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Thread: House Passes $3.8 Trillion More in Tax Cuts

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    Re: House Passes $3.8 Trillion More in Tax Cuts

    Quote Originally Posted by manofknowledge View Post
    SS and Medicare funds are only used for the purpose for which they are collected. Every penny collected that has not been disbursed in benefits is still in the Trust Funds in the form of US Treasury Bonds.

    https://www.cbpp.org/research/social...ty-trust-funds
    That is your opinion refuted by the facts that LBJ put SS ON BUDGET, created the unified budget, and those bonds are indeed worthless as they are non negotiable and have to be converted to cash. Where is the cash coming from since we continue to run deficits. Again you are very poorly informed

    https://www.ssa.gov/history/BudgetTreatment.html

    n early 1968 President Lyndon Johnson made a change in the budget presentation by including Social Security and all other trust funds in a"unified budget." This is likewise sometimes described by saying that Social Security was placed "on-budget."
    Overview. The Trust Fund represents a legal obligation of the federal government to program beneficiaries. The government has borrowed nearly $2.8 trillion as of 2014 from the Trust Fund and used the money for other purposes.
    https://moneymorning.com/2017/03/31/...iling-cabinet/

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    Re: House Passes $3.8 Trillion More in Tax Cuts

    Quote Originally Posted by Conservative View Post
    actually the idea that any income earning American not paying something for their own defense and govt. expenses is ludicrous
    .
    So you think that my 96 year old grandma whose only income is social security and is in a nursing home ... should be paying taxes on her income?
    So we should put you down as supporting putting GPS trackers in everyone to "save lives"?
    Vegas Giants: "Sounds fantastic!"

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    Re: House Passes $3.8 Trillion More in Tax Cuts

    Quote Originally Posted by manofknowledge View Post
    SS and Medicare funds are only used for the purpose for which they are collected. Every penny collected that has not been disbursed in benefits is still in the Trust Funds in the form of US Treasury Bonds.

    https://www.cbpp.org/research/social...ty-trust-funds
    You clearly didn't visit the link I provided and have no supporting evidence for your claim. Probably because it is patently false.

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    Re: House Passes $3.8 Trillion More in Tax Cuts

    Quote Originally Posted by jaeger19 View Post
    So you think that my 96 year old grandma whose only income is social security and is in a nursing home ... should be paying taxes on her income?
    Is she a job holder warning income?

    Sent from my SAMSUNG-SM-G930A using Tapatalk

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    Re: House Passes $3.8 Trillion More in Tax Cuts

    Quote Originally Posted by jaeger19 View Post
    So you think that my 96 year old grandma whose only income is social security and is in a nursing home ... should be paying taxes on her income?
    That depends on her income.

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    Re: House Passes $3.8 Trillion More in Tax Cuts

    Quote Originally Posted by manofknowledge View Post
    You clearly didn't visit the link I provided and have no supporting evidence for your claim. Probably because it is patently false.
    You have no idea what the unified budget is or how those IOU'S are funded. Keep that head buried in the sand

    So you believe those evil rich people can fun the liberal spending appetite?

    You will outgrow this attitude you currently have

    Google LBJ and unified budget

    Sent from my SAMSUNG-SM-G930A using Tapatalk

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    Re: House Passes $3.8 Trillion More in Tax Cuts

    Quote Originally Posted by Conservative View Post
    No the data shows approximately 50% of INCOME EARNERS, JOB HOLDERS, aren't paying any Federal Income taxes, that is reality and WRONG
    Please provide a link to that data. I call BS based on this:

    Effective tax rates calculated as the total income tax owed divided by adjusted gross income also rise with income. On average, taxpayers making less than $30,000 paid an effective rate of 4.9% in 2015, compared with 9.2% for those making between $50,000 and under $100,000 and 27.5% for those with incomes of $2 million or more.
    50% of workers make less than 30,000 a year.. and they paid an effective tax rate of 4.9% in 2015.

    In any case.. you are still talking about people like me when I was in college.. I worked.. and went to school and didn;t make enough to pay income taxes. Though I now support you.
    So we should put you down as supporting putting GPS trackers in everyone to "save lives"?
    Vegas Giants: "Sounds fantastic!"

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    Re: House Passes $3.8 Trillion More in Tax Cuts

    Quote Originally Posted by manofknowledge View Post
    That depends on her income.
    Ummm.. as I posted.. her only income is social security and she is in a nursing home.
    So we should put you down as supporting putting GPS trackers in everyone to "save lives"?
    Vegas Giants: "Sounds fantastic!"

  9. #339
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    Re: House Passes $3.8 Trillion More in Tax Cuts

    Quote Originally Posted by Conservative View Post
    Is she a job holder warning income?

    Sent from my SAMSUNG-SM-G930A using Tapatalk
    Sir you said ANY INCOME EARNING AMERICAN.

    She has income.

    Quote Originally Posted by conservative
    actually the idea that any income earning American not paying something for their own defense and govt. expenses is ludicrous
    .
    Oh wait.. my 17 year old also has a job.. he earned approximately 3200 dollars last year... should he have to pay federal income taxes"? If so.. why? What actual purpose does it serve?
    So we should put you down as supporting putting GPS trackers in everyone to "save lives"?
    Vegas Giants: "Sounds fantastic!"

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    Re: House Passes $3.8 Trillion More in Tax Cuts

    Quote Originally Posted by Conservative View Post
    That is your opinion refuted by the facts that LBJ put SS ON BUDGET, created the unified budget, and those bonds are indeed worthless as they are non negotiable and have to be converted to cash. Where is the cash coming from since we continue to run deficits. Again you are very poorly informed

    https://www.ssa.gov/history/BudgetTreatment.html


    https://moneymorning.com/2017/03/31/...iling-cabinet/
    Your claim relies on the presumption the Treasury Bonds are worthless. If you read the link I provided you would know they are converted to cash everyday. The US has never defaulted on any Treasury Bond nor has it ever failed to pay legitamate benefits. Your claim has no merit.

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