Democrats and the media spewing more lies

[bigrebnc1775]

It won't hurt Socialist Insecurity because all the loot goes into and comes back out of the general fund....IOW, it's just a big transfer payment.

The turds in both parties have been skimming the hell out of the "trust fund" to buy votes for decades.

that's more than likely true but still the income tax holiday will not affect social security

Is it an "Income Tax" holiday or a "Payroll Tax" holiday?

Trump has said income tax

 

[Care4all]

That is because the Democrats that controlled Congress voted for SS funds to be general funds, their logic, if you can call it that, is that the US Government would keep track of what was owed and replace the funds. Of course one must ask where the money to repay what they took comes from since they spend every penny they get.

I believe it was president Johnson, that combined social security revenues and expenditures in to the total, overall budget, so that LBJ could mask the amount of tax dollars spent on the VietNam war/defense....by SS spending put in to the discretionary budget, it made the percent of tax monies spent on the war, a smaller percentage....

Johnson did not do this to steal SS Surplus monies to use for what income taxes should be paying....

There were no social security surplus funds to rob or borrow from, until Pres Reagan increased and doubled our payroll taxes on SS from 3% to 6%, two decades later.

 

[bigrebnc1775]

to those who work and get a paycheck when you read these figures you realize you'll still be paying FICA which is Social security and medicare
How much will each person receive?
It depends on your income. If you earn $100,000 or less annually before taxes, you’ll see each paycheck increase by about 6.2%. If you make $50,000 per year before taxes, you’ll see an extra $258 per month distributed across your paychecks. Over the four-month holiday period, you’d receive an extra $1,032.

15 Common Tax Write-Offs You Can Claim On Your Next Return

Taxpayers can take advantage of numerous deductions and credits on their taxes each year that can help them pay a lower amount of taxes—or receive a refund from the IRS. You may be able to claim the following 15 common write-offs, which include both tax credits and deductions. Additionally, you m

www.forbes.com

 

[bigrebnc1775]

That is because the Democrats that controlled Congress voted for SS funds to be general funds, their logic, if you can call it that, is that the US Government would keep track of what was owed and replace the funds. Of course one must ask where the money to repay what they took comes from since they spend every penny they get.

I believe it was president Johnson, that combined social security revenues and expenditures in to the total, overall budget, so that LBJ could mask the amount of tax dollars spent on the VietNam war/defense....by SS spending put in to the discretionary budget, it made the percent of tax monies spent on the war, a smaller percentage....

Johnson did not do this to steal SS Surplus monies to use for what income taxes should be paying....

There were no social security surplus funds to rob or borrow from, until Pres Reagan increased and doubled our payroll taxes on SS from 3% to 6%, two decades later.

It was Clinton who took social security and placed it into the general fund that gave him a surplus.

 

[RetiredGySgt]

That is because the Democrats that controlled Congress voted for SS funds to be general funds, their logic, if you can call it that, is that the US Government would keep track of what was owed and replace the funds. Of course one must ask where the money to repay what they took comes from since they spend every penny they get.

I believe it was president Johnson, that combined social security revenues and expenditures in to the total, overall budget, so that LBJ could mask the amount of tax dollars spent on the VietNam war/defense....by SS spending put in to the discretionary budget, it made the percent of tax monies spent on the war, a smaller percentage....

Johnson did not do this to steal SS Surplus monies to use for what income taxes should be paying....

There were no social security surplus funds to rob or borrow from, until Pres Reagan increased and doubled our payroll taxes on SS from 3% to 6%, two decades later.

It was Clinton who took social security and placed it into the general fund that gave him a surplus.

Yup Social Security was not part of the General fund until early 1990's under Clinton and before the republicans took over Congress.

 

[Slade3200]

I know everybody's heard it that President Trump's income tax holiday will bankrupt social security and take money away from the handicapped dependent.
It is not true since income tax and social security and medicare are a separate tax

Trumpâs payroll tax holiday wonât hurt Social Security, Mnuchin says

Payroll taxes fund Medicare and Social Security.

www.foxbusiness.com

I’m curious, did you even read that article before posting about it or did you just see the headline? Either way, would you explain how your OP aligns with these paragraphs from your link?

