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Keyword: fica

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  • Some Receipts, Outlays, and Balances of the United States Government

    08/10/2015 2:26:18 PM PDT · by WilliamofCarmichael · 3 replies
    Federal government agencies ^ | August 10, 2015 | williamofcarmichael
    Some may find this interesting and germane to today's federal budget issues.. it's data from the "Combined Statement of Receipts, Outlays, and Balances of the United States Government". Below in my reply are the data and the links. Only the first few lines of the hundreds of lines are shown.
  • Illegal immigrants could receive Social Security, Medicare under Obama action

    11/26/2014 2:40:04 AM PST · by SkyPilot · 43 replies
    Washington Post ^ | 15 Nov 14 | Karen Tumulty
    Under President Obama’s new program to protect millions of illegal immigrants from deportation, many of those affected will be eligible to receive Social Security, Medicare and a wide array of other federal benefits, a White House official said Tuesday. In his speech Thursday night, the president touted his plan as a means of bringing accountability to a broken immigration system, under which 11 million or more people are estimated to be living in this country illegally. “We’re going to offer the following deal: If you’ve with been in America more than five years. If you have children who are American citizens...
  • Inside the NSA's Ultra-Secret China Hacking Group

    06/13/2013 11:49:34 AM PDT · by Fred · 2 replies
    Foreign Policy ^ | 061013 | MATTHEW M. AID
    This weekend, U.S. President Barack Obama sat down for a series of meetings with China's newly appointed leader, Xi Jinping. We know that the two leaders spoke at length about the topic du jour -- cyber-espionage -- a subject that has long frustrated officials in Washington and is now front and center with the revelations of sweeping U.S. data mining. The media has focused at length on China's aggressive attempts to electronically steal U.S. military and commercial secrets, but Xi pushed back at the "shirt-sleeves" summit, noting that China, too, was the recipient of cyber-espionage. But what Obama probably neglected...
  • Nine Companies Tied to PRISM, Obama Will Be Smacked With Class-Action Lawsuit Wednesday

    06/11/2013 5:08:43 PM PDT · by Fred · 18 replies
    US News ^ | 61113 | Steven Nelson
    Former Justice Department prosecutor Larry Klayman amended an existing lawsuit against Verizon and a slew of Obama administration officials Monday to make it the first class-action lawsuit in response to the publication of a secret court order instructing Verizon to hand over the phone records of millions of American customers on an "ongoing, daily basis." Klayman told U.S. News he will file a second class-action lawsuit Wednesday in the U.S. District Court for the District of Columbia targeting government officials and each of the nine companies listed in a leaked National Security Agency slideshow as participants in the government's PRISM...
  • Crushed unicorn dreams: Why is my paycheck less turns to Obama vote regrets, I should have

    01/06/2013 11:42:12 AM PST · by Nachum · 30 replies
    twitchy ^ | 1/6/13 | staff
    Meet Virginia @VAisforlovas But really how am I ever supposed to pay off my student loans if my already small paycheck keeps getting smaller? Help a sister out, Obama 4 Jan 13 Reply Retweet Favorite Oh, dear. The harsh reality of crushed unicorn dreams and the bitter smell of regret. As Twitchy reported, Americans started noticing that Obamas fair share claims werent so fair and many were shocked shocked that their first paychecks of the year were smaller. Jessica Lynn @gekka_88 I have a friend who voted for Obama publicly complaining about the new #SS tax raise. I...
  • My 1st paycheck of the year was deposited today. Guess what? (vanity)

    01/05/2013 3:37:47 PM PST · by ReaganberAlles · 67 replies
    It's smaller.... not a terrible amount but maybe a tank of gas a month or so, maybe more, maybe less. The Social Security tax break was allowed to expire apparently. Thank goodness,.. we all know what a great system S.S. is. This is the deal that Obama wanted and the deal we got. Check your paychecks,.... if you're lucky enough to receive one in Obama's "robust" economy,...see what you find. It's nice to know that I am one of the "rich" now. I guess if Obama can't define you as rich, then he just defines rich Plus, as a...
  • The 47% have no idea how much healthcare reform will cost them

