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To address the new, and misleading information on FICA
by Ziks511 - 12/10/12 11:19 PM
I have done some research.
http://www.cbsnews.com/8301-503544_162-57380261-503544/congress-passes-extension-of-payroll-tax-cut-unemployment-benefits/
"Congressional negotiators signed off on the House-Senate compromise package Thursday night, after two Maryland Democrats signaled their support despite objections to provisions impacting federal employees.
"The bill passed with a vote of 293-132, with 91 Republicans and 41 Democrats voting against it.
"The Senate approved the bill shortly after the House, in a 60-36 vote. Fourteen Republicans voted for the bill; five Democrats voted against it. Four senators abstained.
"The payroll tax break gives workers a 2 percent tax break in their paycheck, and will benefit 160 million working Americans. The average worker will receive a $1,000 tax break over the course of the year."
So, it has not been in place for 4 years as you indicated but was passed in February 2012. It is not a complete suspension of collecting all FICA taxes as you indicated, but was the reduction of FICA by 2% per taxpayer.
And you accuse me of twisting facts.
So for the 27% whom you assert pay no taxes and are therefore existing through accepting Federal handouts foodstamps etc. it appears that they continue to pay 98% of their assessment. The FICA break actually puts money in workers hands, and makes it less likely that they might need assistance. But they are still paying the remainder of their taxes via their employers into the Federal Coffers.
So, Toni., Is one entitled to hope that you have Lied for the last time I trust??. Or do your handlers have further fictions to disseminate through your gullible self. Your assertions re: FICA are a farrago of lies and misrepresentation, and do not change in the slightest the fact that more than 74% of all Americans pay Federal taxes, that many who receive Social Security whose income is above a certain level also pay taxes, the Working Poor pay taxes, even down below the $20,000.
I doubt that the number of people who are dependent on Federal dollars exceeds 15% of the total potential work force, and as noted, other than the Disabled and those whose only income is Social Security, and some other small categories, only 2% of the non-Working population receive benefits.
http://www.brookings.edu/blogs/jobs/posts/2012/04/06-jobs-greenstone-looney
"A popular myth swirling around Washington, DC, and throughout the media
these days is that many Americans do not pay taxes, and are therefore
free-riding off of our society without contributing themselves. This has
even been referred to by some as a "new orthodoxy."
The origin of this misconception is the observation that only about 54
percent of American households paid federal income taxes during
recession-affected 2011. But that statistic is misleading because it
provides an incomplete picture of the overall tax burden on American
families, and because it incorporates individuals who naturally
shouldn't be paying taxes because of their age or economic circumstances
due to the Recession. A closer look reveals that nearly all Americans
do, in fact, pay taxes."
In re: EITC etc.
"But these credits are also an important component of the progressive
tax system that help offset the burden of other taxes and raise poor
working families out of poverty. Credits like the EITC and CTC have
helped to reduce poverty, provide economic security, and offset
declining labor-market opportunities for low-income workers. The EITC
alone is responsible for raising 6.6 million children
out of poverty. Perhaps most importantly, these credits expand the
number of people contributing to the economy by causing many additional
Americans to participate in the labor force and causing others to work
more hours.
"While this helps explain the declining number of low income families
paying federal income tax, it does not address one key point: federal
income taxes are only one component of the broader federal, state, and
local tax system, and only one way in which Americans are able to
contribute their fair share through taxes. Indeed, while some families
do not pay federal income taxes, these households do pay other forms of
taxes. Those who focus exclusively on the federal income tax ignore one
of the most significant federal tax burdens on workers—the payroll tax.
In fact, most Americans pay more in payroll taxes than in income taxes."
I can only pray that this will shut you up, because you have an extraordinary aversion to accepting facts which contradict your preconceptions, or you "Group Think" or your "Indoctrination".
Have you ever read 1984, Toni? because you appear to be exhibiting all the symptoms of Big Brother's propaganda.
Sadly, 1984 was not published in (19)47 which would have been convenient and very appropriate fo further crush your fiction. It was merely completed in '47. It was published in 1948, hence the reversed 4 and 8 in 1984.
Rob
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