Bush Plan – 70% Tax on Social Security Benifits

This post was written by marc on February 23, 2005
Posted Under: Politics

So – under the Bush stock market plan – you invest you money in the market and when you retire you get to live on the profits – right? Wrong!

They aren’t telling you that Bush plans to tax 70% of your earnings against your Social Security income. That means for ever dollar you make on your Social Security investment – you get a 70 cent cut in the amount of money the government gives you. And if you lose money — you’re just plain fucked.

But – you won’t hear this story from the Republican owned media puppets to want to eliminate social security. To find that out you have to go to the town hall metting with Congresswoman Nancy Pelosi and find out what is really on the table.

Only on the web can you find the real news that is unfiltered by the Washington press.

Reader Comments

I think they tried the whole privatize benifits for old age pensioners in England…and it just did not work…under that hag Thatcher…I think the real reason Social Security is in trouble is its probably the only program in Washington that works, has money in the kitty…and since it has money…the jerks that run this country are constantly borrowing against or just taking funds out of Social Security to fund other pet projects…

Written By minervajones on February 24th, 2005 @ 7:58 pm

America lose he war on terrorist, just an other failure after Vietnam, now america is doing a good job to poised himself, and people still elect monkey, we need to design a system that will remove idiots in power immediatly before its next scam election, it got to be a limit to freedom

Written By denis on February 26th, 2005 @ 1:59 pm

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