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Old 03-22-2022, 07:18 AM
 
8,005 posts, read 7,229,238 times
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Quote:
Originally Posted by mojo101 View Post
I assume these dignified retiress have no mortgage,keep their home in good shape .no student loan,no car payment and no 5-6 figures credit card balance.
and not taking expensive prescription drug
Do a lot of retirees still have student loan debt, car payments and 5-6 figure credit card balances? I would think most folks who retire on SS alone would have taken care of that before retiring but that is pure speculation.

Does anyone on this forum have a six figure credit card balance? Is that common?
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Old 03-22-2022, 07:36 AM
 
26,194 posts, read 21,601,431 times
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Quote:
Originally Posted by mojo101 View Post
I assume these dignified retiress have no mortgage,keep their home in good shape .no student loan,no car payment and no 5-6 figures credit card balance.
and not taking expensive prescription drug
Well if you removed their SS income where would they be?

In 2021 elderly folks on SS 12% of Men & 15% of Women derived 90% or more of their income from SS

37% of men 42% of women derived 50% or more of their income from SS

From the entire elderly pop SS income accounts for about 30% of that group’s income
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Old 03-22-2022, 10:30 AM
 
Location: Prepperland
19,029 posts, read 14,216,690 times
Reputation: 16752
Quote:
Originally Posted by lieqiang View Post
Out of context nonsense typical of sov-cit youtube amateur lawyers, there are applicable laws that aren't in the Social Security Act itself.

Same letter you reference goes on to say there are other laws that require SSN for specific purposes with examples the requirement to get and use a SSN on tax documents and furnish the number to any institution that needs the number to report payments, which of course would include employers or banks. It also points out that employers are required to provide the SSNs with employees earnings.
Isn't it amazing that defenders of the faith rush out with dismissive replies using oxymorons like "sovereign citizen."
Don't believe me - go read the law. Ask any government official to explain how and when your endowed rights (untaxed) became revenue taxable privileges. No government in America instituted to secure endowed rights can tax them. ONLY government privileges are taxable. And all privileges are voluntary. Hence, all taxation is voluntary. Which is why there are no grounds to claim "no taxation without representation."

Go look up exactly who an "American employer" and an "American employee" is for tax purposes. See if they reference "privileged" entities or not. Ask the Eye Are US if one who has not signed up SocSec can file a return without "the number".
Don't look behind the curtain, saith the Great and Powerful Wizard.

Last edited by jetgraphics; 03-22-2022 at 10:41 AM..
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Old 03-22-2022, 10:32 AM
 
Location: Prepperland
19,029 posts, read 14,216,690 times
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Quote:
Originally Posted by Lowexpectations View Post
Good luck gaining employment from an employer without a SSN or ITIN. ICRA would through a wrinkle in your voluntary idea. Voluntold is the system
Good luck finding a law that punishes nonparticipation in FICA, or punishes an employer who hires an unnumbered American.
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Old 03-22-2022, 10:51 AM
 
Location: Spain
12,722 posts, read 7,582,293 times
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Quote:
Originally Posted by jetgraphics View Post
Don't believe me - go read the law.
We have judges to interpret the law, where did you go to law school?

Quote:
Originally Posted by jetgraphics View Post
Ask any government official to explain how and when your endowed rights (untaxed) became revenue taxable privileges. No government in America instituted to secure endowed rights can tax them. ONLY government privileges are taxable. And all privileges are voluntary. Hence, all taxation is voluntary. Which is why there are no grounds to claim "no taxation without representation." Go look up exactly who an "American employer" and an "American employee" is for tax purposes. See if they reference "privileged" entities or not. Ask the Eye Are US if one who has not signed up SocSec can file a return without "the number".
More sovcit word salad.

Quote:
Originally Posted by jetgraphics View Post
Don't look behind the curtain, saith the Great and Powerful Wizard.
This is part of what appeals to conspiracy theorists, they feel empowered believing they know/understand something that others don't.
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Old 03-22-2022, 12:43 PM
 
26,194 posts, read 21,601,431 times
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Quote:
Originally Posted by jetgraphics View Post
Good luck finding a law that punishes nonparticipation in FICA, or punishes an employer who hires an unnumbered American.
Well there are both civil and criminal penalties for employers who do not properly report/pay fica. You also conveniently avoided the employee side of the the issue.

I guess this is fake too?

Quote:
What Are the Penalties for Hiring an Illegal Immigrant?

The punishment for hiring illegal immigrants can include fines that increase with each violation and even potential jail time. Fines increase with each offense. For a first offense, a person may be fined $375 to $2,000 for each illegal employee hired. For a second offense, the fine increases to $3,200 to $6,500 for every illegal employee hired. If an employer has three or more offenses, they may be fined an amount of from $4,300 to $16,000 per illegal employee hired.

If an employer shows a pattern of knowingly employing illegal immigrants by doing such things as repeatedly hiring workers without work authorization, they may be subject to extra fines and/or up to 6 months in jail.
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Old 03-22-2022, 02:52 PM
 
2,747 posts, read 1,784,690 times
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Quote:
Originally Posted by jetgraphics View Post
Good luck finding a law that punishes nonparticipation in FICA, or punishes an employer who hires an unnumbered American.
Let me guess, you're a subscriber to the "Straw Man" theory, right?
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Old 03-22-2022, 03:42 PM
 
Location: Boston
20,121 posts, read 9,032,117 times
Reputation: 18777
Quote:
Originally Posted by 1insider View Post
Do a lot of retirees still have student loan debt, car payments and 5-6 figure credit card balances? I would think most folks who retire on SS alone would have taken care of that before retiring but that is pure speculation.

Does anyone on this forum have a six figure credit card balance? Is that common?
If you owe student loans to Uncle Sam they can reduce your SS payment by up to 15% to recover the money you owe,
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Old 03-22-2022, 03:48 PM
 
10,864 posts, read 6,490,397 times
Reputation: 7959
Once I was watching Susie Orman show and she asked her assistant who makE $80k year then,how much cc debt did he have?
He said $80K.
It is not unusual to have 30-40K cc debt
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Old 03-22-2022, 04:56 PM
 
Location: Spain
12,722 posts, read 7,582,293 times
Reputation: 22639
Quote:
Originally Posted by mojo101 View Post
It is not unusual to have 30-40K cc debt
I think most people would be quite surprised to find out someone they know had that much CC debt, so it's probably unusual.
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