Posts Tagged With: Social Security

The “Accomplishments” of Obama…read and weep….


Quit trashing Obama’s accomplishments. He has done more than any other President before him.

He has an impressive list of accomplishments:

First President to apply for college aid as a foreign student, then deny he was a foreigner.

First President to have a social security number from a state he has never lived in.

First President to preside over a cut to the credit-rating of the United States .

First President to violate the War Powers Act.

First President to be held in contempt of court for illegally obstructing oil drilling in the Gulf of Mexico .

First President to require all Americans to purchase a product from a third party.

First President to spend a trillion dollars on “shovel-ready” jobs when there was no such thing as “shovel-ready” jobs.

First President to abrogate bankruptcy law to turn over control of companies to his union supporters.

First President to by-pass Congress and implement the Dream Act through executive fiat.

First President to order a secret amnesty program that stopped the deportation of illegal immigrants across the U.S. ,

including those with criminal convictions.

First President to demand a company hand-over $20 billion to one of his political appointees.

First President to tell a CEO of a major corporation (Chrysler) to resign.

First President to terminate America’s ability to put a man in space.

First President to cancel the National Day of Prayer and to say that America is no longer a Christian nation.

First President to have a law signed by an auto-pen without being present.

First President to arbitrarily declare an existing law unconstitutional and refuse to enforce it.

First President to threaten insurance companies if they publicly spoke out on the reasons for their rate increases.

First President to tell a major manufacturing company in which state it is allowed to locate a factory.

First President to file lawsuits against the states he swore an oath to protect (AZ, WI, OH, IN).

First President to withdraw an existing coal permit that had been properly issued years ago.

First President to actively try to bankrupt an American industry (coal).

First President to fire an inspector general of AmeriCorps for catching one of his friends in a corruption case.

First President to appoint 45 czars to replace elected officials in his office.

First President to surround himself with radical left wing anarchists.

First President to golf 73 separate times in his first two and a half years in office, 102 to date.

First President to hide his medical, educational and travel records.

First President to win a Nobel Peace Prize for doing NOTHING to earn it.

First President to go on multiple “global apology tours” and concurrent “insult our friends” tours.

First President to go on 17 lavish vacations, including date nights and Wednesday evening White House parties for his friends paid for by the taxpayers.

First President to have 22 personal servants (taxpayer funded) for his wife.

First President to keep a dog trainer on retainer for $102,000 a year at taxpayer expense.

First President to fly in a personal trainer from Chicago at least once a week at taxpayer expense.

First President to repeat the Holy Quran & tell us the early morning call of the Azan (Islamic call to worship) is the most beautiful sound on earth.

First President to tell the military men and women that they should pay for their own private insurance because they “volunteered

to go to war and knew the consequences.”

Then he was the First President to tell the members of the military that THEY were UNPATRIOTIC for balking at the last suggestion.

First President to side with a foreign nation over one of the American 50 states ( Mexico vs Arizona ).

How is this hope and change working out for you?

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Alan Simpson, calls senior citizens the “Greediest Generation”


Alan Simpson… Republican Senator from Wyoming and co-chair of President Obama’s deficit commission, calls senior citizens the “Greediest Generation” as he compared Social Security to a Milk Cow with 310 million teats.

Here’s a response in a letter from Patty Myers, , a career school teacher in Montana … I think she is a little ticked off! She also tells it like it is!

“Hey Alan, let’s get a few things straight!!!!!
by Patty Myers
1. As a career politician, you have been on the public dole (tit) for FIFTY YEARS.
2. I have been paying Social Security taxes for 48 YEARS (since I was 15 years old. I am now 63).
3. My Social Security payments, and those of millions of other Americans, were safely tucked away in an interest bearing account for decades until you political pukes decided to raid the account and give OUR money to a bunch of zero losers in return for votes, thus bankrupting the system and turning Social Security into a Ponzi scheme that would make Bernie Madoff proud.
4. Recently, just like Lucy & Charlie Brown, you and “your ilk” pulled the proverbial football away from millions of American seniors nearing retirement and moved the goalposts for full retirement from age 65 to age 67. NOW, you and your “shill commission” are proposing to move the goalposts YET AGAIN.
5. I, and millions of other Americans, have been paying into Medicare from Day One, and now “you morons” propose to change the rules of the game. Why? Because “you idiots” mismanaged other parts of the economy to such an extent that you need to steal our money from Medicare to pay the bills.
6. I, and millions of other Americans, have been paying income taxes our entire lives, and now you propose to increase our taxes yet again. Why? Because you “incompetent bastards” spent our money so profligately that you just kept on spending even after you ran out of money. Now, you come to the American taxpayers and say you need more to pay off YOUR debt.
To add insult to injury, you label us “greedy” for calling “bullcrap” to your incompetence. Well, Captain Bullcrap, I have a few questions for YOU:
1. How much money have you earned from the American taxpayers during your pathetic 50-year political career?
2. At what age did you retire from your pathetic political career, and how much are you receiving in annual retirement benefits from the American taxpayers?
3. How much do you pay for YOUR government provided health insurance?
4. What cuts in YOUR retirement and healthcare benefits are you proposing in your disgusting deficit reduction proposal, or as usual, have you exempted yourself and your political cronies?
It is you, Captain Bullcrap, and your political co-conspirators called Congress who are the “greedy” ones. It is you and your fellow nutcase thieves who have bankrupted America and stolen the American dream from millions of loyal, patriotic taxpayers.

