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To: Shamino

I'm getting my info from HR25....and my understanding of the existing FICA, and Income Tax legislation...also from other sources I've read.

The legislation repeals FICA and funds SS/Medicare via the implemented retail sales tax.

The Social Security Act requires wage reporting for benefits accounting, thus HR25 provides for employers to report of employee wages to the SSA for that qualifying for Social Security Benefits.

And no, an SSN does not imply you are a government emplyee under the legislation. It means you may qualify as a legal resident to receive the FCA sales tax rebate mailed to you from the Social Security Administration.

15 posted on 08/27/2005 8:04:27 PM PDT by ancient_geezer (Don't reform it, Replace it!!)
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To: ancient_geezer

The FairTax marketing would suggest that each worker earns a gross pay or 100%. Under the existing system we, of course, have many taxes taken out off the top, including social security.

The government originally (fraudulently) called the Social Security an Insurance, with "benefits." When in reality this ponzi scheme is a "security." By creating social security account, what is really happening is that the government has created a legal fiction, a corporation, for people to use, without our knowledge. WHY? Because they can legally tax the property income of a corporation with an excise tax! They cannot tax the sovereign's property income with an excise tax, it can only be done with a direct tax, according to the Constitution. And you voluntarily apply for and use that SS number on everything that you do! The government makes it very difficult for people to live without having one in todays world. It is tied to all income you receive and voluntarily report on tax returns! When you file a tax return, you are declaring that you, the U.S. citizen (corporate property) had income, and corporate property income is taxable with an excise tax!

So...does HR25 remove this extraction of pay from employee wages with the new sales tax in order to fund social security, or does SS get funded by taking off the top 7 percent of the 23% tax on sale of goods?

If i'm reading the HR25 definitions correctly, it would suggest that an employee's own pay is considered a service and also subject to the same 23% tax.

Sounds like a nice government bait and switch move to me!


27 posted on 08/29/2005 10:37:51 AM PDT by Shamino (Income Tax is "neutral"? You must be joking! Or incredibly stupid!)
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