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Payroll Tax Should Be Eliminated Permanetly

Posted on 8/8/20 at 7:49 pm
Posted by Catchfalaya
Member since Feb 2018
1921 posts
Posted on 8/8/20 at 7:49 pm
Many employees don’t realize that the SS and Med taxes taken out of their check the employer has to match. Do not only to they pay the funds withheld from your check they have to match those same funds for the “Tax”. It’s a draconian penalty to penalize employers who have already paid their employees and take all the liability if the business fails.
Posted by sms151t
Polos, Porsches, Ponies..PROBATION
Member since Aug 2009
139837 posts
Posted on 8/8/20 at 7:51 pm to
No it shouldn’t. You understand what public good comes from it? While you also get security from these taxes, the less fortunate get relief albeit I don’t agree with how some abuse it.
This post was edited on 8/8/20 at 7:53 pm
Posted by Catchfalaya
Member since Feb 2018
1921 posts
Posted on 8/8/20 at 7:52 pm to
Well it’s going to it Trump gets re-elected. He obviously has another plan to fund SS and Medicare without putting it on the back of employers. You must not own a business.
Posted by Covingtontiger77
Member since Dec 2015
10188 posts
Posted on 8/8/20 at 7:53 pm to
Yes.

And also give me back all of my contributions that i have made over the years while we are at it.
Posted by sms151t
Polos, Porsches, Ponies..PROBATION
Member since Aug 2009
139837 posts
Posted on 8/8/20 at 7:54 pm to
No I don’t and I work in a Title I School so I understand the benefits of what SS Medicare/Medicaid provide along with how our military is and LE agencies are funded by taxes.
This post was edited on 8/8/20 at 7:56 pm
Posted by Possumslayer
Pascagoula
Member since Jan 2018
6200 posts
Posted on 8/8/20 at 7:54 pm to
We could all retire.
Posted by CDawson
Louisiana
Member since Dec 2017
16392 posts
Posted on 8/8/20 at 7:55 pm to
quote:

You understand what public good comes from it?


No, tell me how efficient the government is at spending my money.
Posted by Jake88
Member since Apr 2005
68034 posts
Posted on 8/8/20 at 7:56 pm to
quote:

 the less fortunate
Fortune has relatively little to do with it. The less functional is more appropriate.
Posted by sms151t
Polos, Porsches, Ponies..PROBATION
Member since Aug 2009
139837 posts
Posted on 8/8/20 at 7:56 pm to
You tell me how you help others first.

I forgot everyone on this board claims to be in 150k plus range.
This post was edited on 8/8/20 at 7:59 pm
Posted by keks tadpole
Yellow Leaf Creek
Member since Feb 2017
7573 posts
Posted on 8/8/20 at 7:59 pm to
Woe to those who decide to go out in there own and realize that their Self employment payroll tax is 15%+/-
Posted by YF12
Ottobaan
Member since Nov 2019
4451 posts
Posted on 8/8/20 at 8:02 pm to
Enough federal excise/sales tax to fund the DOD, salaries for Congress and staff, salaries for SCOTUS and staff, and salaries for White House and staff.

Everything else in fed.gov gets cut.

That would be a good start to taxes.
Posted by FATBOY TIGER
Valhalla
Member since Jan 2016
8831 posts
Posted on 8/8/20 at 8:04 pm to
quote:

You tell me how you help others first.


Not my job
This post was edited on 8/8/20 at 8:06 pm
Posted by Mrtommorrow1987
Twilight Zone
Member since Feb 2008
13119 posts
Posted on 8/8/20 at 8:06 pm to
I’m pretty sure he said today he plans to eliminate it permanently. I’m fine with this if I get even 50% of the money I paid into it.
This post was edited on 8/8/20 at 8:07 pm
Posted by FATBOY TIGER
Valhalla
Member since Jan 2016
8831 posts
Posted on 8/8/20 at 8:08 pm to
quote:

I’m fine with this if I get even 50% of the money I paid into it.




Yup
Posted by DavidTheGnome
Monroe
Member since Apr 2015
29139 posts
Posted on 8/8/20 at 8:09 pm to
So how do we pay for the government? If I said do away with social security something makes me suspect most would throw a fit saying it’s due them because they’ve promised me it etc. So how should we pay for it, or just keep making our kids pay for it like we’re doing?
Posted by sms151t
Polos, Porsches, Ponies..PROBATION
Member since Aug 2009
139837 posts
Posted on 8/8/20 at 8:12 pm to
As an American it is exactly your job. You pay taxes doofus.
This post was edited on 8/8/20 at 8:13 pm
Posted by rsbd
banks of the Mississippi
Member since Jan 2007
22157 posts
Posted on 8/8/20 at 8:13 pm to
Self employment tax also
Posted by YF12
Ottobaan
Member since Nov 2019
4451 posts
Posted on 8/8/20 at 8:13 pm to
quote:

As an American it is exactly your job. You pay taxes idiot



There are tens of millions of Americans in career government that have only ever net taken tax dollars

I am glad you agree they are idiots.

100% in agreement.
Posted by canyon
Member since Dec 2003
18300 posts
Posted on 8/8/20 at 8:14 pm to
Was that English?
Posted by CDawson
Louisiana
Member since Dec 2017
16392 posts
Posted on 8/8/20 at 8:14 pm to
quote:

You tell me how you help others first.


I employ 300+ people and pay more tax in a year than most pay in a lifetime.

How about you?
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