And for what? Votes and your job and retirement security at our expense, you lunk-headed leech. That’s right, sir. You and yours have bankrupted America for the sole purpose of advancing your pathetic, political careers. You know it, we know it, and you know that we know it. And you can take that to the bank, you miserable ***-of-a-*****.

NO, I did not stutter.

P.S. And stop calling Social Security benefits “entitlements” !! WHAT AN INSULT!!!!

I have been paying in to the SS system for 45 years. It’s my money; give it back to me the way the system was designed and stop patting yourself on the back like you are being generous to be doling out these monthly checks!!!

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Less in your paycheck now…Big Gov’t takes a bigger bite…


American workers are opening their first paychecks of the year and finding an unpleasant surprise: The government’s take has gone up.
A temporary cut in Social Security withholdings gave Americans hundreds of extra dollars to spend over the past two years. But Congress allowed that break to expire during the wrangling over the fiscal cliff, meaning that Social Security taxes have reverted to 6.2% of salary from the temporary 4.2%.
The noticeable lightening of paychecks as consumers remain tentative threatens to put a drag on economic growth. The effect for companies is that the hit is likely to cement a frugal attitude that led consumers to cut back on eating out and shift to less-expensive store brands.
Kari Barker, an accountant in Salt Lake City, recently received her first 2013 paycheck and realized that she and her husband will take home $250 less every month. The 32-year-old, who works as a financial controller for a medical-devices company, accepted a second job last week doing accounting work for a friend’s start-up company.
Ms. Barker recently had a second child, who joined the first in day care. She has been planning meals more carefully to spend less on groceries and has switched to less-expensive brands of household and baby items. “I used to be a diapers snob and would only buy Pampers or Huggies,” Ms. Barker said. “Now I buy Target’s house brand, because it’s two-thirds the cost.”

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Cracking the 2013 Tax Code……. A guide to the changes wrought by the fiscal-cliff deal


