ALL THIS FUSS ABOUT A 2% PAYROLL TAX CUT IS PREYING ON THOSE WHO HAVE NOT HAD ANY PERSONAL OR EXPERIENCE IN PAYROLL TAXES WHICH IS A COMPLEX TOPIC AND HAS BEEN CONVOLUTED WITH A LOT OF POLITICAL B S. THERE ARE DIFFERENT TYPES OF PAYROLL TAX DEDUCTIONS IN THE PAYROLL SYSTEM, I HAVE BEEN DIRECTLY INVOLVED WITH PAYROLLS FOR OVER 50 YEARS AND I RESENT THE MISREPRESENTATION THAT PREVAILS IN OUR MEDIA AND POLITICAL RHETERIC. A PRIMARY SOURCE OF INCOME FOR THE NATION IS THE INCOME TAX WITHOLDING TAX WHICH IS THE AMOUNT OF TAX EACH INDIVIDUAL PAYS INTO THE GENERAL TAX FUND WHICH IS THE FUND INTENDED TO FINANCE THE COST OF GOVERNMENT. IT WAS ORIGINALY INTENDED FOR THE MAINTENANCE OF GOVERNMENT FIRST AND OTHER THING LAST. THE SOCIAL SECURITY TAX DEDUCTION WAS EXPLICITLY STATED IN THE ORIGINAL LAW TO BE A CONTRIBUTION INTO A GOVERNMENT MANDATED RETIREMENT FUND FOR ALL WORKING AMERICANS ON A 50% CONTRIBUTION BASIS SHARED EQUALLY BY THE WORKER AND THE EMPLOYER. THIS IS THE PAYROLL TAX REFERRED TO IN THE CURRENT MISNOMORED PAYROLL TAX. THE REDUCTION IN THIS TAX ONLY MEANS THAT LESS MONEY IS PUT INTO THE SOCIAL SECURITY TRUST FUND WHICH IN THE END MEANS LESS FUNDS FOR THE FEDERAL RESERVE TO ILLEGALLY TRANSFER TO THE GENERAL INCOME TAX FUND. IT WAS NEVER INTENDED TO FUND THE GENERAL MAINTINANCE OF GOVERNMENT. SO WHAT DOES THIS 2% PAYROLL TAX DEDUCTION DO? IT IS A DELIBERATE THEFT OF THE FUTURE RETIREMENT BENEFITS OF THOSE WORKING PEOPLE WHO ARE CURRENTLY CONTRIBUTING. PRESIDENT OBOMA'S THREAT EARLIER THIS YEAR TO NOT SEND OUT THE SOCIAL SECURITY CHECKS WAS A STATEMENT THAT THE TRUST FUND HAD BEEN RAIDED TO A CRITICAL LEVEL AND HE COULD NOT CONTINUE TO PAY HIS INFLATED BEAUROCRATIC CRONIES AS WELL AS MEET THE LEGAL REQUIREMENTS OF SOCIAL SECURITY BENEFITS. SO NOW HE WANTS TO CONTINUE TO FUND HIS OVERLY INFLATED BEAUROCRATIC COLONY AT THE COST OF THE FUTURE BENEIFITS TO THOSE DESERVING WORKERS.
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I get a better feeling about the publicity about the payroll tax cut. I am finally seeing it refered to as the social security payroll tax cut in various media outlets. Although I cant help ut wonder if my efforts to educate people about the truth has had some effect in this recognition. I note that the only G O P candidate who recognised that this tax cut was actually a reduction in the funding of the social security trust fund which is haveing monetary problems as it is and opposed it vigorously is Congresswoman Michele Bachman
It was personally gratifying when all of the presidential candidates verified my statements posted here.
Unfortunately, most of them were in favor in extending the social security tax cut but the most adament opposition to that extension was congresswoman Michele Bachman. Congresswoman Bachman reiterated my contention that this tax cut was stealing Social Security benefits for future benificiary's by decreasing the funding of the Social Security trust fund. I had forwarded my suggestion to various members of congress that the most common sense way to insure the future of the trust fund would be to remove the earnings cap on mandated contributions to the fund. The payroll tax holiday should be restricted to income tax, and social security should be left as it was before this theft of social security benifits began.