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Too bad the OP still has not learned to post an unbiased poll. The "middle class tax cut" places Social Security in further financial jeopardy.
No, it doesn't.
that myth has been debunked, but like most left vs. right debates, i guess that's how this is going to go: just maintain your own set of facts.
a dollar is fungible; a dollar of revenue taxed from corporate income or capital gains is just as valuable as a dollar taxed by payroll taxes. Nothing is in jeapordy.
Really? The SS trust fund already doesn't have enough money to pay SS benefits. We're already at the point of having to pay SS benefits from the general fund (i.e., money we don't have). If the payroll tax cut wasn't extended, then we'd possibly have a few years where that might not be the case.
Too bad the OP still has not learned to post an unbiased poll. The "middle class tax cut" places Social Security in further financial jeopardy. The payroll taxcut failed to stimulate the economy and yet Obamabots want the same failed policies over and over again.
Fail, there is nothing biased about the poll or thread. No "side" is even directly mentioned. Also to most average americans, an extra $1,000 is quite a bit of money, and would hurt quite a bit if it was taken away,..
Quote:
Originally Posted by lifelongMOgal
Why does Obama want to destroy Social Security?
False and debunked right wing talking point. If you want to talk about attacks on social security and medicare, just take a look at virtually every GOP/tea party fiscal proposal.
Really? The SS trust fund already doesn't have enough money to pay SS benefits. We're already at the point of having to pay SS benefits from the general fund (i.e., money we don't have).
The general fund is not "money we don't have." That is, in fact, the complete opposite of what the general fund is. The general fund is the money that we're going to spend.
And the Social Security Trust Fund does not have any assets! It is a trick used to convince old people that their was "money saved away." There is no money saved away. That might've been how things worked many, many years ago, but the past politicians of the 80's and 90's needed to find a way to keep capital gains taxes and corporate taxes low. So.. they diverted payroll tax revenues (middle class revenues) to help fund the general fund, so "certain people" could have their tax rates lowered.
That's ancient history, though, and no reason at all to continue the payroll tax.
Fail, there is nothing biased about the poll or thread. No "side" is even directly mentioned. Also to most average americans, an extra $1,000 is quite a bit of money, and would hurt quite a bit if it was taken away,..
.
oh please
the lower part of the middleclass (those unde 50k) dont even pay federal income taxes
I know..I earn 60k and pay NOTHING in federal taxes (income or payroll)
raise taxes, the middle class in this country barely pays any taxes. Enough already.
Oh really? We're paying 33% in federal income taxes alone (we actually work for a living), and we sure as heck aren't rich. On top of that, start adding in state taxes, payroll taxes, sales tax and property tax....
If we lived off of investment income, we'd be paying 15%.
the lower part of the middleclass (those unde 50k) dont even pay federal income taxes
I know..I earn 60k and pay NOTHING in federal taxes (income or payroll)
With that salary you fit right in the middle class. Now the question, do you support getting a $1,500 tax cut, or would you rather have a $1,000 tax increase so the wealthy can have it?
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