I wrote my Senator eight different letters on the subject including the one from which I gleaned most of this section. I never got an answer which addressed the problem! I am thoroughly disgusted with the lack of action on the part of the Republican controlled House and Senate which was rightfully kicked out of office in the past election. In the election of 2006 I voted straight Democratic (figuring I’d give the outlandish blatherers a chance to correct what they continued to say was bad with no information as to what they would consider good). I had never before in all the years I voted have ever voted straight anything. I always took time to try and understand each nominee and voted for those who I thought most mirrored what I thought would be good for America. It never turned out that way but one can always hope. If an elected representative enters Congress with the right idea, people like Ted Kennedy will rapidly convince them they can get nothing accomplished if he doesn’t agree. I had hoped since the Republicans had control of both houses of the Congress and the Presidency that Mr. Kennedy would be quashed and something of note would have been accomplished. Instead, except for a tax cut, there was little or nothing accomplished. The 109th Congress will go down in history as the Congress which accomplished the very least of any Congress ever elected. I have always been of the opinion that before any law is passed, three others should be repealed. Our set of laws is like Microsoft Windows. It is so complicated even the designers have no idea what it contains. We have so many laws that should be enforced that are not, and other laws which never should have been enacted in the first place that our set of laws is so complicated that even the people who passed them cannot unravel the ‘ball of spaghetti’. PROBLEM: The Federal Government seems determined to NOT ALLOW me to retire and enjoy it after working for well over forty years and must continue to do so! When Social Security was first invented by FDR (big mistake), he told us it was simply an adjunct to any other retirement we might have. The Federal Government has GOT to stop meddling in the Country’s Social affairs. I paid the top money into Social Security for years and following the suggestion of FDR my wife and I agreed between us to save 30% of our salary. We did that throughout our working years and also raised four kids. My wife stayed home and raised the kids – I worked my little tail off to try to live up to FDR suggestion that we consider saving for our own retirement. Now that we are retired, the Federal Government, in its infinite wisdom, considers 85% of our Social Security as taxable income by the IRS. That means both my wife and I, who are well into our seventies, have to work
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To steal from one person is theft. To steal from many is taxation.
-Daiell’s Law (a take-off on Felson’s Law) |
to pay the extra income tax bill that really dumb law exacts from us. I understand that it is part of the liberals ‘share the wealth policy’ but the policy stinks! Why should I have put all that money and hard work into the Social Security ‘fund’ (misnomer) so that someone else can benefit from my labors? I completely fail to see how not returning my money to me in any way helps someone else. All it does is help keep Social Security from going bankrupt. THAT is a result of the way Congress handles Social Security which, as far as I can see, has NO bearing on whether I should receive the share I legally paid in. The following is the work sheet to determine taxable Social Security income (which, of course, should never be taxed).
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The current tax code is a daily mugging.
- Ronald Reagan, 39th President of the United States - Labor Day address, Independence MO, 2 Sep 85 |
Line 17 is the offending line which defines the problem and is completely unfair to those of us who have worked all our lives to save for a decent retirement. Actually the whole work sheet and the taxation of SS should be eliminated! This describes perfectly why our money (money we worked so hard for) should NEVER EVER be under the control of any part of government, Federal, State or Local! This also points out what has been said many times: The liberals just do not ever consider how their decisions may affect the American people. Either they only think about how it will affect their ability to spend the American peoples’ money, how it will affect their (perceived) votes or how it will affect them personally. Since they have their own absolutely obnoxious retirement largess what the heck do they care?
Partial IRS 915 and IRS SS work sheet form (shown below).
I hope this helps the numb nuts in Congress who do not understand how much effort and sweat it takes to develop a livable retirement in this land of taxes, taxes and more taxes! Congress has got to rescind this stupidity even if they do nothing else to the SS system that certainly needs adjustment badly and soon!
Tags: FDR, government interference, IRS, lack of Senatorial response, planning for retirement, Social Security, taxable income