Early in the morning of January 1, Congress finally got around to dealing with the tax part of the fiscal cliff drama by passing what is inaccurately named the American Taxpayer Relief Act of 2012. Thanks to the demise of the so-called payroll tax holiday, all workers will pay higher taxes this year, but the new law cancels federal income tax increases that would have resulted in added misery for just about everyone. The bad news is that higher-income folks will face higher rates.
Here’s a detailed summary of the most important changes for individual taxpayers.
Payroll Tax Holiday Is Dead
For 2010-2012, the Social Security tax withholding rate on your salary was temporarily reduced from the normal 6.2% to 4.2%. If you’re self-employed, the Social Security tax component of the self-employment tax was reduced from the normal 12.4% to 10.4%. Last year, this so-called payroll tax holiday could have saved one person up to $2,202 or a working couple up to $4,404. Somewhat surprisingly, the new law does not extend the holiday through 2013. (For this year, the Social Security tax can hit up to $113,700 of salary or self-employment income.)
Rates on Ordinary Income: For most individuals, the federal income tax rates for 2013 will be the same as last year: 10%, 15%, 25%, 28%, 33%, and 35%. However, the maximum rate for higher-income folks increases to 39.6% (up from 35%). This change only affects singles with taxable income above $400,000, married joint-filing couples with income above $450,000, heads of households with income above $425,000, and married individuals who file separate returns with income above $225,000.
Rates on Long-Term Gains and Dividends: The tax rates on long-term capital gains and dividends will also remain the same as last year for most individuals. However, the maximum rate for higher-income folks increases to 20% (up from 15%). This change only affects singles with taxable income above $400,000, married joint-filing couples with income above $450,000, heads of households with income above $425,000, and married individuals who file separate returns with income above $225,000. Remember: these higher-income folks can also get socked with the new 3.8% Medicare surtax on investment income, which can result in a maximum 23.8% federal tax rate on long-term gains and dividends.
Personal and Dependent Exemption Deduction Phase-Out: The last time we saw a phase-out rule for personal and dependent exemption deductions was 2009. Sadly, the phase-out deal is back. As a result, your personal and dependent exemption write-offs can be reduced or even completely eliminated. Phase-out starts at the following adjusted gross income (AGI) thresholds: $250,000 for single filers, $300,000 for married joint-filing couples, $275,000 for heads of households, and $150,000 for married individuals who file separate returns.
Itemized Deduction Phase-Out: The last time we saw a phase-out rule for itemized deductions was also in 2009. Unfortunately, this phase-our provision is back too. As a result, you can potentially lose up to 80% of your write-offs for mortgage interest, state and local income and property taxes, and charitable contributions if your AGI exceeds the applicable threshold. The thresholds are $250,000 for single filers, $300,000 for married joint-filing couples, $275,000 for heads of households, or $150,000 for married individuals who file separate returns. More specifically, the total amount of your affected itemized deductions is reduced by 3% of the amount by which your AGI exceeds the threshold. However, the reduction cannot exceed 80% of the total affected deductions that you started off with.
Key Point: All the aforementioned changes are permanent, so we at least have the illusion of tax-regime stability — until further notice.
Alternative Minimum Tax Patch Made Permanent
It had become an annual ritual for Congress to “patch” the AMT rules to prevent millions more households from getting socked with this add-on tax. The patch job consisted of allowing bigger AMT exemptions and allowing various personal tax credits to offset the AMT. Amazingly, the new law makes the patch permanent, starting with 2012. The change will keep about 30 million households out of the dreaded AMT zone.
Relatively Favorable Gift and Estate Tax Rules Made Permanent
For 2013 and beyond, the new law permanently installs a unified federal estate and gift tax exemption of $5 million (adjusted annually for inflation) and a 40% maximum tax rate (up from last year’s 35% rate). The right to leave your unused estate and gift tax exemption to your surviving spouse (the so-called exemption portability deal) was also made permanent.
Child Tax Credit Extended
The $1,000 maximum credit for each eligible under-age-17 child was extended through 2017.
Earned Income Tax Credit Extended
Legislation enacted in previous years increased the earned income credit for families with three or more qualifying children and allowed married joint-filing couples to earn more without having their credits reduced. These changes, which help lower-income families, were extended through 2017.
American Opportunity Higher Education Tax Credit Extended
The American Opportunity credit, which can be worth up to $2,500 and can be claimed for up to four years of undergraduate education, was extended through 2017.
Higher Education Tuition Deduction Extended
This write-off, which can amount to as much as $4,000 or $2,000 for higher-income folks, expired at the end of 2011. The new law retroactively restores it for 2012 and extends it through 2013.
Option to Deduct State and Local Sales Taxes Extended
In past years, individuals who paid little or no state income taxes were given the option of instead claiming an itemized deduction for state and local sales taxes. The option expired at the end of 2011, but the new law restoratively restores it for 2012 and extends it through 2013.
Charitable Donations from IRAs Extended
In past years, IRA owners who had reached age 70½ were allowed to make charitable donations of up to $100,000 directly out of their IRAs. The donations counted as IRA required minimum distributions. So charitably inclined seniors with more IRA money than they needed could reduce their taxes by arranging for IRA donations to take the place of taxable required minimum distributions. This break expired at the end of 2011, but the new law retroactively restores it for 2012 and extends it through 2013. To take advantage of the retroactive deal, you’ll be given a window of time during the first part of this year to make donations that are treated as having been made in 2012. Stay tuned for details on that.
Tax-Free Treatment for Forgiven Principal Residence Mortgage Debt Extended
For federal income tax purposes, a forgiven debt generally counts as taxable cancellation of debt (COD) income. However a temporary exception applied to COD income from cancelled mortgage debt that was used to acquire a principal residence. Under the temporary rule, up to $2 million of COD income from principal residence acquisition debt that was cancelled in 2007-2012 was treated as a tax-free item. This generous break was extended through 2013.
$250 Deduction for K-12 Educators’ Expenses Extended
The $250 deduction for teachers and other K-12 educators for school-related expenses paid out of their own pockets was retroactively restored for 2012 and extended through 2013.
$500 Energy-Efficient Home Improvement Credit Extended
In past years, taxpayers could claim a tax credit of up to $500 for certain energy-saving improvements to a principal residence. This break expired at the end of 2011, but the new law retroactively restores it for 2012 and extends it through 2013.

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Bigger Tax Bite for Most Under Fiscal Pact…..