——
The payroll tax is paid separately from federal income taxes and funds Social Security and Medicare. Employers and employees each pay 6.2 percent for Social Security and 1.45 percent for Medicare, and an additional 0.9 percent is levied on the highest earners.


It is unclear what Mnuchin means when he said Congress would keep the trust fund “topped up,” but experts have warned that reserves could be depleted earlier than expected as a result of the financial effects of the pandemic.

An analysis conducted by researchers at the Penn Wharton Budget Model showed that Social Security is at risk of running out of funds as many as four years earlier than anticipated – in 2032 – depending on the shape of the U.S. economic recovery. Prior to the pandemic, the group had a 2036 estimate for the OASDI trust fund.

A separate analysis estimated that Social Security’s funding may run dry as soon as 2029.

A decline in payroll taxes is expected to be primarily responsible for draining Social Security’s coffers more quickly, given the dramatic rise in unemployment numbers. Unemployment compensation is not subject to payroll taxes. Deferring, and forgiving, payroll taxes may accelerate the timeline.

I'm curious have you ever received a paycheck?
Take your time before you answer.

Yes I have. Now answer my question please

I told you there are three separate taxes that come out of a payroll check
question answered

How do 3 taxes make what the Dems are saying a lie?

the lie is the tax holiday will affect social security
it will not because of the separate tax.

You article from fox business says otherwise. I posted the section.

So you don't have a job

i do have a job. Why can’t you address the subject? Your article contradicts your point. What say you?

 

[Kondor3]

It won't hurt Socialist Insecurity because all the loot goes into and comes back out of the general fund....IOW, it's just a big transfer payment.

The turds in both parties have been skimming the hell out of the "trust fund" to buy votes for decades.

that's more than likely true but still the income tax holiday will not affect social security

Is it an "Income Tax" holiday or a "Payroll Tax" holiday?

Trump has said income tax

Rump has ALSO called it a "Payroll Tax" (Employment Tax) holiday...

The White House website contains an action-memorandum styling it as a Payroll Tax deferral (holiday)...

https://www.whitehouse.gov/presidential-actions/memorandum-deferring-payroll-tax-obligations-light-ongoing-covid-19-disaster/

The IRS website contains an FAQ page styling it as an Employment (Payroll) Tax deferral (holiday)...

And, that same FAQ page references Employment (Payroll) Taxes as pertaining to the funding of Social Security et al...

Sorry...

Looks like it's a Payroll Tax holiday, after all...

And, of course, the Payroll Tax is the primary engine for fueling the Social Security and Medicare programs...

That is a Deal Breaker in an election year...

Not exactly the brightest crayons in the box... the Orange Baboon-God and his minions and mini-me's...

 

[busybee01]

I know everybody's heard it that President Trump's income tax holiday will bankrupt social security and take money away from the handicapped dependent.
It is not true since income tax and social security and medicare are a separate tax

Trumpâs payroll tax holiday wonât hurt Social Security, Mnuchin says

Payroll taxes fund Medicare and Social Security.

www.foxbusiness.com

It doesn't matter. Congress has to agree to this. Nothing will happen as employers will continue to withhold payroll taxes.

 

[BluesLegend]

It won't hurt Socialist Insecurity because all the loot goes into and comes back out of the general fund....IOW, it's just a big transfer payment.

The turds in both parties have been skimming the hell out of the "trust fund" to buy votes for decades.

Come on man, congress gave the SS trust fund IOU's. Reagan increased the SS tax to build a surplus to cover the baby boomer retirement benefits. Our pals in congress took the money and spent every dime of it on other crap. Thanks congress you assholes.

 

[bigrebnc1775]

I know everybody's heard it that President Trump's income tax holiday will bankrupt social security and take money away from the handicapped dependent.
It is not true since income tax and social security and medicare are a separate tax

Trumpâs payroll tax holiday wonât hurt Social Security, Mnuchin says

Payroll taxes fund Medicare and Social Security.

www.foxbusiness.com

I’m curious, did you even read that article before posting about it or did you just see the headline? Either way, would you explain how your OP aligns with these paragraphs from your link?

——
The payroll tax is paid separately from federal income taxes and funds Social Security and Medicare. Employers and employees each pay 6.2 percent for Social Security and 1.45 percent for Medicare, and an additional 0.9 percent is levied on the highest earners.