    11/25/2012 3:45:32 PM PST · by plain talk · 109 replies
    MedCity News ^ | November 5, 2012 | Jane Orient
    It may be unpopular to say so, but it is true: the U.S. is very close to, if not past, the tipping point at which the majority of the people are net beneficiaries of big government or so they think. People who receive a check from the government may see voting for a smaller government as contrary to their best interest. If they dont pay taxes, why should they care about a tax increase? Perceptions are, however, deceiving.Healthcare reform, as the (Un)Affordable Care Act (ObamaCare) is billed, probably shows more clearly than anything else how most Americans, including Romneys...
  • Your Paycheck in 2012 - After Stealing from Social Security

    01/07/2012 8:21:16 AM PST · by Kaslin · 6 replies ^ | January 7, 2011 | Political Calculations
    >How much money will you really take home from your paycheck in 2012? To find out, we've created the toolhere so you can run the numbers that matter the most for you! In addition to finding out how much money Uncle Sam will be taking straight out of your paycheck for income tax withholding and FICA (which we've broken down into your Social Security and Medicare tax components), our tool will also work in your 401(k) or 403(b) retirement plan contributions, as well as the effect of any flexible spending account arrangements you may have set up through your employer....
  • To congressional Republicans: How to reverse your Social Security payroll Tax Cut train wreck

    12/24/2011 10:04:36 AM PST · by sickoflibs · 68 replies · 1+ views
    December 24, 2011 | sickoflibs
    This latest reversal (and surrender) by Boehner in the house isnt a surprise to me. It has been clear to me that while Obama is planning and executing a re-election strategy that depends on making you congressional Republicans look incompetent at best and evil-minded at worst, you seem to plod aimlessly along with absolutely no plan just assuming you will win automatically while helping Obamas re-election campaign. How can you Republicans turn this around and put Democrats and Obama on the defensive? First, accept that you cant sell the idea that the FICA/SS tax cuts must be paid for now....
  • GOP freshman: McConnell 'ran over us'

    12/23/2011 11:59:40 AM PST · by rabscuttle385 · 103 replies
    The Hill, Washington, DC ^ | 2011-12-23 | Jonathan Easley
    Freshman Tea Party Rep. Trey Gowdy (R-S.C.) is incensed that Republicans caved in the payroll-tax debate, and is putting the blame squarely on Senate Minority Leader Mitch McConnell (R-Ky.). I dont think theres a revolt with respect to Speaker Boehner, Gowdy said Thursday night on Foxs "Your World With Neil Cavuto." "I think the license tag of the truck that just ran over us has Kentucky license tags. For the life of me, I cannot understand when the Senate is going to find something they care enough about to stand on policy and principle.Last week, the Senate overwhelmingly passed a...
  • Biggest Middle Class Tax Increase in History Will Come in Five Months

    08/02/2011 1:56:32 PM PDT · by JerseyHighlander · 17 replies · 1+ views
    Zerohedge ^ | 08-02-2011 | Bruce Krasting
    Biggest Middle Class Tax Increase in History Will Come in Five Months There is one aspect of the final debt deal from DC that took me by surprise. I was convinced the 2% reduction in payroll taxes would be extended through 2012. On July 12th I wrote about this and got it completely wrong. Not only did I think there would be a one year extension of the existing holiday; I forecast that the subsidy would actually be increased. I was steered in the wrong direction by the Boss himself. On July 11th Obama stated: I want to be crystal...
  • Obamas Social Security Hoax: The president will demagogue Social Security as his ticket to...

