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IF OBAMA'S JOB PLAN IS TO CUT PAYROLL TAXES, IT'S GOING TO CUT YOUR FUTURE BENEFIT-11 TRILLION DOLLARS HAS BEEN TAKEN OUT OF THE SOCIAL SECURITY FUND AND AN IOU PUT IN, THAT IS WHY SOCIAL SECURITY IS A DRAIN ON THE ECONOMY, AND THEY WANT TO CUT MORE?
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Social Security
IF OBAMA'S JOB PLAN IS TO CUT PAYROLL TAXES, IT'S GOING TO CUT YOUR FUTURE BENEFIT-11 TRILLION DOLLARS HAS BEEN TAKEN OUT OF THE SOCIAL SECURITY FUND AND AN IOU PUT IN, THAT IS WHY SOCIAL SECURITY IS A DRAIN ON THE ECONOMY, AND THEY WANT TO CUT MORE?
<font face="arial, helvetica, sans-serif" size="1"><div>You worked hard for it. Now talk to others on how to save Social Security.</div></font>
I HAVE DONE PAYROLL FOR MANY YEARS. ON YOUR CHECK YOU WILL SEE WHERE FICA TAX IF TAKEN OUT (USED TO BE 7.5%) AND THE COMPANY YOU WORK FOR MATCHES YOUR FICA TAX, SOMETHING THAT MOST PEOPLE DO NOT
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Cat:7a9899c6-bb01-48a5-bd56-e73d9d7e3998Forum:17f83b76-a805-4002-b497-6dbb421b0b8aDiscussion:0d54a5ff-e5a3-4adc-ba5c-1ce70c6967d4
Forums » Work & Retirement » Social Security » IF OBAMA'S JOB PLAN IS TO CUT PAYROLL TAXES, IT'S GOING TO CUT YOUR FUTURE BENEFIT-11 TRILLION DOLLARS HAS BEEN TAKEN OUT OF THE SOCIAL SECURITY FUND AND AN IOU PUT IN, THAT IS WHY SOCIAL SECURITY IS A DRAIN ON THE ECONOMY, AND THEY WANT TO CUT MORE?
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IF OBAMA'S JOB PLAN IS TO CUT PAYROLL TAXES, IT'S GOING TO CUT YOUR FUTURE BENEFIT-11 TRILLION DOLLARS HAS BEEN TAKEN OUT OF THE SOCIAL SECURITY FUND AND AN IOU PUT IN, THAT IS WHY SOCIAL SECURITY IS A DRAIN ON THE ECONOMY, AND THEY WANT TO CUT MORE?
Posts: 22
First: October 5, 2011 Last: January 15, 2012 |
I HAVE DONE PAYROLL FOR MANY YEARS. ON YOUR CHECK YOU WILL SEE WHERE FICA TAX IF TAKEN OUT (USED TO BE 7.5%) AND THE COMPANY YOU WORK FOR MATCHES YOUR FICA TAX, SOMETHING THAT MOST PEOPLE DO NOT KNOW!! NOW OBAMA'S JOB PLAN IS TO CUT PAYROLL TAXES?? DOES THE PUBLIC REALIZE THAT BY CUTTING PAYROLL TAXES, WHICH NOW IS FEEDING AND FUNDING CURRENT SOCIAL SECURITY RECEPIENTS, IT WILL REDUCE THE AMOUNT OF SOCIAL SECURITY YOU WILL RECEIVE LATER ON WHEN YOU ARE READY TO RETIRE. THE FICA TAX WITHHELD FROM YOUR PAYROLL CHECK IS MATCHED BY THE COMPANY YOU WORK FOR. SO IF PAYROLL TAXES ARE REDUCED, IN THE LONG RUN, IT IS GOING TO CUT THE AMOUNT YOU RECEIVE WHEN YOU RETIRE AND START RECEIVING SOCIAL SECURITY, BECAUSE THE AMOUNT YOU GET FROM SOCIAL SECURITY IS BASED MOSTLY ON HOW MUCH MONEY YOU MADE BY THE THE AMOUNT OF FICA TAX THAT WAS WITHHELD FROM YOUR PAYROLL TAX, THE FICA TAX. (HAS NOTHING TO DO WITH FEDERAL TAX OR STATE TAX WITHHELD-THAT HAS NOTHING TO DO WITH SOCIAL SECURITY, JUST YOUR IRS TAXES). SO IF HE PLANS TO CUT PAYROLL TAXES, THE AMOUNT OF MONEY YOU RECEIVE WILL BE REDUCED...COMPANIES ARE NOT HIRING DUE TO HIS OBAMA CARE, IF HE WOULD JUST LISTEN TO THE COMPANIES, THE MEDIA HAS EXPLORED THIS WITH COMPANIES AND THEY HAVE TOLD THE MEDIA THE REASON THEY ARE NOT HIRING IS DUE TO THE OBAMA CARE, THEY ARE JUST LETTING