yellowrosetx: (Default)
yellowrosetx ([personal profile] yellowrosetx) wrote2006-04-24 02:21 pm

Something that should have been checked out

Any of you that have received the following message, please do not, I repeat DO NOT pass it on.
Why? It contains false and or misleading information. Congress and the Senate DO PAY INTO THE SOCIAL SECURITY FUNDS and there's a little twist on their pension that some don't know about.  http://www.snopes.com/politics/taxes/pensions.asp

As for the question of spouses of government employees getting their pensions, don't you believe that it's an easy task. Remember, my husband retired from the Army after twenty years. For me to continue getting his pension, should he predecease me, it's nasty little hoop jumper and it ain't free. And for the record, any pension plan that you don't pay into you pay taxes on it. While the only thing that needs to be done to earn a retiree's pension from the US Armed Forces is to stay in and retire, it is a taxable income. I bet no one knew that the people up on Capitol Hill will be coughing up quite a bit back to Uncle Sam. Keep in mind that some people are granted disability pensions and call themselves retired, but it's two different animals.

From irs.gov

Military retirement pay.   If your retirement pay is based on age or length of service, it is taxable and must be included in your income as a pension on lines 16a and 16b of Form 1040 or on lines 12a and 12b of Form 1040A. Do not include in your income the amount of any reduction in retirement or retainer pay to provide a survivor annuity for your spouse or children under the Retired Serviceman's Family Protection Plan or the Survivor Benefit Plan.

Not sure how that works for Congress, but it's the government, nuff said.

Message in question behind the cut

IT DOESN'T MATTER IF YOU ARE REPUBLICAN OR DEMOCRAT!

 


KEEP IT GOING!!!!

 

2008 Election Issue!!

GET A BILL STARTED TO PLACE ALL POLITICIANS ON SOC. SEC.


This must be! an issue in "2008" Please! Keep it going.

----------------------------------

SOCIAL SECURITY:

(This is worth reading. It is short and to the point.)

Perhaps we are asking the wrong questions during election years.

Our Senators and Congresswomen do not pay into Social Security and, of course, they do not collect from it.

You see, Social Security benefits were not suitable for persons of their rare elevation in society.  They felt they should have a special plan for themselves. So, many years ago they voted in their own benefit plan.

In more recent years, no congressperson has felt the need to change it. After all, it is a great plan.

For all practical purposes their plan works like this:

When they retire, they continue to draw the same pay until they die.

Except it may increase from time! to time for cost of living adjustments.

For example, Senator Byrd and Congressman White and their wives may expect to draw $7,800,000.00 (that's Seven Million, Eight-Hundred Thousand Dollars), with their wives drawing $275,000.00 during the last years of their lives.

This is calculated on an average life span for each of those two Dignitaries.


Younger Dignitaries who retire at an early age, will receive much more during the rest of their lives.

Their cost for this excellent plan is $0.00. NADA....ZILCH....

This little perk they voted for themselves is free to them. You and I pick up the tab for this plan. The funds for this fine retirement plan come directly from the General Funds;

"OUR TAX DOLLARS AT WORK"!

From our own Social Security Plan, which you and I pay (or have paid) into, - every payday until we retire (which amount is matched by our employer) - we can expect to get an average of $1,000 per month after retirement.

Or, in other words, we would have to collect our average of $1,000 monthly benefits for 68 years and one (1) month to equal Senator! Bill Bradley's benefits!

 


Social Security could be very good if only one small change were made.

That change would be to:


Jerk the Golden Fleece Retirement Plan from under the Senators and Congressmen. Put them into the Social Security plan with the rest of us


then sit back.....


and  see how fast they would fix it.

If enough people receive this, maybe a seed of awareness will be planted and maybe good changes will evolve.

 

How many people CAN you send this to?


Better yet.....


How many people WILL you send this to ?

[identity profile] tink.livejournal.com 2006-05-05 07:58 pm (UTC)(link)
I never understand why people don't fact check before they forward things.

I mean...most of the things in my email box (besides personal letters) are just untrue.

In other news, Snopes rocks my socks off.

[identity profile] yellowrosetx.livejournal.com 2006-05-05 09:58 pm (UTC)(link)
Snopes is awesome!