It is unclear what Mnuchin means when he said Congress would keep the trust fund “topped up,” but experts have warned that reserves could be depleted earlier than expected as a result of the financial effects of the pandemic.

An analysis conducted by researchers at the Penn Wharton Budget Model showed that Social Security is at risk of running out of funds as many as four years earlier than anticipated – in 2032 – depending on the shape of the U.S. economic recovery. Prior to the pandemic, the group had a 2036 estimate for the OASDI trust fund.

A separate analysis estimated that Social Security’s funding may run dry as soon as 2029.

A decline in payroll taxes is expected to be primarily responsible for draining Social Security’s coffers more quickly, given the dramatic rise in unemployment numbers. Unemployment compensation is not subject to payroll taxes. Deferring, and forgiving, payroll taxes may accelerate the timeline.

I'm curious have you ever received a paycheck?
Take your time before you answer.

Yes I have. Now answer my question please

I told you there are three separate taxes that come out of a payroll check
question answered

How do 3 taxes make what the Dems are saying a lie?

the lie is the tax holiday will affect social security
it will not because of the separate tax.

You article from fox business says otherwise. I posted the section.

So you don't have a job

i do have a job. Why can’t you address the subject? Your article contradicts your point. What say you?

if that were true you would know social security is a separate tax

 

[Gaeandilth]

Social Security been failing for years. The Democrats are always saying the Republicans are going to ruin it. When the actual Truth is they ruined it long ago and have been stealing from it since Lyndon Johnson.

 

[bigrebnc1775]

I know everybody's heard it that President Trump's income tax holiday will bankrupt social security and take money away from the handicapped dependent.
It is not true since income tax and social security and medicare are a separate tax

Trumpâs payroll tax holiday wonât hurt Social Security, Mnuchin says

Payroll taxes fund Medicare and Social Security.

www.foxbusiness.com

It doesn't matter. Congress has to agree to this. Nothing will happen as employers will continue to withhold payroll taxes.

Not on an executive order Congress has no say.

 

[bigrebnc1775]

It won't hurt Socialist Insecurity because all the loot goes into and comes back out of the general fund....IOW, it's just a big transfer payment.

The turds in both parties have been skimming the hell out of the "trust fund" to buy votes for decades.

that's more than likely true but still the income tax holiday will not affect social security

Is it an "Income Tax" holiday or a "Payroll Tax" holiday?

Trump has said income tax

Rump has ALSO called it a "Payroll Tax" (Employment Tax) holiday...

The White House website contains an action-memorandum styling it as a Payroll Tax deferral (holiday)...

https://www.whitehouse.gov/presidential-actions/memorandum-deferring-payroll-tax-obligations-light-ongoing-covid-19-disaster/

The IRS website contains an FAQ page styling it as an Employment (Payroll) Tax deferral (holiday)...

And, that same FAQ page references Employment (Payroll) Taxes as pertaining to the funding of Social Security et al...

Sorry...

Looks like it's a Payroll Tax holiday, after all...

And, of course, the Payroll Tax is the primary engine for fueling the Social Security and Medicare programs...

That is a Deal Breaker in an election year...

Not exactly the brightest crayons in the box... the Orange Baboon-God and his minions and mini-me's...

As I posted this in post number 43
to those who work and get a paycheck when you read these figures you realize you'll still be paying FICA which is Social security and medicare
How much will each person receive?
It depends on your income. If you earn $100,000 or less annually before taxes, you’ll see each paycheck increase by about 6.2%. If you make $50,000 per year before taxes, you’ll see an extra $258 per month distributed across your paychecks. Over the four-month holiday period, you’d receive an extra $1,032.

 

[Care4all]

That is because the Democrats that controlled Congress voted for SS funds to be general funds, their logic, if you can call it that, is that the US Government would keep track of what was owed and replace the funds. Of course one must ask where the money to repay what they took comes from since they spend every penny they get.

I believe it was president Johnson, that combined social security revenues and expenditures in to the total, overall budget, so that LBJ could mask the amount of tax dollars spent on the VietNam war/defense....by SS spending put in to the discretionary budget, it made the percent of tax monies spent on the war, a smaller percentage....

Johnson did not do this to steal SS Surplus monies to use for what income taxes should be paying....

There were no social security surplus funds to rob or borrow from, until Pres Reagan increased and doubled our payroll taxes on SS from 3% to 6%, two decades later.