THE EMPLOYEES ALREADY HIRED WORK MORE HOURS SO THEY DO NOT HAVE TO HIRE NEW EMPLOYEES AND HAVE TO UTILIZE THE OBAMA CARE BENEFIT, WHICH THE COMPANY WILL HAVE TO PAY FOR. SO OBAMA, CUTTING PAYROLL TAXES (SINCE I HAVE DONE PAYROLL FOR OVER 20 YEARS NOW) IS GOING TO HURT THE FUNDING OF THE CURRENT PAYROLL FOR SOCIAL SECURITY RECEIPEIENTS AND IN THE FUTURE IT IS GOING TO REDUCE THE AMOUNT OF SOCIAL SECURITY YOU GET, SINCE SOCIAL SECURITY AMOUNTS WHEN YOU RETIRE ARE CALCULATED BY THE AMOUNT OF MONEY YOU MAKE, THEN THE FICA TAX IS 7.5% OF YOUR PAYROLL AND THE COMPANY MATCHES IT (WHICH WILL BE CHEAPER THAN THE OBAMA CARE). AND SINCE JOE SCARBORO ON THE MORNING JOE SHOW SAID, THE GOVERNMENT HAS TAKEN OUT 11 TRILLION DOLLARS FROM THE SOCIAL SECURITY FUND AND PUT AN IOU IN IT. MORNING JOE THOUGHT EVERYBODY KNEW THAT, I DID NOT. THAT IS WHY THEY ARE WORRYING AND TRYING TO CUT SOCIAL SECURITY, HOW DARE THEY TRY AND CUT SOCIAL SECURITY WHEN THEY STOLE 11 TRILLION DOLLARS FROM THE SOCIAL SECURITY FUND. I CANNOT BELEIVE THAT AN INVESTIGATION HAS NOT BEEN DONE ON THIS MATTER!! SO THAT IS WHY SOCIAL SECURITY IS A DRAIN ON THE ECONOMY, THEY (GOVERNMENT) STOLE 11 TRILLION DOLLARS FROM THE SOCIAL SECURITY FUND, AND PUT AN IOU IN THE FUND!!! PEOPLE WAKE UP, AARP, PLEASE INVESTIGATE THIS, SOCIAL SECURITY WOULD NOT BE A DRAIN ON THE ECONOMY IF OUR 11 TRILLION DOLLARS HAD NOT BEEN TAKEN OUT OF THE FUND. IF THIS HAPPENED TO A BANK OR ANOTHER COMPANY, YOU BET IT WOULD BE INVESTIGATED, THIS 11 TRILLION DOLLARS IS WORSE THAN THE MADOFF SCHEME!!! AARP PLEASE HELP US ON THIS MATTER!! |
Posts: 3
First: November 30, 2011 Last: December 19, 2011 |
Meanwhile, how many present day seniors are getting any of the stimulus provided bh iths tax holiday. Unless you are still working and continue to have payroll taxes from your check, you are EXEMPT from and benefits that are being provided on the backs of future SS recipients. |
Posts: 12532
First: February 29, 2008 Last: May 17, 2013 |
In Response to IF OBAMA'S JOB PLAN IS TO CUT PAYROLL TAXES, IT'S GOING TO CUT YOUR FUTURE BENEFIT-11 TRILLION DOLLARS HAS BEEN TAKEN OUT OF THE SOCIAL SECURITY FUND AND AN IOU PUT IN, THAT IS WHY SOCIAL SECURITY IS A DRAIN ON THE ECONOMY, AND THEY WANT TO CUT MORE?: [QUOTE]I HAVE DONE PAYROLL FOR MANY YEARS. ON YOUR CHECK YOU WILL SEE WHERE FICA TAX IF TAKEN OUT (USED TO BE 7.5%) AND THE COMPANY YOU WORK FOR MATCHES YOUR FICA TAX, SOMETHING THAT MOST PEOPLE DO NOT KNOW!! NOW OBAMA'S JOB PLAN IS TO CUT PAYROLL TAXES?? DOES THE PUBLIC REALIZE THAT BY CUTTING PAYROLL TAXES, WHICH NOW IS FEEDING AND FUNDING CURRENT SOCIAL SECURITY RECEPIENTS, IT WILL REDUCE THE AMOUNT OF SOCIAL SECURITY YOU WILL RECEIVE LATER ON FICA tax w/holdings(SS) are based on GROSS INCOME and the FED TAX WH has nothing to do with it. I was just in the ER and the nurse was from TORONTO & kept her nursing license for CANADA and going back there. She said our USA healthcare system is the worst in the world. The healthcare reform ( that you refer to as OBAMACARE ) is the SAME PLAN that Republicans had wanted before and now because the democrats have introduced it...the