    03/12/2011 1:53:02 PM PST · by neverdem · 44 replies
    NATIONAL REVIEW ONLINE ^ | March 11, 2011 | Charles Krauthammer
    Obama's Social Security HoaxThe president will demagogue Social Security as his ticket to reelection. Everyone knows that the U.S. budget is being devoured by entitlements. Everyone also knows that of the Big Three — Medicare, Medicaid, and Social Security — Social Security is the most solvable. Back-of-an-envelope solvable: Raise the retirement age, tweak the indexing formula (from wage inflation to price inflation), and means-test so that Warren Buffett’s check gets redirected to a senior in need. The relative ease of the fix is what makes the Obama administration’s Social Security strategy so shocking. The new line from the White House...
  • Unequally Yoked | Social Security and the Working Class

    05/08/2011 11:14:55 AM PDT · by NaturalBornConservative · 11 replies
    Natural Born Conservative ^ | May 7, 2011 | Larry Walker, Jr.
    Public vs. Private Sector Inequities~ By: Larry Walker, Jr. ~Did you know that most state and local government employees are exempt from Social Security taxes? Millions of Americans who are covered by state or local retirement plans do not pay into the Social Security system. If Social Security is such a great plan, then why are 17,738,156 [1] state and local government workers exempt? Why does the federal government continue to legally bind the rest of us to a sinking ship? This isnt 1933 anymore. The time for change is now. Social Security is the biggest fraud in American history.There...
  • Obsolete Government Programs, Part 2 | Medicare

    04/21/2011 9:51:37 PM PDT · by NaturalBornConservative · 13 replies
    Natural Born Conservative ^ | April 21, 2011 | Larry Walker, Jr.
    You Paid How Much For Medicare?~ By: Larry Walker, Jr. ~Medicare is a social insurance program administered by the United States government, providing health insurance coverage to people who are aged 65 and over, or who meet other special criteria. Some say that Medicare operates similar to a single-payer health care system, but with one key exception: Medicare Part A, the part that we pay for all of our working lives, only provides hospital insurance, and it doesn't kick in until after the age of 65. Thus, Medicare is more akin to an excessively expensive, mandatory, long-term health care plan...
  • Obsolete Government Programs, Part 1 | FICA

    04/21/2011 9:46:19 PM PDT · by NaturalBornConservative · 10 replies
    Natural Born Conservative ^ | April 20, 2011 | Larry Walker, Jr.
    "Free at last! Free at last! Thank God Almighty, we are free at last!" ~ MLK, Jr.~ By: Larry Walker, Jr. ~Are Social Security Benefits an Inalienable Right? ~The Federal Insurance Contributions Act (FICA) is codified at Title 26, Subtitle C, Chapter 21 of the United States Code. The FICA tax is a United States payroll (or employment) tax imposed by the federal government on both employees and employers to fund Social Security and Medicare federal programs that provide benefits for retirees, the disabled, and children of deceased workers. Social Security benefits include old-age, survivors, and disability insurance (OASDI); Medicare...
  • Big Trouble in the Little Social Security Payroll Tax Cut

    03/25/2011 1:22:56 PM PDT · by unspun · 20 replies · 1+ views
    Gulag Bound ^ | 3/25/2011 | Kelleigh Nelson
    Those of you still collecting a paycheck should have noticed an increase in what you took home starting in January of 2011. Unless you got a raise, you might not notice the difference. However, we did, and when my husband asked the payroll department at his company what caused the difference, all they could tell him was the tax rates were different. Of course I immediately wondered what was done, but could find no answers. Then my husband came across a small article in our local paper taken from the Wall Street Journal that told about the social security rate...
  • Making a Success of Sports Events Will Contribute to Defeat of Terrorism

