OFF THE WIRE
I Paid....Didn't You? Social Security.......Justice
KEEP PASSING THIS AROUND UNTIL EVERY ONE HAS READ IT.....
SOMETHING TO THINK ABOUT.
THE ONLY THING WRONG WITH THIS CALCULATION IS
THEY FORGOT TO FIGURE IN THE PEOPLE WHO DIED
BEFORE THEY COLLECTED THEIR SOCIAL SECURITY!
WHERE DID THAT MONEY GO?
Remember, not only did you contribute to Social Security, but your employer did too. It totaled 15% of your income before taxes. If you averaged only $30K over your working life, that's close to $220,500.
If you calculate the future value of $4,500 per year (yours and your employer's contribution) at a simple 5% (less than what the govt. pays on the money that it borrows), after 49 years of working you'd have $892,919.98.
If you took out only 3% per year, you'd receive $26,787.60 per year and it would last better than 30 years (until you're 95 if you retire at age 65)
and that's with no interest paid on that final amount on deposit!
If you bought an annuity and it paid 4% per year,
you'd have a lifetime income of $2,976.40 per month.
The folks in Washington have pulled off a bigger Ponzi scheme than Bernie Madhoff ever had.
Entitlement my butt, I paid cash for my social security insurance!!!!
Just because they borrowed the money,
doesn't make my benefits some kind of charity or handout!
Congressional benefits ---- free healthcare, outrageous retirement packages, 67 paid holidays, three weeks paid vacation, unlimited paid sick days, now that's welfare, and they have the nerve to call my social security retirement entitlements?
We're "broke" and can't help our own Seniors, Veterans, Orphans, and Homeless.
In the last months we have provided aid to Haiti, Chile, and Turkey.
And now Pakistan ......home of Bin Laden.
Literally, BILLIONS of DOLLARS!!!
Our retired seniors living on a 'fixed income' receive no aid, nor do they get any breaks while our government and religious organizations pour hundreds of Billions of $$$$$$'s and Tons of Food to Foreign Countries!
They call Social Security and Medicare an entitlement even though most of us have been paying for it all our working lives, and now when it's time for us to collect,
the government is running out of money.
Why did the government borrow from it in the first place?
Imagine if the *GOVERNMENT* gave 'US' the same support they give to other countries.
Sad isn't it?
99% of people won't have the guts to forward this.
I'm one of the 1% -- I Just Did.
All my friends !
Read This Crap.
Don't you wonder what's next???
ON JANUARY 1, 2012, THE US GOVERNMENT IS REQUIRING EVERYONE TO HAVE DIRECT
DEPOSIT FOR SS CHECKS.
WONDER WHY?
Subject: HR 4646
Be sure to read entire explanation
Watch for this AFTER November elections; remember this BEFORE you VOTE, in case you think Obama is looking out for your best interest.
A 1% tax on all bank transactions is what HR 4646 calls for.
Do you receive a retirement check from Social Security or a pension fund and have it direct deposit??
Well guess what ... It looks as if Obama wants to tax it 1% !!!
This bill was put forth by Rep. Chaka Fattah (D-PA).
YES, that is 1% tax on all bank transactions - HR 4646, every time it goes in and every time money goes out.
Ask your congressperson to vote NO.
FORWARD THIS TO EVERYONE YOU KNOW!
1% tax on all bank transactions ~ HR 4646 - ANOTHER NEW OBAMA TAX SLIPPED IN
WHILE WE WERE ASLEEP. Checked this on snopes, it's true! Check it out yourself ~ HR 4646.
1. snopes.com: Debt Free America Act •••
Is the U.S. government proposing a 1% tax on debit card usage and/or banking transactions?
...It is true. The bill is HR-4646 introduced by US Rep Peter deFazio D-Oregon and US Senator Tom Harkin D-Iowa. Their plan is to sneak it in after the...
...moved beyond proposing studies and submitted the Debt Free America Act (H.R. 4646), a bill calling for the implementation of a scheme to pay down the...
...[2010] by Rep. Chaka Fattah (D-Pa.). His "Debt Free America Act" (H.R. 4646) would impose a 1 percent "transaction tax" on every financial transaction...
Mon, 28 Nov 2011 12:28:33 GMT http://www.snopes.com/politics/taxes/debtfree.asp
President Obama's finance team is recommending a one percent (1%) transaction fee (TAX). Obama's plan is to sneak it in after the November elections to keep it under the radar.
This is a 1% tax on all transactions at any financial institution - banks, credit unions, savings and loans, etc. Any deposit you make, or even a transfer within your own bank from one account to another, will have a
1% tax charged.
If your paycheck or your Social Security or whatever is direct deposit, it will get a 1% tax charged for the transaction.
If your paycheck is $1000, then you will pay Obama $10 just for the privilege of depositing your paycheck in your bank. Even if you hand carry your paycheck or any check in to your bank for a deposit, 1% tax will be charged.
You receive a $5,000 stock dividend from your broker, Obama takes $50 just to allow you to deposit that check in the bank.
If you take $1,000 cash to deposit at your bank, 1% tax will be charged.
Mind you, this is from the man who promised that, if you make under $250,000 per year, you will not see one penny of new tax.
Keep your eyes and ears open, you will be amazed at what you learn about this guy's under-the-table
moves to increase the number of ways you are taxed.
Oh, and by the way, if you receive a refund from the IRS next year and you have it direct deposited or you walk in to deposit that check, you guessed it. You will pay a 1% charge of that money just for putting it in your bank.
Remember, any money, cash, check or whatever, no matter where it came from, you will pay a 1% fee if you put it in the bank.
Some will say, oh well, it's just 1%. Are you kidding me? It's a 1% tax increase across the board. Remember, once the tax is there, they can also raise it at will. And if anyone protests, they will just say, "Oh,that's not really a tax, it's a user fee"!
Think this is no big deal? Go back and look at the transactions you made from last year's banking statements. Then add the total of all those transactions and deduct 1%. Still think it's no big deal?