Only the most affluent American households will pay higher income taxes this year under the terms of a deal that passed Congress on Tuesday, but most households will face higher payroll taxes because the deal does not extend a two-year-old tax break.
The legislation, which was forged in the Senate and overcame resistance in the House late Tuesday will grant most Americans an instant reversal of the income tax increases that took effect with the arrival of the new year. Only about 0.7 percent of households will be subject to an income tax increase this year, according to the Tax Policy Center, a nonpartisan research group in Washington. The increases will apply almost exclusively to households making at least half a million dollars, the center estimated in an analysis published Tuesday.
But lawmakers’ decision not to reverse a scheduled increase in the payroll tax that finances Social Security, while widely expected, still means that about 77 percent of households will pay a larger share of income to the federal government this year, according to the center’s analysis.
The tax this year will increase by two percentage points, to 6.2 percent from 4.2 percent, on all earned income up to $113,700.
Indeed, for most lower- and middle-income households, the payroll tax increase will most likely will equal or exceed the value of the income tax savings. A household earning $50,000 in 2013, roughly the national median, will avoid paying about $1,000 more in income taxes — but pay about $1,000 more in payroll taxes.

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History Lesson on Your Social Security Card……


Just in case some of you young folks (& some older ones) didn’t know this.
It’s easy to check out, if you don’t believe it. Be sure and show it to your family
and friends. They need a little history lesson on what’s what and it doesn’t matter
whether you are Democrat or Republican. Facts are Facts.

Social Security Cards up until the 1980s expressly stated the number and
card were not to be used for identification purposes. Since nearly everyone in the
United States now has a number, it became convenient to use it anyway and the
message, NOT FOR IDENTIFICATION, was removed.
securedownload
============================================================================
An old Social Security card with the “NOT FOR IDENTIFICATION” message.
Our Social Security

Franklin Roosevelt, a Democrat, introduced the Social
Security (FICA) Program. He promised:

1.) That participation in the Program would be
Completely voluntary,

No longer Voluntary

2.) That the participants would only have to pay
1% of the first $1,400 of their annual
Incomes into the Program,

Now 7.65%
on the first $90,000

3.) That the money the participants elected to put
into the Program would be deductible from
their income for tax purposes each year,

No longer tax deductible

4.) That the money the participants put into the
independent ‘Trust Fund’ rather than into the
general operating fund, and therefore, would
only be used to fund the Social Security
Retirement Program, and no other
Government program, and,

Under Johnson the money was moved to
The General Fund and Spent

5.) That the annuity payments to the retirees would never be taxed
as income.

Under Clinton & Gore
Up to 85% of your Social Security can be Taxed

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 Political Party took Social Security from the
independent ‘Trust Fund’ and put it into the
general fund so that Congress could spend it?

A: It was Lyndon Johnson and the democratically
controlled House and Senate.

———— ——— ——— ——— ——— ——— ——— —

Q: Which Political Party eliminated the income tax
deduction for Social Security (FICA) withholding?

A: The Democratic Party.

———— ——— ——— ——— ——— ——— ——— —–

Q: Which Political Party started taxing Social
Security annuities?

A: The Democratic Party, with Al Gore casting the
‘tie-breaking’ deciding vote as President of the
Senate, while he was Vice President of the US

———— ——— ——— ——— ——— ——— ——— –

Q: Which Political Party decided to start
giving annuity payments to immigrants?

AND MY FAVORITE:

A: That’s right!

Jimmy Carter and the Democratic Party.
Immigrants moved into this country, and at age 65,
began to receive Social Security payments! The
Democratic Party gave these payments to them,
even though they never paid a dime into it!

———— — ———— ——— —– ———— ——— ———

Then, after violating the original contract (FICA),
the Democrats turn around and tell you that the Republicans want
to take your Social Security away!

And the worst part about it is uninformed citizens believe it!
If enough people receive this, maybe a seed of
awareness will be planted and maybe changes will
evolve.
But it’s worth a try.
How many people can YOU tell this to?

Actions speak louder than bumper stickers

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One day on the campaign trail…..


During a recent Romney campaign stop, a heckler from the audience hollered, “Hey Mitt Witt, where are you hiding your tax returns?”

Governor Romney politely responded, “I’ve found a very secure place that I’m certain they won’t be found.”

The insistent heckler, then shouted, “And just where is that, dummy”?

Governor Romney smiled and said, “They are underneath Obama’s college records, his passport application, his immigration status as a student, his funding sources to pay for college and his Selective Service registration.
What’s your next question?”

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6 Ways Social Security Will Change in 2013…..