    02/20/2010 10:20:10 PM PST · by Cindy · 5 replies · 263+ views
    SOUTH ASIA ANALYSIS GROUP - Paper No. 3674 ^ | February 19, 2010 | by B. Raman
    SNIPPET: "Three prestigious global sports events are scheduled to take place in India between now and the end of the year---the World Cup Hockey, the IPL Cricket League and the Commonwealth Games. 2. These events will atract the attention of not only the sports enthusiasts of the world, but also of the terrorists with a global or an anti-Indian agenda who will look upon the events as an opportunity to publicise their cause and to demonstrate their capability to take the intelligence and security agencies by surprise. Even if they are not able to carry out any terrorist strike on...
  • FICA sweats as IPL3 faces terror threat from Taliban

    02/07/2010 1:53:09 AM PST · by Cindy · 2 replies · 417+ views
    THE TIMES OF INDIA ^ | TNN, 7 February 2010, 12:08am IST | n/a
    NEW DELHI: The Federation of International Cricketer's Association (FICA) once again raised the issue of security during the upcoming Indian Premier League (IPL). FICA president Tim May, a former Aussie cricketer, told TOI on Saturday that foreign players urgently needed information on security arrangements during IPL because independent Australian security experts have told FICA that the T20 event faces threat from terror outfits, including Taliban. "We have generic inputs from an independent security agency in Australia that Taliban, a couple of other right wing and terrorist groups could be a threat to the IPL and we are really concerned about...
  • US Colleges Say Hiring US Students a Bad Deal

    08/13/2009 4:46:27 PM PDT · by Clint Williams · 19 replies · 786+ views
    Slashdot ^ | 8/13/9 | CmdrTaco
    theodp writes "Many US colleges and universities have notices posted on their websites informing US companies that they're tax chumps if they hire students who are US citizens. 'In fact, a company may save money by hiring international students because the majority of them are exempt from Social Security (FICA) and Medicare tax requirements,' advises the taxpayer-supported University of Pittsburgh (pdf) as it makes the case against hiring its own US students. You'll find identical pitches made by the University of Delaware, the University of Cincinnati, Kansas State University, the University of Southern California, the University of Wisconsin, Iowa State...
  • Congressman Roscoe Bartlett Urges Income and FICA Tax Holiday as Fastest, Most Effective Stimulus

    01/09/2009 2:17:40 PM PST · by Sgt_Schultze · 21 replies · 895+ views ^ | 8 Jan 2009 | Congressman Roscoe Bartlett
    Congressman Roscoe Bartlett Urges Income and FICA Tax Holiday as Fastest, Most Effective Stimulus Responds to Speech by President-elect Obama One of 53 Co-sponsors of H.R. 143 The fastest way to put more money in working peoples pockets and create jobs would be approving the legislation I support for a two-month holiday of personal income and FICA taxes, said Congressman Roscoe Bartlett today. People will spend their own money more wisely and more efficiently than government bureaucrats. Congressman Bartlett made the comments in response to a major economic policy speech by President-elect Barack Obama. Congressman Bartlett said, The Congressional Budget...
  • S-Corp rule changes: any CPAs been hearing this at seminars? (semi-vanity)

    11/14/2008 8:59:18 AM PST · by laxcoach · 33 replies · 2,781+ views
    laxcoach's CPA
    My CPA has been warning me about something for a couple of months. I cannot find a url source for any of this. She says that in CPA seminars they have been telling her that s-corp rules will change with 2 years. Here is the background. S-corps are used by most small businesses to limit personal liability and to take some income as dividend disbursements in order to avoid FICA/Medicare (13% after tax write offs). According to the seminar leaders, the ways and means committee in the house is working towards making s-corp dividend disbursements subject to FICA/Medicare under the...
  • Obama's Latest Proposal to Increase Taxes

    06/19/2008 8:23:45 AM PDT · by Kaslin · 37 replies · 48+ views
    American Thinker ^ | June 19, 2008 | Nicholas J. Kaster
    Barack Obama has unveiled his plan for saving Social Security and it consists, unsurprisingly, of a massive tax increase. In addition to his plans for raising tax rates on capital gains and dividend income and repealing the Bush tax cuts, Obama now proposes to increase the amount of income subject to Social Security payroll (FICA) taxes. Under current law, Social Security taxes (6.2% for both employers and employees) are imposed on income up to $102,000, which is indexed for inflation in future years. Obama claims that it is unfair for middle-class earners to pay the Social Security tax "on every...
  • Help! Social Security says I don't exist?

