Taxes

Congress is Using Social Security to Rob You Blind

Social Security Money $
Written by Onan Coca

 

Congressman Thomas Massie (R-KY) is a stalwart constitutional conservative from the Bluegrass state who can generally be counted on to side with the people against the overbearing malfeasance that comes from the federal government. He recently took to his Facebook account to denounce the legalized thievery that the government has been engaged in over the last 30 or so years. While Massie is used to fighting government corruption and theft, he narrowed down his focus on Monday to explain how the government robs us through Social Security. See, we pay taxes to fund social security and for the first 50 years of that program the government sent out Social Security without taxing it a second time, but in 1984 that all changed and the sneaky thieves in Congress figured out a way to tax us all twice.

From Massie’s Facebook Page:

The purpose of Social Security is to provide people with financial support during retirement, not to be another source of tax revenue for the Federal Government.

That’s why on January 28, 2015, I introduced H.R. 589, the Senior Citizens Tax Elimination Act. This bill eliminates an unfair double-tax on seniors’ Social Security retirement benefits.

Although seniors have already paid tax on their Social Security contributions via the payroll tax, they are still required to list these benefits as taxable income on their tax returns. This is simply a way for Congress to obtain more revenue for the federal government at the expense of seniors who have already paid into Social Security. My bill would exempt Social Security retirement benefits from taxation and boost the retirement income of millions of older Americans.

As the Congressional Research Service reports, “Until 1984, Social Security benefits were exempt from the federal income tax. The exclusion was based on rulings made in 1938 and 1941 by the Department of the Treasury and Bureau of Internal Revenue (the predecessor of the Internal Revenue Service). The 1941 Bureau ruling…viewed benefits as being for general welfare and reasoned that subjecting the payments to income taxation would be contrary to the purposes of Social Security.” In other words, the 1941 equivalent of the IRS viewed taxation of Social Security benefits as being unjust and contrary to the purpose for which Social Security was created.

It is time to end this accounting sleight of hand and restore integrity to the‪#‎SocialSecurity program.

The views expressed in this opinion article are solely those of their author and are not necessarily either shared or endorsed by EagleRising.com


About the author

Onan Coca

Onan is the Editor-in-Chief at Liberty Alliance media group. He's also the managing editor at Eaglerising.com, Constitution.com and the managing partner at iPatriot.com. You can read more of his writing at Eagle Rising.
Onan is a graduate of Liberty University (2003) and earned his M.Ed. at Western Governors University in 2012. Onan lives in Atlanta with his wife and their three wonderful children.

Don't Miss Out!!

Get your daily dose of Eagle Rising by entering your email address below.

STAY IN THE LOOP
Don't miss a thing. Sign up for our email newsletter to become an insider.

Send this to friend