republicans now don't want it. One of the forrunners---ROMNEY introduced the same kind of healthcare in MA when he was GOV. People aren't HIRING because they aren't SELLING STUFF. WAGES have not kept up with expenses for DECADES and people have maxed out on their credit. Corporations that are still here in the states are still making obsene profits selling overseas. Small Businesses 8 out of 10 fail----most just incorporate for tax writeoffs and for the public to rely on them for hiring is ridiculous. We have technology and automation taking the place of people......and our population is too great. Still there is no stop to immigration and the republicans don't even want to subsidize Planned Parenthood. |
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Posts: 3
First: November 30, 2011 Last: December 19, 2011 |
While Democrats CLAIM to be looking out after Seniors, THEY were the ones that are taking $500 Billion from Medicare over 10 years as part of Obama Care and NOW THEY are the ones that proposed the Payroll Tax Cut and are INSISTING that it be extended for another year, futher reducing the viability of the system while DENYING the recipients of the system to participate in the so-called "stimulus" that is being provided by these cuts. It appears that NEITHER party is looking out for seniors, and with the silence coming from AARP, I am beginning to doubt their concern. |
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Posts: 1
First: December 19, 2011 Last: December 19, 2011 |
In Response to Re: IF OBAMA'S JOB PLAN IS TO CUT PAYROLL TAXES, IT'S GOING TO CUT YOUR FUTURE BENEFIT-11 TRILLION DOLLARS HAS BEEN TAKEN OUT OF THE SOCIAL SECURITY FUND AND AN IOU PUT IN, THAT IS WHY SOCIAL SECURITY IS A DRAIN ON THE ECONOMY, AND THEY WANT TO CUT MORE?: Meanwhile, how many present day seniors are getting any of the stimulus provided bh iths tax holiday. Unless you are still working and continue to have payroll taxes from your check, you are EXEMPT from and benefits that are being provided on the backs of future SS recipients. Posted by marvinwade |
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Posts: 22
First: October 5, 2011 Last: January 15, 2012 |
I TOTALLY AGREE. I WATCH MORNING JOE ON MSNBC EVERY MORNING, 5AM CST, AND JOE SCORBOROGH SAID THE EXACT SAME THING!!! JOE SAID THAT HE THOUGHT EVERYBODY KNEW THAT. WELL I DID NOT!! JOE SAID THAT 11 TRILLION DOLLARS WAS TAKEN OUT OF THE SOCIAL SECURITY FUND AND AN IOU WAS PUT IN. I DID PAYROLL FOR MANY YEARS. PAYROLL TAXES, THE FICA TAX TAKEN OUT OF YOUR PAYCHECK IS MATCHED BY YOUR EMPLOYER. THEN THOSE TAXES HAVE TO BE DEPOSITED WITHIN 3 BUSINESS DAYS, I KNOW BECAUSE I HAD TO DEPOSIT THOSE PAYROLL/FICA TAXES. PEOPLE DO NOT REALIZE WHEN THEY SEE THEIR PAYCHECK STUB, THAT FICA TAX IS YOUR SOCIAL SECURITY FUTURE BENEFITS, AND ALSO THE COMPANY YOU WORK FOR ALSO HAS TO MATCH THOSE FICA/PAYROLL TAXES ALSO. SO IF THEY CUT PAYROLL TAXES, IT IS GOING TO AFFECT AND CUT YOUR FUTURE BENEFITS!! THAT IS HOW YOUR FICA/PAYROLL TAXES WORK, AND THAT MONEY WITHHELD FROM YOUR CHECK IS WHAT DETERMINES HOW MUCH YOUR FUTURE TAXES WILL BE, SO IF THEY