    12/07/2007 9:03:41 PM PST · by BellStar · 59 replies · 86+ views
    12/07/07 | BellStar
    I went to get a new S.S. card and was told I don't exist.
  • Entitled to specific answers (Social Security)

    11/13/2007 11:58:53 PM PST · by 2ndDivisionVet · 14 replies · 355+ views
    The best specific Social Security reform proposal by a 2008 presidential candidate comes from Republican Fred Thompson by default. That's because the plan the former Tennessee senator released last week is the only specific Social Security proposal from any of the White House hopefuls. While the other candidates apparently are wary about going beyond generalities and some not even that far on this thorny issue, the next Oval Office occupant won't be able to responsibly duck the tough choices required to save Social Security. President Bush repeatedly tried and failed to implement such reform through...
  • Giuliani Willing to Consider Raising Social Security Taxes

    09/26/2007 5:00:32 PM PDT · by 2ndDivisionVet · 40 replies · 145+ views
    U.S. News & World Report ^ | September 26, 2007 | James Pethokoukis
    In an Associated Press interview, Rudy Giuliani refused to rule out raising taxes to save Social Security. As the AP quotes Giuliani: I am opposed to tax increases, but I would look at whatever proposal [a bipartisan panel] came up with and try to figure out how we can come up with a bipartisan way to do it. ... The reality is, I'm more concerned about Medicare and Medicaid than I am with Social Security, because I'm pretty sure we can solve Social Security. Putting aside for the moment the fact that either raising taxes or cutting benefits makes Social...
  • Economics Is Not For Actuaries (Or Best Plan Is To Do Nothing About Social Security Now)

    01/02/2007 7:05:29 AM PST · by shrinkermd · 22 replies · 843+ views
    Wall Street Journal ^ | 2 January 2006 | George Gilder
    ...Nothing good is going to come from political haggling over some hypothetical Social Security crisis decades in the future, when our economy will be vastly different and hugely more productive. From the completion of a worldwide fiber-optic broadband Internet to cornucopian energy and medical advances, the global economy is engaged in a siege of accelerating innovation that will unify it and enrich it increasingly as time passes. But no legislative reshuffling of taxes and spending today will enhance the economy's ability to support medical care, housing and transport for the aged in the future. That will depend not on actuarial...
  • The Payroll Tax Trap (Otherwise Known As Rescuing Social Security)

    12/27/2006 6:02:53 AM PST · by shrinkermd · 149 replies · 2,364+ views
    Wall Street Journal ^ | 27 December 2006 | staff
    ...What liberals dearly want is to raise the payroll tax cap. Under current law, Americans pay a 12.4% Social Security tax on all wages up to $94,200 in 2006, and the cap rises each year with inflation. (There is also an uncapped 2.9% Medicare payroll tax on top of that.) So why not lift the cap a little more, say the taxers, perhaps to $150,000 if the trade-off is benefit cuts that will prevent even larger tax increases in the future? One answer is that Social Security was always meant to be run like a pension program where the taxes...
  • An Irresponsible President

    05/08/2006 4:00:34 PM PDT · by edpc · 53 replies · 1,482+ views
    The Washington Post ^ | Monday, May 8, 2006 | Editorial
    An Irresponsible President Deficits? Let the next White House worry. SHEER COINCIDENCE: Last Monday, the Social Security and Medicare trustees released their annual depressing report. On Tuesday, congressional negotiators handed President Bush a "victory" -- his assessment -- in agreeing to extend his capital gains and dividend tax cuts. Mr. Bush and his fellow tax-cuts-above-all proponents would like you to believe that the two events are unrelated. But taken together they underscore the terrible fiscal predicament that Mr. Bush has chosen to bequeath to his successor. According to the new estimates, the Social Security trust fund will be depleted in...
  • Workers Have Retirement 'Overconfidence'

