Discussion in 'Congress' started by RodISHI, May 20, 2017.
Half of the 15% on self employed is covered by the govt.
That is because it was an off-budget item, then when it was switched to an on-budget item it was pilfered.
Bummed or not, it needs a link or plagiarism will be triggered.
We had to pay ours in from our own pocketbooks.
Oh well, I liked it so bummed it and shared it. I snagged it from Rod's FB page and no I won't link that here.
Maybe the mods will never notice, or the spy bots.
You never did the SE form where you deduct the amount from the total due? It is on line 5 of form SE.
Deduction for one-half of self-employment tax. Multiply line 5 by 50% (0.50). Enter the result here and on Form 1040, line 27, or Form 1040NR, line 27
If not, you paid too much.
Does that mean the money is still there? Whew, for a minute there I was worried....
What money that was put in is there earning interest. The problem isn't the amount of money that was taken, but rather how little was put into the program in the first place. Originally workers were supposed to pay 6% of wages. Congress kept it at 2%, and in the 1950s turned the program into a reelection campaign fund. By 1960, an average couple expected to collect $8 for every $1 contributed on an investment adjusted basis.
The lesson here is that you can't sell dollars for dimes. The other lesson is that the problem isn't with the dime, it is the $0.90 that was never contributed that is the problem.
But it feels good to beat our chests about how the money was stolen, and the government cheated us. It feels better than hearing that we just weren't paying attention.
RodISHA, I’m a U.S. citizen and a populist that’s unaware of any populist factions of populists anywhere in the world that are not proponents of government policy to, (as is expressed within USA’s constitution’s preamble), “promote the general welfare” of their nations.
Many other national governments’ regulations and purposes are somewhat similar to United States Social Security’s regulations and purposes. The preponderance of those nations are, (similar to the United States), democratic republics.
Populists should be grateful for posts such as yours. They bolster our populist positions and reduce the political power of those that oppose us. No nation, particularly no democratic republic has or will ever rescind without satisfactorily replacing government regulations that provide for purposes similar to our Social Security regulations. Posts and other expressions such as yours serve to reduce the political powers of our enemies.
Gratefully yours, Supposn
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