CUT THOSE TAXES, YOUR FUTURE BENEFITS ALSO WILL BE SMALLER. CONGRESS NEVER UNDERSTANDS ANYTHING SIMPLE!! THEY MAKE IT HARD TO UNDERSTAND! CUTTING PAYROLL/FICA TAXES IS SO SIMPLE, IT WILL CUT YOUR FUTURE BENEFITS!!! AND SINCE THAT 11 TRILLION DOLLARS HAS BEEN TAKEN OUT AND AN IOU PUT IN, OF COURSE IT IS A DRAIN ON THE ECONOMY, THE GOVERNMENT IS PAYING OUT OF A FUND THAT HAS NO MONEY IN IT, BECAUSE THEY PUT AN IOU IN THE FUND THAT WAS SUPPOSED TO TAKE CARE OF SOCIAL SECURITY!!! NOW HOW HARD IS THAT TO UNDERSTAND. SOMEBODY I POSTED THIS TO A FEW MONTHS ABOUT, SAID THERE WAS A VARYING AMOUNT GOING AROUND ABOUT HOW MUCH MONEY WAS TAKEN OUR OF SOCIAL SECURITY. WELL, JOE USED TO BE IN THE SENATE, HE SAID 11 TRILLION DOLLARS WAS TAKEN OUT AND IOU PUT IN! HE WAS SURPRISED THAT PEOPLE DID NOT KNOW THAT!! I FOR ONE, DID NOT KNOW THAT AT ALL. THAT MONEY WAS NEVER TO BE TOUCHED!! THAT IS THE REASON FOR THE DRAIN ON THE ECONOMY, THAT IS NOT HARD TO FIGURE OUT AT ALL. IN FACT, IT IS SO EASY TO UNDERSTAND, WE HAVE THESE SENATORS AND CONGRESS PEOPLE BICKERING BACK AND FORTH ABOUT THINGS THAT MAKE NO SENSE, ALOT OF THEM ARE SO OUT OF TOUCH WITH REALITY THAT THEY MAKE THINGS HARD TO FIGURE OUT!! NOW, IF THEY RAISE PAYROLL TAXES, THE REASON FOR THAT IS TO HELP PAY FOR THOSE ON SOCIAL SECURITY TO HELP OUR THE ECONOMY SINCE THEY ALREADY STOLE PART OF MY 35 YEARS WORTH OF MONEY, AND THE 50 YEARS OF YOUR MONEY YOU PUT INTO SOCIAL SECURITY, AND IT TOTALLED 11 TRILLION DOLLARS. WHAT I WANT TO KNOW, WHAT WAS IT USED FOR, WHO STARTED TAKING THE MONEY OUT, AND PLEASE DO NOT TELL ME IT WAS TO HELP FUND OF THESE USELESS WARS WHERE SO MANY MEN HAVE COME BACK MISSING AN ARM OR LEG, OR WORSE, EYES AND EARS. IF OUR SOCIAL SECURITY MONEY THAT TOTALLED 11 TRILLION DOLLARS IS MISSING, AND IT WAS USED TO FUND EITHER THE IRAQ OR AFGHANISTAN WAR, I WANT TO KNOW ABOUT IT! BUT US PEOPLE WILL NEVER KNOW THE REAL TRUTH. US, THE PEOPLE, DO NOT EVER GET THE STRAIGHT TRUTH FROM OUR GOVERNMENT IN HOW OUR TAX MONEY IS USED FOR OR SPENT ON, AND ESPECIALLY THE 11 TRILLION DOLLARS MISSING AND THE IOU PUT IN. YOU LIVE IN AMERICA, AND SEE OUR GOVERNMENT SQUABBLING ABOUT SUCH THINGS THAT ARE REALLY SIMPLE. THEY JUST HAVE NOT LIVED AS A REGULAR CITIZEN IN SO LONG, THEY ARE OUT OF TOUCH WITH US REAL PEOPLE. JUST LIKE, I CAN MAKE $40 LAST A WEEK FOR ME AND MY HUSBAND TO LIVE ON TO EAT. WE USUALLY ONLY EAT ONE MEAL A DAY ANYWAY. BUT CONGRESS OR THE SENATE WOULD NOT KNOW HOW TO LIVE A NORMAL LIFE, THAT IS WHY THEY ARE SO OUT OF TOUCH WITH PEOPLE AND HOW THEY HAVE TO LIVE, JUST LIKE THE LAST TIME THE GOVERNMENT ALMOST SHUT DOWN, BY SQUABBLING UNTIL THE LAST MINUTE, THEY PUT THE USA, FOR THE FIRST TIME IN HISTORY, IN A LOWER CLASS CREDIT RATING!! I KNEW THEY WOULD PASS IT AT THE LAST MINUTE, THEY ALWAYS DO, BECAUSE THEY KNOW THEY HAVE TO, BUT THE SQUABBLING BACK AND FORTH HAS TO STOP. MAKE IT SIMPLE. IT IS NOT HARD TO UNDERSTAND. AND SOCIAL SECURITY IS BROKE, BECAUSE SOMEBODY STOLE 11 TRILLION DOLLARS OUT OF THAT FUND AND PUT AN IOU IN IT!!! NOW, SOCIAL SECURITY IS A DRAIN ON THE ECONOMY!!!!!!!!! NOW WHAT ELSE CAN CONGRESS OR THE SENATE SAY???