    04/04/2006 8:13:53 AM PDT · by libertarianPA · 138 replies · 2,663+ views
    Yahoo! News ^ | 4/4/06 | EILEEN ALT POWELL
    NEW YORK - The majority of American workers think they'll be able to retire comfortably, but most aren't saving nearly enough to meet that goal, according to a new study. The Employee Benefit Research Institute's annual retirement confidence survey, released Tuesday, found that about 68 percent of workers are confident about having adequate funds for a comfortable retirement, up slightly from 65 percent in 2005. At the same time, more than half of all workers say they've saved less than $25,000 toward retirement, according to the Washington, D.C., based research group. Even among workers 55 and older, more than four...
  • Millions to Receive Social Security Boost

    10/14/2005 8:11:04 PM PDT · by El Conservador · 11 replies · 484+ views
    Yahoo! News ^ | October 14, 2005 | MARTIN CRUTSINGER
    WASHINGTON - Social Security checks for nearly 50 million Americans are going up next year an average of $39 a month, the biggest boost in 15 years, although rising energy bills and higher Medicare premiums will erase a big chunk of the gain for many. The 4.1 percent cost of living adjustment announced Friday by the Social Security Administration is the biggest increase since a 5.4 percent gain in 1991. Last year's increase was 2.7 percent. The average Social Security check will increase from $963 to $1,002 in January. Rising energy prices, including a record-breaking surge in September, were the...

    04/18/2005 9:30:29 AM PDT · by witchypooy · 189 replies · 3,851+ views
    IT'S YOUR PAYCHECK - KEEP IT ALL FAIRTAX CALCULATOR HR25/S25 Now that April 15 is past, it's time to tally up the tax score. Go to the FairTax calculator, and using 2004 figures, figure out (anonymously) what you would have spent in 2004 in taxes if we had the FairTax, the simple, honest, and progressive national retail sales tax, instead of our current complex income tax/FICA tax system. TOTAL INCOME TAX + TOTAL FICA = TOTAL FAIRTAX : For your household, please remember to make an honest and accurate comparison. FairTax will fund social security and medicare with 1/3...
  • Social Security - America's Ticking Time Bomb

    05/13/2005 8:40:26 PM PDT · by Jaysun · 8 replies · 313+ views
    <self> | 5/13/2005 | Jaysun
    I just watched a panel of economist, professors, researchers, and financial experts discuss what should be done to solve the financial woes of Social Security. All of them, to my surprise, agree that private accounts do not correct Social Securitys solvency problem. Theyre wrong. Those arguing either for or against private accounts seemed to be divided in two categories. The advocates were quick to point out the greater potential gains that could be made in the market, the value of ownership, and the overall benefits to the economy. The detractors were quick to point out that the market isnt a...
  • Social Security: Another Reform Idea

    03/03/2005 2:35:27 PM PST · by Richie Rich · 1 replies · 160+ views
    Bizblogger ^ | 03/03/05 | Richie Rich
    Theres been so much Social Security reform talk recently that Im skeptical about adding another idea to the discussion. However, I have had a reform idea for at least five years and wanted to share it as an alternative piece of reform that no one has mentioned or at least I havent heard it yet. There are only two ways to fix the Social Security unfunded liability shortfall. We can either increase the systems revenue or reduce the liabilities. Thats it. Im in favor of private accounts, but theyre just a sweetener to offset the obvious planned reductions in...
  • Myth Illogical [CATO institute takes a look at claims from AARP about Social Security]

