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Thread: trumputin wants to cut payroll taxes

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    Quote Originally Posted by Michael_Panetta View Post
    I never said it was illegal. None of these activities are illegal, and that's the point. The loopholes exist to help the rich and we normals don't have such advantages.
    Sure you do. Start a company.

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    Quote Originally Posted by Sailor View Post
    Sure you do. Start a company.
    You lack reading comprehension.

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    Quote Originally Posted by Michael_Panetta View Post
    You lack reading comprehension.
    No. Not at all. I understand completely what you copy and pasted from somewhere. You obviously have no clue.

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    Quote Originally Posted by Sailor View Post
    No. Not at all. I understand completely what you copy and pasted from somewhere. You obviously have no clue.
    I didn't copy/paste anything. Do a Google search on my post, and if a result shows up that matches, it means I copy/pasted. There are even search engines to check if a text is plagiarized. Go ahead and show me which of my posts is plagiarized.

    And, yes, you do lack reading comprehension, because I was talking about the tax evasion techniques the über-rich use.

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    Quote Originally Posted by Michael_Panetta View Post
    I didn't copy/paste anything. Do a Google search on my post, and if a result shows up that matches, it means I copy/pasted. There are even search engines to check if a text is plagiarized. Go ahead and show me which of my posts is plagiarized.

    And, yes, you do lack reading comprehension, because I was talking about the tax evasion techniques the über-rich use.
    That they do through companies. Obviously you would know that if you had a clue about what you are talking about. You may go now Mr. Google "educated".

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    Quote Originally Posted by Sailor View Post
    That they do through companies. Obviously you would know that if you had a clue about what you are talking about. You may go now Mr. Google "educated".
    Most CEOs and owners of large businesses are wealthy. This goes without saying. If you think Trump doesn't hire accountants to help him move money in any way possible to avoid as many taxes as possible, you're naive.

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    Quote Originally Posted by T. A. Gardner View Post
    This isn't about feelings. It is about hard and fast numbers. LBJ under the "unified budget" in 1968 rolled Social Security into the General Fund and then promptly spent that cash on various Great Society programs. Previous to that, social security money was invested in treasury bills and other government funds earning a return.

    None of that changes that you are a fool if you rely totally on Social Security for your retirement plan.
    Ah, completely wrong. The Social Security trust fund is completely isolated from the general fund.

    https://www.ssa.gov/oact/tr/2020/

    Of course the money is invested in treasury bills. That is REQUIRED BY LAW. Would you rather they stick it in the bank? Yeah, that's a great idea.

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    Quote Originally Posted by Michael_Panetta View Post
    Most CEOs and owners of large businesses are wealthy. This goes without saying. If you think Trump doesn't hire accountants to help him move money in any way possible to avoid as many taxes as possible, you're naive.
    Trying to avoid the fact you caught bullshitting again? Not working fender head.

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    Quote Originally Posted by Sailor View Post
    Trying to avoid the fact you caught bullshitting again? Not working fender head.
    Popeye, the loser man.

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    Looks like Trumpet had a losing day at the pickle park. Hide you pets everyone.

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    Quote Originally Posted by Concart View Post
    Ah, completely wrong. The Social Security trust fund is completely isolated from the general fund.

    https://www.ssa.gov/oact/tr/2020/

    Of course the money is invested in treasury bills. That is REQUIRED BY LAW. Would you rather they stick it in the bank? Yeah, that's a great idea.
    No, it's what I said...

    Social Security is a pay-as-you-go system, with taxes on current workers paying for the benefits owed to retired workers and others. For many years, the income Social Security received from payroll taxes was more than sufficient to cover the benefits it was paying out. Over time, the Social Security Trust Fund accumulated a reserve that, at the end of 2019, totaled nearly $2.9 trillion.
    https://www.investopedia.com/ask/ans...d-invested.asp

    Today it amounts to a variant of a Ponzi scheme.

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    Quote Originally Posted by jjay View Post
    Trumputin wants to cut payroll taxes..when it won't help people that are not working....why

    because trumputin wants the HURT SOCIAL SECURITY AND MEDICARE...that move would
    cut benefits for 60 million people...trumputin is a con man crook.. that said many many times
    he wouldn't do anything to hurt SSI and Medicare..trumputin the con man M.FUKER
    Do you know anything at all about how the government works?
    Don't be afraid to see what you see

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    Quote Originally Posted by T. A. Gardner View Post
    No, it's what I said...



    https://www.investopedia.com/ask/ans...d-invested.asp

    Today it amounts to a variant of a Ponzi scheme.
    NO, NO, NO. The Social Security Fund is completely separate from the general fund. Period. Full Stop. You are just flat out wrong and obviously unwilling to admit it after I SHOWED YOU THE FUCKING TRUSTEES REPORT. Good God, are you really this daft?

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    Quote Originally Posted by Michael_Panetta View Post
    I never said it was illegal. None of these activities are illegal, and that's the point.
    Then what's with all the winy bitching about it? Good lord; man up dude.

    So in the less then likely event Biden wins the election, do you think he will follow Trumps precedent of donating his entire $400K salary every year?


    Quote Originally Posted by Michael_Panetta View Post
    The loopholes exist to help the rich and we normals don't have such advantages.
    There's nothing "normal" about your whiny bitching. The LAW makes no distinction regarding income, race or religion.
    "When government fears the people, there is liberty. When the people fear the government, there is tyranny."


    A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
    Author: Booker T. Washington



    Quote Originally Posted by Nomad View Post
    Unless you just can't stand the idea of "ni**ers" teaching white kids.


    Quote Originally Posted by AProudLefty View Post
    Address the topic, not other posters.

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    Quote Originally Posted by Concart View Post
    Ah, completely wrong. The Social Security trust fund is completely isolated from the general fund.

    https://www.ssa.gov/oact/tr/2020/

    Of course the money is invested in treasury bills. That is REQUIRED BY LAW. Would you rather they stick it in the bank? Yeah, that's a great idea.
    Yes; it's a brilliant PONZI scheme. Force Americans to pay into the account. Take their money and fund deficits that Americans then have to pay for in taxes. Then, when they retire, FORCE them to buy into Medicare with the paltry amount of monthly payments they receive.

    If anyone else tried such a PONZI scheme, they would end up in jail.
    "When government fears the people, there is liberty. When the people fear the government, there is tyranny."


    A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
    Author: Booker T. Washington



    Quote Originally Posted by Nomad View Post
    Unless you just can't stand the idea of "ni**ers" teaching white kids.


    Quote Originally Posted by AProudLefty View Post
    Address the topic, not other posters.

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