You're still one up on me Abe. Since I was 15 they've been taking with both hands.
For America to survive as we know her, the income tax must be eliminated.
Just think what her deceased husband could have done with his hard-earned income over his decades of work if he had been able to take those SS taxes and invest them in the company pension plan.
Gad, I wish the would "let my people go" from this daily-looted ponzi scheme.
About one-third of Americans 65 and older count on Social Security for 90 percent or more of their income
The government, and the politicians that run it, has gained more power over us as more Americans depend on it for their income. We have slowly sacrificed our independence for the promise of future care as we grow old. As a result, we have become wards of the socialist state in our contract with them called Social Security.
1. Freeze congressional salaries and benefits, as well as staff size for the next 10 years.
2. Keep the promise to seniors for SS payments who are on it now, and those who are 50 or older as of 1/1/04 and want to be a part of this bad investment.
3. Exempt folks in category #2 above who have a current net worth of over $1M. They must continue to pay (if working) taxes into the system, but they will never see any of it in benefits.
4. Allow singles still in the SS scheme to elect a beneficiary to receive (in one non-taxable lump sum) exactly what they put into the system if the taxpayer dies before they are eligible to receive benefits.
5. Raise eligibility age to 67.
4. Allow those under 50 as of 1/1/04 to extract themselves completely, requiring them to place the equivalent amount (pre-tax) of what they would have paid in SS taxes into any sound investment instrument of their choosing via direct deposit or other transfer.