    03/03/2005 5:47:22 AM PST · by TaxRelief · 18 replies · 633+ views
    Cato Institute ^ | Originally published Feb, 24 2005 | Alan Reynolds
    The AARP (American Association of Retired Persons) claims to represent seniors, but more often it just lectures (them) relentlessly.(snip)(In) "Myths and Truths About Social Security" by "the magazine's Social Security expert" Karen Westerberg Reyes, I was not surprised to find their expert audaciously redefining truths as myths and myths as truths. Even the undeniable truth that "private accounts will give individuals more control" is magically redefined as a myth. Why? "People already have control over their money when they invest in private pensions, IRAs and 401(k) plans." Well, some people have employer-provided pensions, but most do not. Many could invest...
  • White House Denies It Plans To Cut Social Security Benefits

    01/05/2005 2:56:13 PM PST · by Tolerance Sucks Rocks · 14 replies · 544+ views
    GOPUSA ^ | January 5, 2005 | Jeff Gannon
    WASHINGTON (Talon News) -- The White House spent much of the day Tuesday responding to a Washington Post report that claimed it would cut Social Security benefits as part of a reform plan. The article said that the Bush administration informed key Republicans of the benefits reduction. The reductions would be the result of a change in the formula that sets initial Social Security benefit levels. The proposal would calculate first-year benefits for retirees using inflation rates rather than the rise in wages over a worker's lifetime. Since wages have historically tended to rise much faster than inflation, the new...
  • The Social Security Shell Game

    12/02/2004 4:47:36 PM PST · by etradervic · 28 replies · 920+ views
    NeoVista ^ | 12/02/2004 | Bob Gonzalez
    Most Americans believe that the problem with Social Security is that Government is pilfering annual surpluses from the Social Security Trust Fund. They are only partially right. While it is true that the Government is financially injuring Americans through mismanagement of a poorly designed Federal program, there is no Social Security Trust Fund to pilfer. An amendment to Social Security in 1939, introduced the language of a Trust Fund. However, a true Trust Fund was never established by Congress. Americans have no legal claim to any assets in consideration of their years of supposed investment in Social Security. In fact,...

    10/23/2004 6:21:49 PM PDT · by CHARLITE · 2 replies · 318+ views
    Social Security: The Real Risks By Peter Ferrara on 10/20/2004 This op/ed was originally published in the New York Post. John Kerry's bitter denunciations of President Bush over Social Security are craven, opportunistic and false. Worse yet, Kerry's approach to the program's crisis risks disaster. Kerry charges that Bush secretly plans to cut benefits or hike Social Security taxes to fund his "scheme" to privatize the program. In fact, Bush has spelled out seven principles of reform, including no tax hikes or benefit cuts. Kerry's claim that Bush's plan will cost trillions is another canard. Consider just one plan ...

    10/20/2004 5:54:52 AM PDT · by OESY · 13 replies · 513+ views
    New York Post ^ | October 20, 2004 | PETER FERRARA
    John Kerry's bitter denunciations of President Bush over Social Security are craven, opportunistic and false. Worse yet, Kerry's approach to the program's crisis risks disaster. Kerry charges that Bush secretly plans to cut benefits or hike Social Security taxes to fund his "scheme" to privatize the program. In fact, Bush has spelled out seven principles of reform, including no tax hikes or benefit cuts. Kerry's claim that Bush's plan will cost trillions is another canard. Consider just one plan which the White House has stated is consistent with all the president's principles: ...the legislation recently introduced by Rep. Paul...
  • About That $3 Trillion: It's Not Government Spending!

