FACT: This information is completely false. Members of Congress pay income taxes just like every other American. The U.S. tax code states that everyone who receives revenue must pay an income tax, including Representatives and Senators.
How much do senators make a month?
Salaries of members of the United States Congress
| Position | Salary |
|---|---|
| Senators and House Representatives | $174,000 |
| Resident Commissioner from Puerto Rico | $174,000 |
| President pro tempore of the Senate | $193,400 |
| Majority leader and minority leader of the Senate | $193,400 |
Who is the richest Canadian?
David Thomson and family
The richest 1% controlled 26% of Canada’s wealth in 2016, according to a Parliamentary Budget Office (PBO) report….One year later: Canadian billionaire wealth up by $78 billion.
| Name | David Thomson and family |
|---|---|
| Forbes ranking, Mar. 2020 3 | 1 |
| Wealth ($ bil), March 18, 2020 | $39.9 |
| Wealth ($ bil), April 7, 2021 | $54.3 |
| Change ($ bil) | $14.4 |
Why do senators and congresswomen not pay into social security?
Our Senators and Congresswomen do not pay into Social Security and, of course, they do not collect from it. You see, Social Security benefits were not suitable for persons of their rare elevation in society. They felt they should have a special plan for themselves. So, many years ago they voted in their own benefit plan.
What’s the average Social Security benefit of a US Senator?
Or, in other words, we would have to collect our average of $1,000 monthly benefits for 68 years and one (1) month to equal Senator Bill Bradley’s benefits! Social Security could be very good if only one small change were made. That change would be to jerk the Golden Fleece Retirement Plan from under the Senators and Congressmen.
When did members of Congress become eligible for Social Security?
These amendments also required all Members of Congress to participate in Social Security as of January 1, 1984, regardless of when they first entered Congress. Because CSRS was not designed to coordinate with Social Security, Congress directed the development of a new retirement plan for federal workers.
Where does the money come from for a Senator’s retirement?
This is calculated on an average life span for each. This would be well and good, except that they paid nothing in on any kind of retirement, and neither does any other Senator or Congressman. This fine retirement comes right out of the General Fund: our tax money. While we who pay for it all, draw an average of $1000/month from Social Security.