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Posts: 22
First: October 5, 2011 Last: January 15, 2012 |
In Response to Re: IF OBAMA'S JOB PLAN IS TO CUT PAYROLL TAXES, IT'S GOING TO CUT YOUR FUTURE BENEFIT-11 TRILLION DOLLARS HAS BEEN TAKEN OUT OF THE SOCIAL SECURITY FUND AND AN IOU PUT IN, THAT IS WHY SOCIAL SECURITY IS A DRAIN ON THE ECONOMY, AND THEY WANT TO CUT MORE?: In Response to IF OBAMA'S JOB PLAN IS TO CUT PAYROLL TAXES, IT'S GOING TO CUT YOUR FUTURE BENEFIT-11 TRILLION DOLLARS HAS BEEN TAKEN OUT OF THE SOCIAL SECURITY FUND AND AN IOU PUT IN, THAT IS WHY SOCIAL SECURITY IS A DRAIN ON THE ECONOMY, AND THEY WANT TO CUT MORE? : I HAVE DONE PAYROLL FOR MANY YEARS. ON YOUR CHECK YOU WILL SEE WHERE FICA TAX IF TAKEN OUT (USED TO BE 7.5%) AND THE COMPANY YOU WORK FOR MATCHES YOUR FICA TAX, SOMETHING THAT MOST PEOPLE DO NOT KNOW!! NOW OBAMA'S JOB PLAN IS TO CUT PAYROLL TAXES?? DOES THE PUBLIC REALIZE THAT BY CUTTING PAYROLL TAXES, WHICH NOW IS FEEDING AND FUNDING CURRENT SOCIAL SECURITY RECEPIENTS, IT WILL REDUCE THE AMOUNT OF SOCIAL SECURITY YOU WILL RECEIVE LATER ON FICA tax w/holdings(SS) are based on GROSS INCOME and the FED TAX WH has nothing to do with it. I was just in the ER and the nurse was from TORONTO & kept her nursing license for CANADA and going back there. She said our USA healthcare system is the worst in the world. The healthcare reform ( that you refer to as OBAMACARE ) is the SAME PLAN that Republicans had wanted before and now because the democrats have introduced it...the republicans now don't want it. One of the forrunners---ROMNEY introduced the same kind of healthcare in MA when he was GOV. People aren't HIRING because they aren't SELLING STUFF. WAGES have not kept up with expenses for DECADES and people have maxed out on their credit. Corporations that are still here in the states are still making obsene profits selling overseas. Small Businesses 8 out of 10 fail----most just incorporate for tax writeoffs and for the public to rely on them for hiring is ridiculous. We have technology and automation taking the place of people......and our population is too great. Still there is no stop to immigration and the republicans don't even want to subsidize Planned Parenthood. Posted by JANMB NEVER MENTIONED THAT FED TAX W/H HAD ANYTHING TO DO WITH FICA TAX (SS) YOUR FED TAX W/H AND STATE TAX W/H IS TOTALLY DIFFERENT THING, AND TOTALLY SEPARATE FROM THE FICA TAX (SS) TAXES THAT I AM TALKING ABOUT IN MY POST. THE ONLY TAX THE EMPLOYER HAS TO MATCH IS YOUR FICA (SS) TAX WHICH IS FIGURED ON YOUR TOTAL GROSS INCOME, CORRECT. ALL YOUR TAXES SUCH AS FEDERAL AND STATE TAXES ARE BASED ON YOUR GROSS INCOME, NOT YOUR NET (TAKE HOME PAY). NEVER MEANT TO IMPLY OR NEVER STATED THAT FEDERAL W/H ON YOUR CHECK HAD ANYTHING TO DO WITH FICA (SS) AND ALL TAX IS BASED ON YOUR GROSS INCOME!!!!!!! |
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Posts: 22
First: October 5, 2011 Last: January 15, 2012 |