    10/19/2004 5:09:10 PM PDT · by jfreif · 2 replies · 286+ views
    Freedom Works ^ | October 18, 2004 | Dick Armey
    Senator John Kerry and some of his friends in the liberal media echo chamber are claiming that President Bush's plans to make tax cuts permanent and to create Personal Retirement Accounts for Social Security will 'cost' taxpayers a total of $3 trillion. That couldn't be more wrong! Once again, the Big Left has it completely backwards-$1 trillion in tax relief is not government spending. Making the President's tax cuts permanent lets American taxpayers keep more of the money they earn. That's as pro-taxpayer as you can get. Further, making this tax relief permanent will undoubtedly spur economic growth and job...
  • Privatizing Social Security

    09/28/2004 7:27:13 AM PDT · by The Great Yazoo · 41 replies · 1,529+ views ^ | September 28, 2004 | Thomas Sowell
    Would you sign a contract that enabled the other party to change the terms of that contract at will, while you could neither stop him nor make any changes of your own? Probably not. Yet that is exactly what happens when you pay money into Social Security. No matter what you were promised or at what age you were supposed to get it, the government can always pass a new law that changes all of that. But you still have to pay into the system. A private annuity plan run by an insurance company is legally required to pay you...
  • I an living on your SS and my savings

    09/20/2004 6:09:21 AM PDT · by Global_Warming · 37 replies · 1,343+ views
    Do you have any idea how liberals think. If not go to the AARP message boards. Hear is a sample of that think about SS. Web address is: _______________________ Current Issues - The Numbers Are Growing! Question: Why is my statement "I am living on your SS and my saving" so offensive to you. Answer: Because the man you support as President and/or the ideals you embrace politically, completely contradict the views of one who proclaim's that such programs, as social security, are an an unnecessary or unfair drain of taxes, a burden to the conservative or libertarian club...
  • How Social Security Cheats You to Pay the Rich

    02/05/2004 1:34:38 AM PST · by UCSC Republican · 101 replies · 369+ views
    MSN Money ^ | 4 February 2004 | Liz Pulliam Weston
    What would you think of a tax system that took money from the poor to give to the rich? Thats essentially whats happening with our Social Security and Medicare tax system, where low-income workers are dunned to pay benefits for high-income seniors.
  • Workers expecting the worst on retirement benefits

    02/04/2004 11:46:27 PM PST · by lewislynn · 177+ views
    Feb. 4, 2004, 10:41PM Workers expecting the worst on retirement benefits Associated Press NEW YORK-- Workers expect employers to cut more of their retirement benefits, and three-quarters of companies have either done so or plan to, a new survey says. More than 40 percent of the employers queried have reduced medical benefits for workers who will retire in the future and an additional 35 percent said they are likely to do so, according to the survey released Wednesday by personnel consulting firm Towers Perrin. More than two-thirds of the employers said they have shifted more medical costs to their current...
  • Our Social Security and the Washington DC Elite.

    01/20/2004 12:52:06 PM PST · by Joe Hadenuf · 24 replies · 185+ views
    1-20-04 | Joe Hadenuf
    I received this from a good friend. Something everyone should read. This is very interesting and something that even those of us not collecting now should look at seriously. 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: SOCIAL SECURITY: (This is worth the read. Its short and to the point.) Perhaps we are asking the wrong questions during...
  • Bid to change Social Security is back

    11/23/2003 6:40:24 AM PST · by yoe · 3 replies · 99+ views
    The Washington Post ^ | November 22, 2003 | Mike Allen
    President Bush's aides are reviving his long-shelved plan to let workers divert some Social Security taxes into stocks as a reelection issue, gambling that market drops have not soured voters on the politically risky idea. Republicans on Capitol Hill have refused to touch his 2000 campaign proposal to overhaul the nation's largest domestic program, and some of his allies remain leery of pushing an issue that Democrats have long used to woo senior citizens by charging "privatization." Bush aides said he will make the longtime conservative goal more palatable by discussing changes to Social Security as part of a set...
  • Subject: Who taxed Social Security?

    07/31/2003 6:58:04 AM PDT · by SheLion · 34 replies · 827+ views
    Unknown | 7-31-03
    Subject: Who taxed Social Security? 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 party took Social Security from an independent fund and put it in the general fund so that Congress could spend it? A: It was Lyndon Johnson and the Democratic-controlled House and Senate. Q: Which party put a tax on Social Security? A: The...