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View Diary: Romney's tax situation is a telling exemplar (123 comments)

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  •  Are SS And Medicare Taxes Really Taxes? (1+ / 0-)
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    They are paid for services to be rendered and for retirement funds.

    My SS "tax" payments are designated for my retirement, based on what I contributed during my working years. At least theoretically these contributions (taxes) are not to be spent by the government, as are my income taxes, but rather held in trust. When I start collecting my SS benefits, then, I am not receiving welfare, or any type of government assistance, I am simply getting back my retirement monies which the government has been holding during my working years.

    My Medicare "taxes" are more in line with paying premiums on medical insurance. That is, pre-paying insurance premiums during working years for meeting old-age (non-working years) medical needs. When I draw on Medicare, then, I am using medical insurance paid for during my working years. Again, this is no more welfare, or government hand-out, than when Blue Cross pays the bills.

    The only real taxes in the system, IMHO, are paid by employers, as their share of the payroll tax, and undocumented workers with fake SS numbers, who pay in but do not receive the benefit of their payroll deductions.

    "Force is as pitiless to the man who possesses it, or thinks he does, as it is to its victims; the second it crushes, the first it intoxicates.” Simone Weil

    by chuco35 on Sun Aug 05, 2012 at 10:40:39 AM PDT

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