In Response to Re: IF OBAMA'S JOB PLAN IS TO CUT PAYROLL TAXES, IT'S GOING TO CUT YOUR FUTURE BENEFIT-11 TRILLION DOLLARS HAS BEEN TAKEN OUT OF THE SOCIAL SECURITY FUND AND AN IOU PUT IN, THAT IS WHY SOCIAL SECURITY IS A DRAIN ON THE ECONOMY, AND THEY WANT TO CUT MORE?: In Response to IF OBAMA'S JOB PLAN IS TO CUT PAYROLL TAXES, IT'S GOING TO CUT YOUR FUTURE BENEFIT-11 TRILLION DOLLARS HAS BEEN TAKEN OUT OF THE SOCIAL SECURITY FUND AND AN IOU PUT IN, THAT IS WHY SOCIAL SECURITY IS A DRAIN ON THE ECONOMY, AND THEY WANT TO CUT MORE? : I HAVE DONE PAYROLL FOR MANY YEARS. ON YOUR CHECK YOU WILL SEE WHERE FICA TAX IF TAKEN OUT (USED TO BE 7.5%) AND THE COMPANY YOU WORK FOR MATCHES YOUR FICA TAX, SOMETHING THAT MOST PEOPLE DO NOT KNOW!! NOW OBAMA'S JOB PLAN IS TO CUT PAYROLL TAXES?? DOES THE PUBLIC REALIZE THAT BY CUTTING PAYROLL TAXES, WHICH NOW IS FEEDING AND FUNDING CURRENT SOCIAL SECURITY RECEPIENTS, IT WILL REDUCE THE AMOUNT OF SOCIAL SECURITY YOU WILL RECEIVE LATER ON FICA tax w/holdings(SS) are based on GROSS INCOME and the FED TAX WH has nothing to do with it. I was just in the ER and the nurse was from TORONTO & kept her nursing license for CANADA and going back there. She said our USA healthcare system is the worst in the world. The healthcare reform ( that you refer to as OBAMACARE ) is the SAME PLAN that Republicans had wanted before and now because the democrats have introduced it...the republicans now don't want it. One of the forrunners---ROMNEY introduced the same kind of healthcare in MA when he was GOV. People aren't HIRING because they aren't SELLING STUFF. WAGES have not kept up with expenses for DECADES and people have maxed out on their credit. Corporations that are still here in the states are still making obsene profits selling overseas. Small Businesses 8 out of 10 fail----most just incorporate for tax writeoffs and for the public to rely on them for hiring is ridiculous. We have technology and automation taking the place of people......and our population is too great. Still there is no stop to immigration and the republicans don't even want to subsidize Planned Parenthood. Posted by JANMB Re: I definately agree with you about how technology and automation has taken the place of people. Look at the Post Office, closing down post offices because now you can email or fax something in seconds. And NO nobody is Hiring because they are not selling stuff because so many people have lost their jobs and have their homes foreclosed on. But after talking to corporate officers, they will tell you that they are holding off on hiring due to fear of Obamacare, and the people they still have working are working alot of overtime. I have heard how hard people are having to work now, overtime, because the companies are not hiring, especially if they have benefits. Adding another employee costs the company alot just for benefits. But it is not just a problem in the US. This IS A GLOBAL PROBLEM EVEN WHERE TECHNOLOGY AND AUTOMATION IS NOT AS GREAT AS IT IS HERE IN THE USA. So, I have no answers for the Global Problem, because this is just NOT a USA problem. But somebody, something started the snowball rolling. Wallstreet and its crooks??? 