Social Security recipients will get slightly bigger checks in 2013. The Social Security Administration also recently announced several other ways the program will be tweaked in the coming year. Here’s a look at the Social Security changes workers and retirees will experience next year:

Bigger monthly payments. Social Security payments will increase by 1.7 percent in 2013. That’s considerably less than the 3.6 percent cost of living adjustment retirees received in 2012. Social Security payments are adjusted each year to reflect inflation as measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers. Previous inflation adjustments have ranged from zero in 2010 and 2011 to 14.3 percent in 1980. The average Social Security check is expected to increase by $21 as a result of the change from $1,240 before the cost of living adjustment to $1,261 after. Couples will see their benefit payments grow from an average of $2,014 to $2,048.
Payroll tax cut scheduled to expire. Workers will pay 6.2 percent of their income into the Social Security system in 2013, up from 4.2 percent in 2012. The temporary payroll tax cut expires at the end of December 2012 under current law.
Higher Social Security tax cap. The maximum amount of earnings subject to Social Security taxes will be $113,700 in 2013, up from $110,100 in 2012. Approximately 10 million people will pay higher taxes as a result of the increase in the taxable maximum.
Increased earnings limit. Retirees who work and collect Social Security benefits at the same time will be able to earn $480 more next year before any portion of their Social Security payment will be withheld. Social Security recipients who are younger than their full retirement age (66 for those born between 1943 and 1954) can earn up to $15,120 in 2013, after which $1 of every $2 earned will be temporarily withheld from their Social Security payments. For retirees who turn 66 in 2013, the limit will be $40,080, after which $1 of every $3 earned will be withheld. Once you turn your full retirement age you can earn any amount without penalty and collect Social Security benefits at the same time. At your full retirement age your monthly payments will also be adjusted to reflect any benefits that were withheld and your continued earnings.
Maximum possible benefit grows. The maximum possible Social Security benefit for a worker who begins collecting benefits at their full retirement age will be $2,533 in 2013, up from $2,513 per month in 2012.
Paper checks will end. The U.S. Treasury will stop mailing paper checks to Social Security beneficiaries on March 1, 2013. All federal benefit recipients must then receive their payments via direct deposit to a bank or credit union account or loaded onto a Direct Express Debit MasterCard. Retirees who do not choose an electronic payment option by March 1 will receive their payments loaded onto a pre-paid debit card. Most people already receive their benefit payments electronically, and new Social Security recipients have been required to choose an electronic payment option since 2011.

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AARP: Not backing any presidential candidates…..


AARP is reminding voters that it’s not endorsing any candidates after President Barack Obama cited the group in the first presidential debate.
Obama mentioned the lobbying organization for seniors twice Wednesday in discussing Medicare and Social Security. He noted that AARP supports his health care law and opposes the voucher-like program Republican Mitt Romney has proposed for Medicare in the future.
AARP’s senior vice president, John Hishta, says AARP is nonpartisan and has never consented to the use of its name by any campaign or political group and doesn’t take sides in political races.
Hishta said in a statement released after the debate in Denver that voters deserve more than sound bites about Medicare, Social Security and other programs for seniors.

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Social Security Administration Buying 174,000 Bullets


CNSNews.com is reporting that the Social Security administration is buying …bullets?

The Social Security Administration posted a blog on Thursday to explain why it was planning to purchase 174,000 hollow point bullets.

SSA posted a “Request for Quote for Ammunition” on the FedBizOps.gov website on Aug. 7. The request listedthe commodity that SSA desired as “.357 Sig 125 grain bonded jacketed hollow point pistol ammunition.” The quantity listed was “174 TH.”
The SSA “thought it would be appropriate to address recent media reports regarding the organization’s purchase of ammunition for our special agents’ duty weapons.”

The Number 1 Sign People Are Becoming Angry With the Social Security Ponzi Scheme – The Social Security Administration purchases 174,000 bullets to arm the SSA special agents who “respond to threats against Social Security offices, employees, and customers.”

The blog states that the SSA has 295 special agents who work in 66 offices across the United States.

“These investigators have full law enforcement authority, including executing search warrants and making arrests,” the blog post states. “Our investigators are similar to your State or local police officers.

“They use traditional investigative techniques, and they are armed when on official duty,” the blog post states.”

This isn’t entirely crazy, because the SSA said they are “processing more applications than ever, which means more traffic in SSA offices,” and they are extremely concerned about employee safety, but is this not a sign of an inefficient system?

If the government thinks Social Security is “fine” and people aren’t already becoming upset with the system headed for bankruptcy, even though we all pay into it every single day, then they quite possibly need to take a second look at everything. I actually understand the SSA buying ammunition for their guards, because employee safety is extremely important, but let’s look at the cause here instead of the effect.

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