tax on that amount of income at that time, I'll pay taxes on that as I withdraw on it. Am I wrong?
58 posted on 01/02/2003 7:27:37 PM PST by HankReardon
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