Why does Social Secharity sound like Social Security?
We want people to recognize the similarity. They are similar in function but different in outcome.
Social Security is a social benefit enacted by the US Congress.
Social Secharity is a social benefit enacted by the US Congress.
Social Security is a mandatory tax to create income.
Social Secharity is a voluntary gift to create income.
Social Security income is paid by the US Government.
Social Secharity income is paid by a qualified trust.
Social Security leaves nothing in your community.
Social Secharity leaves everything in your community.
Both intended to create income later in life.
Both can help family members (but Social Security is restrictive).
Social Security relies on social capital as a tax.
Social Secharity relies on social capital as a gift.
Social Security is taxed as ordinary income.
Social Secharity may be taxed as ordinary income, long term capital gains, tax free income or return of principle.
Social Security tax is not deductible.
Social Secharity contribution has tax deduction.
Social Security benefits are limited.
Social Secharity benefits are unlimited.
Social Security has no flexibility.
Social Secharity has great flexibility.
Social Security requires wages and cash withdrawal.
Social Secharity can receive non cash assets.
Social Security provides $255 for burial.
Social Secharity provides an endowment into the community.
Social Security provides disability benefits.
Social Secharity can be used as disability benefits.
Social Security provides a widower or widow income until no children under 16 and after age 60.
Social Secharity can provide a widower or widow income until no children under 16 and after age 60.
Social Security doesn’t pay widower or widow income between youngest age 16 and 60.
Social Secharity can pay widower or widow income between youngest age 16 and 60.
Disclaimer: Social Secharity is a registered trademark of the Advisors in Philanthropy Foundation, a 501(c)(3) IRC Organization. The Foundation and its programs, including the Council of Professional Philanthropic Advisors, are not directly affiliated with the International Association of Advisors in Philanthropy (AIP), The American College (CAP® program), or any other institution or organization.