This definitely is a lie....lol
Here a the historical factual break down
President Franklin Roosevelt, a Democrat, introduced the Social Security (FICA) program.
He promised:
1. That participation would be completely voluntary. It is no longer voluntary.
2. That we would only have to pay 1 percent of the first $1,400 of annual income. Now it is 7.65 percent on the first $90,000.
3. That the money the participants elected to put into the program would be deductible. It’s no longer tax-deductible.
4. Money would only be used to fund the Social Security retirement program, and no other programs. Under President Johnson, the money was moved to the general fund and spent.
5. That the annuity payments to the retirees would never be taxed. Under Clinton and Gore, up to 85 percent of your Social Security was taxed.
Question: Which political party eliminated the income tax deduction for Social Security?
Answer:
The Democratic Party.
Q: Which political party started taxing Social Security?
A:
The Democratic Party, with Al Gore casting the tie-breaking deciding vote as president of the Senate while he was vice president.
Q: Which political party decided to start giving annuity payments to immigrants?
A: That’s right! Jimmy Carter and
the Democratic Party. Immigrants moved here, and at age 65, began to receive Social Security payments!
The Democratic Party gave these payments to them, even though they never paid a dime into it!
Democrats turn around and tell you that the Republicans want to take your Social Security away, and the worst part about it is uninformed citizens believe it!
Payroll tax cut scheduled to expire. Workers will pay 6.2% of their income into the Social Security system in 2013, up from 4.2% in 2012. The temporary payroll tax cut expires at the end of December under current law.
http://money.msn.com/retirement/article.aspx?post=b644e696-e528-477b-a931-a5be2479d922
There is no cap on the amount of earnings subject to Medicare taxes.
As part of Obamacare, an additional 0.9% Medicare surtax on wages and self-employment income above $250,000 per couple (or $200,000 for a single) is scheduled to kick in on Jan. 1. (The regular Medicare tax paid by the employee is 1.45%, with another 1.45% paid by the employer. The employer also pays a 6.2% Social Security tax on up to the maximum wage base.)
http://www.forbes.com/sites/janetno...1-7-workers-face-up-to-2425-payroll-tax-hike/