[Always Right]

Wages - not income - are reported to the SSA for the purposes of S/S & M/C which is mandated by laws other than the FairTax. In the case of self-employeds, their self-employment income must be reported since that is the equivalent of wages. Over and above that, no income is reported (interest, capital gains, etc.) for the very good reason that it isn't the governments business.

OK, so wages and self-employment income is the governments business, but capitol gains is not???? Wow....

[pigdog]

Hey - for a switch you're correct. Congratulations - there's hope yet.

Capital gains, etc. are not taxed (or even reported) under the FairTax.

[rwrcpa1]

Do you think they can calculate your social security benefits out of thin air with no information? They have to get the information somehow.