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Posts: 22
First: October 5, 2011 Last: January 15, 2012 |
In Response to Re: IF OBAMA'S JOB PLAN IS TO CUT PAYROLL TAXES, IT'S GOING TO CUT YOUR FUTURE BENEFIT-11 TRILLION DOLLARS HAS BEEN TAKEN OUT OF THE SOCIAL SECURITY FUND AND AN IOU PUT IN, THAT IS WHY SOCIAL SECURITY IS A DRAIN ON THE ECONOMY, AND THEY WANT TO CUT MORE?: In Response to IF OBAMA'S JOB PLAN IS TO CUT PAYROLL TAXES, IT'S GOING TO CUT YOUR FUTURE BENEFIT-11 TRILLION DOLLARS HAS BEEN TAKEN OUT OF THE SOCIAL SECURITY FUND AND AN IOU PUT IN, THAT IS WHY SOCIAL SECURITY IS A DRAIN ON THE ECONOMY, AND THEY WANT TO CUT MORE? : I HAVE DONE PAYROLL FOR MANY YEARS. ON YOUR CHECK YOU WILL SEE WHERE FICA TAX IF TAKEN OUT (USED TO BE 7.5%) AND THE COMPANY YOU WORK FOR MATCHES YOUR FICA TAX, SOMETHING THAT MOST PEOPLE DO NOT KNOW!! NOW OBAMA'S JOB PLAN IS TO CUT PAYROLL TAXES?? DOES THE PUBLIC REALIZE THAT BY CUTTING PAYROLL TAXES, WHICH NOW IS FEEDING AND FUNDING CURRENT SOCIAL SECURITY RECEPIENTS, IT WILL REDUCE THE AMOUNT OF SOCIAL SECURITY YOU WILL RECEIVE LATER ON FICA tax w/holdings(SS) are based on GROSS INCOME and the FED TAX WH has nothing to do with it. I was just in the ER and the nurse was from TORONTO & kept her nursing license for CANADA and going back there. She said our USA healthcare system is the worst in the world. The healthcare reform ( that you refer to as OBAMACARE ) is the SAME PLAN that Republicans had wanted before and now because the democrats have introduced it...the republicans now don't want it. One of the forrunners---ROMNEY introduced the same kind of healthcare in MA when he was GOV. People aren't HIRING because they aren't SELLING STUFF. WAGES have not kept up with expenses for DECADES and people have maxed out on their credit. Corporations that are still here in the states are still making obsene profits selling overseas. Small Businesses 8 out of 10 fail----most just incorporate for tax writeoffs and for the public to rely on them for hiring is ridiculous. We have technology and automation taking the place of people......and our population is too great. Still there is no stop to immigration and the republicans don't even want to subsidize Planned Parenthood. Posted by JANMB When I was talking about FICA (SS) taxes, I was referring to the Total Gross Income of your payroll check that the FICA percentage is calculated, and also matched by your employer. Plus Federal Tax W'/H has NOTHING TO DO WITH FICA/SS PAYROLL TAXES. Your Federal Tax W/H is something you deal with the IRS about.
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Posts: 465
First: December 21, 2011 Last: May 14, 2013 |
In Response to IF OBAMA'S JOB PLAN IS TO CUT PAYROLL TAXES, IT'S GOING TO CUT YOUR FUTURE BENEFIT-11 TRILLION DOLLARS HAS BEEN TAKEN OUT OF THE SOCIAL SECURITY FUND AND AN IOU PUT IN, THAT IS WHY SOCIAL SECURITY IS A DRAIN ON THE ECONOMY, AND THEY WANT TO CUT MORE?: I HAVE DONE PAYROLL FOR MANY YEARS. ON YOUR CHECK YOU WILL SEE WHERE FICA TAX IF TAKEN OUT (USED TO BE 7.5%) AND THE COMPANY YOU WORK FOR MATCHES YOUR FICA TAX, SOMETHING THAT MOST PEOPLE DO NOT KNOW!! NOW OBAMA'S JOB PLAN IS TO CUT PAYROLL TAXES?? DOES THE PUBLIC REALIZE THAT BY CUTTING PAYROLL TAXES, WHICH NOW IS FEEDING AND FUNDING CURRENT SOCIAL SECURITY RECEPIENTS, IT WILL REDUCE THE AMOUNT OF SOCIAL SECURITY YOU WILL RECEIVE LATER ON WHEN YOU ARE READY TO RETIRE. THE FICA TAX WITHHELD