It was Clinton who took social security and placed it into the general fund that gave him a surplus.

Yup Social Security was not part of the General fund until early 1990's under Clinton and before the republicans took over Congress.

Johnson added SS to the US BUDGET,

Tax increases for Social Security were doubled during Reagan, so SS surplus tax collection began shortly afterwards.... Bush 1, was the first to have SS surplus funds in the general budget, that was spent via borrowing them, by Congress, not Clinton....

BUT under Clinton and Bush 2, there were hundreds of billions of excess/surplus social security taxes collected and borrowed on....

 

[Dragonlady]

I know everybody's heard it that President Trump's income tax holiday will bankrupt social security and take money away from the handicapped dependent.
It is not true since income tax and social security and medicare are a separate tax

Trumpâs payroll tax holiday wonât hurt Social Security, Mnuchin says

Payroll taxes fund Medicare and Social Security.

www.foxbusiness.com

It's not an "income tax" holiday. It's a 15% withholding tax holiday. The Social Security and Medicare portion of federal taxes. So yes, it will defund SS and Medicare.

 

[JustAGuy1]

That is because the Democrats that controlled Congress voted for SS funds to be general funds, their logic, if you can call it that, is that the US Government would keep track of what was owed and replace the funds. Of course one must ask where the money to repay what they took comes from since they spend every penny they get.

I believe it was president Johnson, that combined social security revenues and expenditures in to the total, overall budget, so that LBJ could mask the amount of tax dollars spent on the VietNam war/defense....by SS spending put in to the discretionary budget, it made the percent of tax monies spent on the war, a smaller percentage....

Johnson did not do this to steal SS Surplus monies to use for what income taxes should be paying....

There were no social security surplus funds to rob or borrow from, until Pres Reagan increased and doubled our payroll taxes on SS from 3% to 6%, two decades later.

It was Clinton who took social security and placed it into the general fund that gave him a surplus.

Yup Social Security was not part of the General fund until early 1990's under Clinton and before the republicans took over Congress.

Johnson added SS to the US BUDGET,

Tax increases for Social Security were doubled during Reagan, so SS surplus tax collection began shortly afterwards.... Bush 1, was the first to have SS surplus funds in the general budget, that was spent via borrowing them, by Congress, not Clinton....

BUT under Clinton and Bush 2, there were hundreds of billions of excess/surplus social security taxes collected and borrowed on....

Why is it you never post links?

 

[progressive hunter]

I know everybody's heard it that President Trump's income tax holiday will bankrupt social security and take money away from the handicapped dependent.
It is not true since income tax and social security and medicare are a separate tax

Trumpâs payroll tax holiday wonât hurt Social Security, Mnuchin says

Payroll taxes fund Medicare and Social Security.

www.foxbusiness.com

It's not an "income tax" holiday. It's a 15% withholding tax holiday. The Social Security and Medicare portion of federal taxes. So yes, it will defund SS and Medicare.

you really need to mind your own business and show a little respect on this US forum,,you are a guest after all,,,

 

[Care4all]

That is because the Democrats that controlled Congress voted for SS funds to be general funds, their logic, if you can call it that, is that the US Government would keep track of what was owed and replace the funds. Of course one must ask where the money to repay what they took comes from since they spend every penny they get.

I believe it was president Johnson, that combined social security revenues and expenditures in to the total, overall budget, so that LBJ could mask the amount of tax dollars spent on the VietNam war/defense....by SS spending put in to the discretionary budget, it made the percent of tax monies spent on the war, a smaller percentage....

Johnson did not do this to steal SS Surplus monies to use for what income taxes should be paying....

There were no social security surplus funds to rob or borrow from, until Pres Reagan increased and doubled our payroll taxes on SS from 3% to 6%, two decades later.

It was Clinton who took social security and placed it into the general fund that gave him a surplus.

Yup Social Security was not part of the General fund until early 1990's under Clinton and before the republicans took over Congress.

Johnson added SS to the US BUDGET,

Tax increases for Social Security were doubled during Reagan, so SS surplus tax collection began shortly afterwards.... Bush 1, was the first to have SS surplus funds in the general budget, that was spent via borrowing them, by Congress, not Clinton....

