ACT: AmeriCareToday or ACT is a grass roots initiative promoting a fair and equitable solution to the current Social Security taxing scheme that’s created significant financial issues for millions of average working Americans, their families and the communities they call home ICIRA: Under the ACT plan, Individual Community Investment Retirement Accounts or ICIRAs are created and funded by diverting a substantial portion of the current 12.4% Social Security now receives for every wage dollar up to $106,800 to the workers NEW ICIRA Special Obligation Bonds (SOBs): Financial instruments issued to the SS trust fund to replace SS tax overpayments. SS tax dollars are then transferred to the general revenue fund and comingled with other tax receipts, losing their unique identity. This accounting slight of hand allows politicians to spend hard working American’s retirement dollars on something other than intended, and spend it without accountability, and they’ll have to be paid again + interest Equity Partner: Under the ACT plan, millions of average working Americans become equity partners through their NEW ICIRA investments, and through the use of special obligation bonds to underwrite the next generation of green energy Inter-Generational Contracts: A 2 part, commitment contract between seniors currently receiving Social Security checks, and the millions of working Americans funding those retiree checks. Part 1, secure today; current workers commit to funding Social Security obligations without revision until the retiree expires. Part 2, unlock tomorrow; current seniors support ACT legislation creating a NEW ICIRA for millions of average working Americans Social Security Tax: The tax levied on worker’s wages that the Social Security trust fund receives to fund existing Social security obligations; It began with 2% and a maximum of $60 annually, and is now 12.4% and a maximum of $13,243.20 annually – Approximately 6 million workers pay no SS tax Social Security Trust Fund: The account set up by the Federal Government to hold, secure, and manage workers Social Security tax retirement contributions Original District Founder (ODF) ODF boards, are local oversight boards, made up of community residents. Each state will have 3 levels of ODF boards, county, congressional district, and state. Once a county/parish has 250 individual ACT members, their ODF board will be set up. Click on this link to see one example a local ODF board member is doing: http://www2.hernandotoday.com/content/2009/sep/10/fuel-cost-charges-simply-dont-add/ Community Investment Pod (CIP): CIPs are similar to and may be existing community credit unions; each of the 3,140 counties/parishes will have at least one. CIPs hold, and manage the ICIRA funds of the workers AmeriCareToday (ACT) Terms Copyright © 2009 AmeriCareToday