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To: pigdog; Always Right; lewislynn
The two portions dealing with the subject of FICA payments and the funding of the two entitlements (S/S & M/C) by means of the FairTax are Section 101 (a) through 101 (b) (4) and entitled "IMPOSITION OF SALES TAX" and the second part is Sec. 904 (a) through (f) entitled "TRUST FUND REVENUE".

The wording in Sec. 101 is the controlling text in determining the FairTax rate while the text in Sec. 904 deals solely with the administering the entitlements and the funding thereof as already determined by statutes already passed and in effect from congregational action. The actions controlled by Sec. 904 are no different in principle that existing actions government is authorized to take (without voting) by the existing entitlement laws.

The reason for this wording (Sec. 904) being part of the FairTax legislation is so that there can be no claim that the FairTax is failing to fund the existing entitlements (basically S/S & M/C) at (at least) the existing levels - which are called out in Sec. 904. Here, the SSA bureaucrats have nothing at all to do with altering the tax rate in the bill; they are just administering the statutes passed by Congress in the past and allocating the money as determined by existing law. This is really no different than when unemployment taxes or the wage base (the amount of wages taxed) for payroll taxes change or the level of child credits, the personal and dependent exemptions, or even the actual tax brackets used each year under the income tax. All affect the amount of tax you pay, all are handled by "unelected bureaucrats" and none need be voted on yet there seems to be no discomfit on the part of any of you about that.
Here's a question. If the the old-age, survivors and disability insurance rate and the hospital insurance rate don't change every year, why do they even exist in the bill? You could achieve what you are claiming by just having the 23% rate and then use the percentages in Sec. 904 (c) to divide it up. Furthermore, why are Sec 904 (d) and (e) even in the bill? What you claim is achieved in Sec. 904 (c).
580 posted on 11/02/2006 6:38:25 AM PST by Your Nightmare
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To: Your Nightmare; Always Right; pigdog
This is really no different than when unemployment taxes or the wage base (the amount of wages taxed) for payroll taxes change or the level of child credits, the personal and dependent exemptions, or even the actual tax brackets used each year under the income tax. All affect the amount of tax you pay, all are handled by "unelected bureaucrats" and none need be voted on yet there seems to be no discomfit on the part of any of you about that.
Are you getting more stupid by the day or what?

There's no discomfort for one because it's not an issues ever discussed and two because it isn't true. Everything you mentioned has been determined by elected officials, they aren't "determined" by bureaucrats, they aren't altered or changed every year on a whim without oversight as the Fairtax law allows SS bureaucrats to do

581 posted on 11/02/2006 7:27:12 AM PST by lewislynn (Fairtax = lies, hope, wishful thinking, conjecture and lack of logic.)
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To: Your Nightmare
Here's a question. If the the old-age, survivors and disability insurance rate and the hospital insurance rate don't change every year, why do they even exist in the bill?

I think he agrees that it does change every year, at least that is what I get out of when he says, "I have NEVER said that the allocations determined under Sec. 904 might not cause the total tax rate to be larger than the original 23%."

Of course what he says makes no sense. If they are 'allocations' then how could rates 'be larger than the original 23%'. It's just another long winded pigdog reply filled with lies and spin to try to confuse things. Pigdog can't be wrong so he lies. It is all a matter of pigdog having way too much pride. Exactly the same as John F. Kerry trying to cover up his statements by lying and spinning.

582 posted on 11/02/2006 7:30:32 AM PST by Always Right
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To: Your Nightmare
"Here's a question. If the the old-age, survivors and disability insurance rate and the hospital insurance rate don't change every year, why do they even exist in the bill? You could achieve what you are claiming by just having the 23% rate and then use the percentages in Sec. 904 (c) to divide it up. Furthermore, why are Sec 904 (d) and (e) even in the bill? What you claim is achieved in Sec. 904 (c)."

As the spreadsheet data showed the OASDI & HI rates DO change and, in effect, make it quite possible to lower the FairTax rate itself as I observed in #577 - quite likely with congregational action. That's what the analysis shows.

As to why the various parts of Sec. 904 are "even in the bill", you'd need to ask the author(s) of the bill to be sure but I'd think it would be as I said:

"The reason for this wording (Sec. 904) being part of the FairTax legislation is so that there can be no claim that the FairTax is failing to fund the existing entitlements (basically S/S & M/C) at (at least) the existing levels - which are called out in Sec. 904. Here, the SSA bureaucrats have nothing at all to do with altering the tax rate in the bill; they are just administering the statutes passed by Congress in the past and allocating the money as determined by existing law. "

586 posted on 11/02/2006 8:20:10 AM PST by pigdog
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