- More money is collected in Social Security taxes each year than is needed to pay the Social Security benefits for that year.
- The surplus of tax money collected for Social Security is deposited in the U.S. Department of the Treasury's General Fund and spent by the U.S. Congress on non-Social Security expenses. Every year. All of it.
- Therefore, the extra money collected in the name of Social Security is in reality just income tax.
- When we pay more income tax than we need to, we get an income tax refund.
Since we all pay more Social Security tax than we need to each year, why don't we get a Social Security tax refund each year?
Why do you let your representatives in Congress take your Social Security tax refund away from you each year?
I've written Rep. Paul Broun and Sens. Johnny Isakson and Saxby Chambliss to tell them I want the portion of the Social Security tax money taken out of my paychecks that is not spent to pay for Social Security benefits to be refunded back to me. Have you?
I've sent the above information to all my friends around the country, asking them to write their representatives in the U.S. House of Representatives and in the U.S. Senate to ask for the excess Social Security taxes they paid to be refunded to them. Have you?