FROM YOUR PAYROLL CHECK IS MATCHED BY THE COMPANY YOU WORK FOR. SO IF PAYROLL TAXES ARE REDUCED, IN THE LONG RUN, IT IS GOING TO CUT THE AMOUNT YOU RECEIVE WHEN YOU RETIRE AND START RECEIVING SOCIAL SECURITY, BECAUSE THE AMOUNT YOU GET FROM SOCIAL SECURITY IS BASED MOSTLY ON HOW MUCH MONEY YOU MADE BY THE THE AMOUNT OF FICA TAX THAT WAS WITHHELD FROM YOUR PAYROLL TAX, THE FICA TAX. (HAS NOTHING TO DO WITH FEDERAL TAX OR STATE TAX WITHHELD-THAT HAS NOTHING TO DO WITH SOCIAL SECURITY, JUST YOUR IRS TAXES). SO IF HE PLANS TO CUT PAYROLL TAXES, THE AMOUNT OF MONEY YOU RECEIVE WILL BE REDUCED...COMPANIES ARE NOT HIRING DUE TO HIS OBAMA CARE, IF HE WOULD JUST LISTEN TO THE COMPANIES, THE MEDIA HAS EXPLORED THIS WITH COMPANIES AND THEY HAVE TOLD THE MEDIA THE REASON THEY ARE NOT HIRING IS DUE TO THE OBAMA CARE, THEY ARE JUST LETTING THE EMPLOYEES ALREADY HIRED WORK MORE HOURS SO THEY DO NOT HAVE TO HIRE NEW EMPLOYEES AND HAVE TO UTILIZE THE OBAMA CARE BENEFIT, WHICH THE COMPANY WILL HAVE TO PAY FOR. SO OBAMA, CUTTING PAYROLL TAXES (SINCE I HAVE DONE PAYROLL FOR OVER 20 YEARS NOW) IS GOING TO HURT THE FUNDING OF THE CURRENT PAYROLL FOR SOCIAL SECURITY RECEIPEIENTS AND IN THE FUTURE IT IS GOING TO REDUCE THE AMOUNT OF SOCIAL SECURITY YOU GET, SINCE SOCIAL SECURITY AMOUNTS WHEN YOU RETIRE ARE CALCULATED BY THE AMOUNT OF MONEY YOU MAKE, THEN THE FICA TAX IS 7.5% OF YOUR PAYROLL AND THE COMPANY MATCHES IT (WHICH WILL BE CHEAPER THAN THE OBAMA CARE). AND SINCE JOE SCARBORO ON THE MORNING JOE SHOW SAID, THE GOVERNMENT HAS TAKEN OUT 11 TRILLION DOLLARS FROM THE SOCIAL SECURITY FUND AND PUT AN IOU IN IT. MORNING JOE THOUGHT EVERYBODY KNEW THAT, I DID NOT. THAT IS WHY THEY ARE WORRYING AND TRYING TO CUT SOCIAL SECURITY, HOW DARE THEY TRY AND CUT SOCIAL SECURITY WHEN THEY STOLE 11 TRILLION DOLLARS FROM THE SOCIAL SECURITY FUND. I CANNOT BELEIVE THAT AN INVESTIGATION HAS NOT BEEN DONE ON THIS MATTER!! SO THAT IS WHY SOCIAL SECURITY IS A DRAIN ON THE ECONOMY, THEY (GOVERNMENT) STOLE 11 TRILLION DOLLARS FROM THE SOCIAL SECURITY FUND, AND PUT AN IOU IN THE FUND!!! PEOPLE WAKE UP, AARP, PLEASE INVESTIGATE THIS, SOCIAL SECURITY WOULD NOT BE A DRAIN ON THE ECONOMY IF OUR 11 TRILLION DOLLARS HAD NOT BEEN TAKEN OUT OF THE FUND. IF THIS HAPPENED TO A BANK OR ANOTHER COMPANY, YOU BET IT WOULD BE INVESTIGATED, THIS 11 TRILLION DOLLARS IS WORSE THAN THE MADOFF SCHEME!!! AARP PLEASE HELP US ON THIS MATTER!! Posted by pattyasm I agree!! It's all politics. Cutting the payroll tax will not create new jobs. it didn't do it this year. All it will do is further destabilize Social Security. Over the past year, my costs for gasoline and heating oil have gone up ~20%. I would assume that this has a much greater effect on people that must drive to work. I'm sure that any savings they would get by this payroll tax reduction would be more than made up by increased energy costs. Unfortunately, the obama regime is dead set against any fossil fuels. This is what's causing this increase in energy costs. Basically what I'm saying is lower energy costs and you won't have to implement this Social Security robbing payroll tax reduction. |
Forums » Work & Retirement » Social Security » IF OBAMA'S JOB PLAN IS TO CUT PAYROLL TAXES, IT'S GOING TO CUT YOUR FUTURE BENEFIT-11 TRILLION DOLLARS HAS BEEN TAKEN OUT OF THE SOCIAL SECURITY FUND AND AN IOU PUT IN, THAT IS WHY SOCIAL SECURITY IS A DRAIN ON THE ECONOMY, AND THEY WANT TO CUT MORE?
