Replies to post #422689 on Tornado Alley (PROG)

[livefree_ordie]

Tax continued. No more IRS, no forms, no refunds, no send in any payments, no deductions, just comes straight from paychecks and from monthly gross receipts and monthly Capital gains same percentage of tax on all income with exceptions to those making under $25K per year and full retirement age folks pay zero taxes to State and Federal and retired folks pay zero for medical coverage and treatments. This eliminates all the animosity between citizens and the IRS /Government related to Tax forms made by lawyers and their ilk to benefit them and to benefit the largest corporations. All should be taxed equally. This will provide a surplus of money in the Government to pay for the needs of all Citizens and to assist in disaster relief and to maintain a strong defense military to keep our Nation safe from invasion and attacks. Not to give away to these special interest folks who think they were wronged, there is a court system for those cases if you believe you were wronged there is a system in place to handle those cases.

Every day U.S. citizens go out and buy products in the stores and businesses around them. A person making $15,000 per year is buying milk and bread and the person next to them is a billionaire buying the same items yet they both pay the exact same for these products, so to me the tax system should be equally as fair as our normal everyday marketplace items are, why make it so difficult this is easy and eliminates a ton of waste in our Country of doing all these forms and someone reviewing it for correctness, we can eliminate all those things here.

the money taken out of the paychecks and gross receipts and capital gains all comes out automatically from these monies and goes straight to the Treasury Department.

No forms, no review, no IRS, no audits, nothing all goes away.

[Tearex]

Who needs 87 thousand more IRS agents???
I'm a fan of Herman Cain's 9-9-9 plan.
Although I think it should be the 9-9-9-9 instead, to include 9% capitol gains tax.
Sales tax exemptions to exclude food and first 5k per year in energy utility payments.

Fair and simple!
Then we could get rid of half the IRS that exist now!

[blackhawks]

Chock full of misinformation and wishful thinking. Your inability to use paragraphs is the sign of a badly disorganized mind devoid of critical thinking skills.

[fuagf]

livefree_ordie, Firstly and most importantly your "Article below from that bastion of Liberal Group Think in America I think maybe more worldly than American." as referring to Yahoo is not true. If anything Yahoo, obviously to any perceptive reader, leans conservative.

Secondly, Your personal comments through that Yahoo article are not differentiated enough to make it clear what is article content and what is your personal comment. You have bolded both. When you insert something make it clear it is an insert.

Thirdly, if you post another article either post the article in it's entirety (to be true to the authors) or make clear where you have omitted something like an image or anything else.

In other words consider the reader. Noted that in your continued posting of misinformation you indicate clearly you have no real concern for the readers.

Any further efforts in which your personal comment and and article content is not clearly differentiated, as in that post, will be deleted on sight.

[fuagf]

livefree_ordie, No, no one is stealing from Social Security

As required from unreliable trolls as you, provide a link to support your conspiracy-ridden myth "Social Security Trust
Fund they have stolen over $4.7 Trillion dollars from it" or that mess of a post will be deleted. Meanwhile learn:

By Max Richtman
Updated 12:12 PM EDT, Mon May 21, 2018

Editor’s Note: Max Richtman is president and CEO of the nonprofit National Committee to Preserve Social Security and Medicare. He is former staff director of the Senate Special Committee on Aging. The opinions expressed in this commentary are his.

VIDEO

With links

There are many myths about Social Security: It’s going bankrupt. It’s a Ponzi scheme. It won’t be there for today’s young people when they retire.

There’s no truth in any of them.

But one of the most prevalent myths these days is that the federal government is stealing from Social Security. It goes something like this: The President and/or Congress have been raiding the Social Security Old Age and Survivor’s trust fund (also known as the retirement trust fund) to pay for other federal expenses (tanks, roads, bridges, food stamps, etc.) and have never paid it back. The myth, which persists today, goes back at least 50 years and is based on a fundamental misunderstanding of Social Security’s finances.

Contemporary politicians have helped perpetuate the “stealing from Social Security” falsehood. During the first GOP debate of the 2016 election cycle, then-New Jersey Gov. Chris Christie claimed, “The lying and stealing has already occurred. The Trust Fund is filled with IOUs.” Others – from Rand Paul to Mitt Romney – have insisted that the government pilfers Social Security funds for unrelated purposes.

But conservatives aren’t the only ones to blame for perpetuating this myth. “Next time a Republican tells you that ‘Social Security is broke,’ remind them that Pres. Bush ‘borrowed’ $1.37 trillion of Social Security surplus revenue to pay for… his war in Iraq and never paid it back,” claimed Occupy Democrats’ Facebook page.

Some members of the public have also bought into the “stealing” myth. Every week, I see comments on social media that bear this out. Here is just a small sample:

“Can we get the government to pay back what they stole from social security? Take it out of the military budget because I’m sure that’s were it went.” Or, “The Government has been stealing & borrowing from the fund & never paying it back for years. When they run short they come up with a lie to make cuts & take more.”

GOP's next goal: Shred the social safety net
https://www.cnn.com/2017/12/04/opinions/republican-tax-plan-trump-opinion-kohn/index.html

These commenters are no doubt well-intentioned, but they are woefully misinformed on this issue. Here is the truth: Every year since 1984, the Social Security system has had more income than it needs to pay current benefits and administrative costs, so it invests the surplus in interest-bearing government bonds, backed by the full faith and credit of the US Treasury.

Why put the surplus payroll funds in Treasury notes? If you had $2.8 trillion in extra cash, wouldn’t you want the money to earn interest instead of stuffing it under your mattress?

The same goes for the Social Security system. As the Social Security Administration explains: “The Social Security trust [fund] holds money not needed in the current year to pay benefits and administrative costs and, by law, invest[s] it in special Treasury bonds that are guaranteed by the U.S. Government.”

In fact, you can check the status of these bonds at any given time on the Social Security Administration website.

America's debt crisis is coming -- interest payments will hit a trillion dollars a year
https://www.cnn.com/2018/03/15/opinions/trillion-dollar-debt-interest-opinion-macguineas/index.html

As the bond-issuer, the federal government can spend the invested funds on whatever it chooses (roads, bridges, salaries, etc.). But it must, by law, repay Social Security the principal with a guaranteed interest rate by a fixed date. This is a perfectly prudent way for Social Security to earn interest on surplus funds, because US bonds are among the safest investment vehicles. Those bonds earn billions of dollars in interest every year, creating an even larger surplus for Social Security. This is no different than a private sector pension fund investing workers’ contributions in treasury notes.

Clearly, there is no stealing going on here – just investing and earning interest. So, why the myth? As author Kurt Andersen pointed out in his recent book, How America Went Haywire, Americans love conspiracy theories, which the ‘stealing’ claim surely is. It also helps stoke populism on the left and right – and the mistrust of government that has been fermenting since the 1960s.

Much as we might like to dismiss the ‘stealing’ narrative as harmless, it actually does undermine the Social Security program in its own way. Claiming that workers’ hard-earned payroll contributions are being ‘stolen’ undermines public confidence in Social Security itself, which has been under attack from fiscal conservatives for decades now. The myth helps feed the right-wing narrative that the program is ‘going bankrupt’ and must be ‘reformed’ (a code word for cutting benefits and raising the retirement age).

More - https://www.cnn.com/2018/05/21/opinions/social-security-myths-opinion-richtman