--- In FairfieldLife@yahoogroups.com, "shempmcgurk" 
> --- In FairfieldLife@yahoogroups.com, [EMAIL PROTECTED] wrote:
> >
> >  
> > In a message dated 1/22/06 4:21:27 P.M. Central Standard Time,  
> > [EMAIL PROTECTED] writes:
> > 
> > Any U.S.  citizen who is low/no income qualifies for SSI at age 
> 65, 
> > regardless of  work history/pay-ins to Social Security. Anybody 
> who 
> > is a permanent legal  resident (not a U.S. citizen) qualifies 
> SSI 
> > with only 40 quarters of  Social Security pay-in work history:
> > 
> > 
> > 
> > No wonder the system is going  broke.
> >
> The system cannot and will not go broke.
> Why?
> Because the government holds the right to tax...AND raise the 
> of SS contributions anytime they damn well please.  So they can 
> the program fully any time it appears to be faltering.
> It may interest you to know that at the time that FDR pushed SS 
> law back in 1935 there was a big hue and cry from many quarters.  
> the time, the contribution into SS was about 1.5%.  Roosevelt 
> promised it would NEVER, EVER go up.
> Well, today, the combined employee/employer SS contribution is 
> <snip> 
lets not forget the medicare too which gives a total of 15.3%. The 
IRs keeps raising the limit on contributions ie years ago SS 
withholding topped out after you earned about $60k in a year, that 
keeps going up and medicare has no limit. The self employed get 
screwed paying the total 15.3% SE tax themselves PLUS federal and 
state income tax.

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