BUT under Clinton and Bush 2, there were hundreds of billions of excess/surplus social security taxes collected and borrowed on....

Why is it you never post links?

Did the guy i responded to post a link? Why would you need one from me, and not him?

http://pithocrates.com/wp-content/uploads/2013/02/Social-Security-Receipts-Outlays-Surplus-1990-2012.png

LBJ Did NOT Steal Social Security Funds, by Tom Margenau

Poor Lyndon Johnson. When it comes to Social Security, he gets blamed for something he never did.

www.creators.com

.

 

[Oddball]

That is because the Democrats that controlled Congress voted for SS funds to be general funds, their logic, if you can call it that, is that the US Government would keep track of what was owed and replace the funds. Of course one must ask where the money to repay what they took comes from since they spend every penny they get.

I believe it was president Johnson, that combined social security revenues and expenditures in to the total, overall budget, so that LBJ could mask the amount of tax dollars spent on the VietNam war/defense....by SS spending put in to the discretionary budget, it made the percent of tax monies spent on the war, a smaller percentage....

Johnson did not do this to steal SS Surplus monies to use for what income taxes should be paying....

There were no social security surplus funds to rob or borrow from, until Pres Reagan increased and doubled our payroll taxes on SS from 3% to 6%, two decades later.

It was Clinton who took social security and placed it into the general fund that gave him a surplus.

Yup Social Security was not part of the General fund until early 1990's under Clinton and before the republicans took over Congress.

Johnson added SS to the US BUDGET,

Tax increases for Social Security were doubled during Reagan, so SS surplus tax collection began shortly afterwards.... Bush 1, was the first to have SS surplus funds in the general budget, that was spent via borrowing them, by Congress, not Clinton....

BUT under Clinton and Bush 2, there were hundreds of billions of excess/surplus social security taxes collected and borrowed on....

BUT under Clinton and Bush 2, there were hundreds of billions of excess/surplus social security taxes collected and borrowed on....

No, those funds were spent as soon as they came in the door.

 

[Slade3200]

I know everybody's heard it that President Trump's income tax holiday will bankrupt social security and take money away from the handicapped dependent.
It is not true since income tax and social security and medicare are a separate tax

Trumpâs payroll tax holiday wonât hurt Social Security, Mnuchin says

Payroll taxes fund Medicare and Social Security.

www.foxbusiness.com

I’m curious, did you even read that article before posting about it or did you just see the headline? Either way, would you explain how your OP aligns with these paragraphs from your link?

——
The payroll tax is paid separately from federal income taxes and funds Social Security and Medicare. Employers and employees each pay 6.2 percent for Social Security and 1.45 percent for Medicare, and an additional 0.9 percent is levied on the highest earners.


It is unclear what Mnuchin means when he said Congress would keep the trust fund “topped up,” but experts have warned that reserves could be depleted earlier than expected as a result of the financial effects of the pandemic.

An analysis conducted by researchers at the Penn Wharton Budget Model showed that Social Security is at risk of running out of funds as many as four years earlier than anticipated – in 2032 – depending on the shape of the U.S. economic recovery. Prior to the pandemic, the group had a 2036 estimate for the OASDI trust fund.

A separate analysis estimated that Social Security’s funding may run dry as soon as 2029.

A decline in payroll taxes is expected to be primarily responsible for draining Social Security’s coffers more quickly, given the dramatic rise in unemployment numbers. Unemployment compensation is not subject to payroll taxes. Deferring, and forgiving, payroll taxes may accelerate the timeline.

I'm curious have you ever received a paycheck?
Take your time before you answer.

Yes I have. Now answer my question please

I told you there are three separate taxes that come out of a payroll check
question answered

How do 3 taxes make what the Dems are saying a lie?

the lie is the tax holiday will affect social security
it will not because of the separate tax.

You article from fox business says otherwise. I posted the section.

So you don't have a job

i do have a job. Why can’t you address the subject? Your article contradicts your point. What say you?

if that were true you would know social security is a separate tax

Social security is a tax that would be effected by Trumps payroll tax cut. there really isn’t debate over that, except for some spun up narrative that you’ve clutched to. You’re article contradicts your point and since you are failing time and time again to explain yourself and give a rational answer to questions the only conclusion is that you are full of shit. Happy for you to prove me wrong and present an intelligent argument to make your point