lordkelvin where did you get your information about payroll taxes.?

Question

payroll taxes were suppose to be stopped after world war two.here;s a case of the government lying to the people.if the working class could bring home more hard earned money of their;s they would spend more and the country would;nt be in the shape it;s in today.

Answer 1

Taxing the working class is not why the country is " in the shape it;s in today". The working class pays only about 13% of the income taxes paid in the US. I had trouble believing that also when I first started to research this, but it is true.

The problem is that the wealthy do not pay their fair share of the cost of running the country, when weighted against the advantages they derive versus the working class. The Republican administration always wants to give more and more tax breaks to the rich, and yes I know they also always throw a crumb or two to us working slobs. But the top 1% of all wage earners, take in almost 20% of all the income in the US. And the top 50% of all wage earners, making over 150K in taxable income, are controlling 85% of all the income.

Since the wealthy enjoy a disproportionate benefit from our countries way of life, they should be paying a disproportionate amount of the cost to run the country.

Blame the rich? Yes. While the working class, who work by the way for these rich people, have seen 2 and 3 percent increases in wages eaten alive by double digit increases in health care costs, as well and 3 - 4 percent increases in other cost - and let's not even go there on energy prices. The rich have seen 22+ percent increases in average income. I guess that is why the poor rich guy need all the extra tax breaks, income just not keeping up with cost.

Answer 2

Where do you get YOUR information from??

Addendum, in response to your e-mailed comment:

Your comment:

From: bigjon5555

Subject: payroll taxes.

Message: by the reply to the question.i guess you believe everything the government tells you.read and you;ll find out about when, and why payroll taxes were started.and that they were suppose to stop after world war two.

My reply:

It doesn't matter what the intent was prior to and during WWII. The current tax code was passed in 1954, 9 years after the end of WWII.

FYI, payroll taxes cover Social Security and Medicare, split between the employer and employee. They also pay for Unemployment Insurance, paid exclusively by the employer in most states. There is also a small Federal Unemployment Tax, called FUTA, that is exclusively paid by employers. The money withheld from your pay for Federal and State Income Taxes and State Disability Insurance (in a few states) are NOT payroll taxes. Therefore you don't even know what you are talking about when you state that payroll taxes were supposed to end with WWII. That is simply NOT true in ANY context.

It doesn't matter that in 1925 you could not legally buy liquor in the USA. Again, the law (the 21st Amendment in this case) was changed since then -- 1933 to be exact.

Get your head out of the sand, please! Pay attention to the reality of the day, not what used to be at some point in the past.

Answer 3

That payroll tax "decrease" quantities to a whopping $10 each 2 weeks for many human beings. It wasn't even truly definitely worth the time to talk it. we want genuine, deep tax cuts. not those phony "cuts" that do not something for absolutely everyone.

Answer 4

You could always join a religious order and take a vow of poverty. You won't be subject to Social Security or Medicare. When you retire, though, you can't collect Social Security and won't receive Medicare insurance.

Answer 5

The government lies!!!always have and always will!As long as they have enough money etc to live on they dont give a damn about normal folk!

Answer 6

You think LordKelvin reads yahoo answers..?

Answer 7

Do you have a question?