Let us not forget who dipped into SOCIAL SECURITY

Discussion in 'Congress' started by RodISHI, May 20, 2017.

  1. Moonglow
    Online

    Moonglow Diamond Member

    Top Poster Of Month

    Joined:
    Jun 27, 2011
    Messages:
    119,878
    Thanks Received:
    10,729
    Trophy Points:
    2,070
    Location:
    sw mizzouri
    Ratings:
    +50,511
    Half of the 15% on self employed is covered by the govt.
     
  2. Moonglow
    Online

    Moonglow Diamond Member

    Top Poster Of Month

    Joined:
    Jun 27, 2011
    Messages:
    119,878
    Thanks Received:
    10,729
    Trophy Points:
    2,070
    Location:
    sw mizzouri
    Ratings:
    +50,511
    That is because it was an off-budget item, then when it was switched to an on-budget item it was pilfered.
     
  3. Moonglow
    Online

    Moonglow Diamond Member

    Top Poster Of Month

    Joined:
    Jun 27, 2011
    Messages:
    119,878
    Thanks Received:
    10,729
    Trophy Points:
    2,070
    Location:
    sw mizzouri
    Ratings:
    +50,511
    Bummed or not, it needs a link or plagiarism will be triggered.
     
  4. RodISHI
    Offline

    RodISHI Gold Member

    Joined:
    Nov 29, 2008
    Messages:
    17,460
    Thanks Received:
    4,797
    Trophy Points:
    280
    Ratings:
    +11,919
    We had to pay ours in from our own pocketbooks.
     
  5. RodISHI
    Offline

    RodISHI Gold Member

    Joined:
    Nov 29, 2008
    Messages:
    17,460
    Thanks Received:
    4,797
    Trophy Points:
    280
    Ratings:
    +11,919
    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.
     
  6. Moonglow
    Online

    Moonglow Diamond Member

    Top Poster Of Month

    Joined:
    Jun 27, 2011
    Messages:
    119,878
    Thanks Received:
    10,729
    Trophy Points:
    2,070
    Location:
    sw mizzouri
    Ratings:
    +50,511
    Maybe the mods will never notice, or the spy bots.
     
  7. Moonglow
    Online

    Moonglow Diamond Member

    Top Poster Of Month

    Joined:
    Jun 27, 2011
    Messages:
    119,878
    Thanks Received:
    10,729
    Trophy Points:
    2,070
    Location:
    sw mizzouri
    Ratings:
    +50,511
    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.
     
  8. The Irish Ram
    Offline

    The Irish Ram LITTLE GIRL / Ram Tough

    Joined:
    Apr 10, 2011
    Messages:
    14,712
    Thanks Received:
    3,512
    Trophy Points:
    280
    Location:
    diagonally parked in a parallel universe
    Ratings:
    +14,338
    Does that mean the money is still there? Whew, for a minute there I was worried....
     
  9. JoeTheEconomist
    Offline

    JoeTheEconomist VIP Member

    Joined:
    Sep 4, 2015
    Messages:
    531
    Thanks Received:
    62
    Trophy Points:
    80
    Ratings:
    +154
    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.
     
    • Agree Agree x 1
  10. Supposn
    Offline

    Supposn VIP Member

    Joined:
    Jul 26, 2009
    Messages:
    1,321
    Thanks Received:
    44
    Trophy Points:
    71
    Ratings:
    +100
    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
     
    • Agree Agree x 1

Share This Page