What year was Social Security of the US officialized?

George R. Horn, I would definitely like some of that you have been smoking. For the record here is a statistic for you to learn from on the subject matter. The media & Billionaire Warren Buffett were surprised by the fact that he pays less taxes than his personal secretary. Mr. Warren Buffett pays 17% to his personal secretary's 33% in taxes. Perhaps, you might want to do the home work before you start to personally attack someone who knows about the issues.

The article explains clearly the great divide that the "Rich" & "Middle Class" have between them. The "Middle Class" what is left of it at this point & time, constantly bearing the tax burden of the "Federal Government." While the "Rich" continue to make off like bandits in the tax bracket yearly earnings.

I was under the impression it was President Roosevelt(FDR) who enacted Social Security. On the argument of Taxes: We all benefit from the joys of calling ourselves "Americans", should we not all contribute something to America's welfare and existence.

Jim Kepler, they hate Social Security because it works and hurts their program arguments. There is always a surplus in the SS account and the government has often borrowed from it

hellokitty collins, Social security disbursements are tax-free unless you are working and continue to collect benefits. In which case, you pay taxes on your combined income which includes your benefits

I just filed for early retirement benefits at 62. Figured I’d better do it before amounts get reduced as predicted in a few years!

It was a great idea in the beginning; but now the only ones that really benefit are the rich and poor. Middle class always gets the raw end of the deal.

Part of FDR's New Desl

Well, I started working on the books at 16 and was witness to FICA and income tax deductions. We had just learned in history class that a reason for the American Revolution was taxation without representation. Wow! That was happening to me for 5 years!

Part of FDR's "New Deal" programs.. FDR's New Deal programs tried to help people who had actually done things during their lives while many of LBJ's programs gave money to many people who had not done anything during their lives..

badgerrick, you have problems with clear English, and I suspect you are a Russian Bot.

Annie, DO U STILL PAY TAXES ON IT?

Dr. Bhoomz, And just who do you think was President in 1935. Roosevelt of course.

jack patti go, Didn’t we all.

anthonygriffin, Warren Buffett pays 17% in taxes and his Secretary pays 33% in taxes why? Because he is talking about “Income Taxes”, why, because his “SALARY” is ‘way’ less than hers, how less, so much less that some might even say “To be non-existent”. How then can he be a billionaire if his secretary’s salary is so much more than his? Because most of what he earns is from Capital Gains and Capital Gains by law are Gains, not income and Gains therefore are not subjected to “INCOME TAX” laws. No, instead of the plebeian Income Tax nearly everyone In America pays, most if his earnings are taxed as, and get this, taxed as “Capital Gains” (who would have thought) and the Capital Gains tax is about 1/2 of what everyone else is paying in income tax. So the next time a politician or Warren Buffett, is ragging on someone’s tax burden make sure they aren’t trying to convince you that Apples and Beets are the same thing, because Income Taxes and Capital Gains Taxes aren’t the same thing either. Anyone having a problem with this really needs to be blaming their congressman since it’s the H.O.R. who are writing the tax code. Politicians rely on the people’s ignorance of Tax laws to manipulate them into voting for them.

I paid in for years - up to the max occasionally! Am now receiving my fund back in retirement. No complaints. 😀

Yes, I paid FICA TAXES EVERY DAY I WORKED!