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To: SeekAndFind
As long as the left wants to pretend that Social Security is insurance and not a Ponzi scheme/welfare program, they have a hard time talking their way around this fact.

In reality, payroll taxes are exactly the same thing as income taxes; money taken from the the individual that disappears into a black hole, never to be seen again. But to admit this obvious fact, in defense of those paying no income taxes, is to admit that a good portion of their world view is fantasy or fraud.

9 posted on 04/17/2011 6:24:10 PM PDT by Minn
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To: Minn

“In reality, payroll taxes are exactly the same thing as income taxes; money taken from the the individual that disappears into a black hole, never to be seen again.”

I disagree. As of last year, both SS and Medicare outlays exceed the amount of payroll taxes paid in. Yes, IN THE PAST payroll taxes were diverted to pay for other things and a meaningless paper “credit” placed in the SS “lock-box” to tell everyone that Uncle Sam owed the Trust Fund money. But now that is no longer true. Every penny of payroll taxes goes to its dedicated purpose: to pay for Medicare or SS.

Thus, anyone paying EXCLUSIVELY payroll taxes and no income taxes is, for the most part (ignoring the trivial amounts of federal taxes collected through excise taxes on cigarettes, liquor etc.) making NO contribution to the costs of national defense, the criminal justice system or other legitimate government activities. Consequently, everyone else is paying more than their “fair share” for these activities.

Claiming that payroll taxes just get mingled with income taxes in one big pot I believe obscures this important point.


28 posted on 04/17/2011 7:35:15 PM PDT by DrC
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To: Minn
In reality, payroll taxes are exactly the same thing as income taxes; money taken from the the individual that disappears into a black hole, never to be seen again.

Yep, they're the same thing - just taken via different taxes.
38 posted on 04/17/2011 8:20:01 PM PDT by andyk (Wealth != Income)
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To: Minn

Social Security is taxed.


45 posted on 04/17/2011 8:59:25 PM PDT by blondee123 (TRUMP=WINNING OBAMA=YOU'RE FIRED!!!)
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