"Jim," wrote in message
...
Bill McKee wrote:

"DSK" wrote in message
...

I will detail how the government spends the SS tax money because you
aren't smart enough to figure it out yourself.

1) The government extracts 15% of my income and puts it into the
"Social Security Trust Fund".

Bull****. SS taxes are nowhere near that high. Why do you have to lie to
try and make a point?


2) The government takes my 15% and gives the "Social Security Trust
Fund" an IOU in the form of a Treasury Note or Bond.

Uh huh. So a Treasury bond is just "an IOU"? I guess a $20 bill is just a
green piece of paper?



3) My 15% is now in the general account of the government.

No more than your neighbors mortgage payment is in your checking account
if you use the same bank.


4) The government blah blah blah (snipped)



John H wrote:

That last statement isn't quite fair. DSK is one of a kind.

Not really. The group that I belong to is called "smart people who have
boats." We prefer facts to illogic & bull****.

DSK



How much is the Social Security tax (FICA)?

Look at your paycheck or check www.socialsecurity.gov

I know what it is, but I want DSK's opinion. And if you look at your
paycheck, how much is your real FICA?

"DSK" wrote in message
...
I will detail how the government spends the SS tax money because you
aren't smart enough to figure it out yourself.

1) The government extracts 15% of my income and puts it into the "Social
Security Trust Fund".

Bull****. SS taxes are nowhere near that high. Why do you have to lie to
try and make a point?

Really? When you figure it based on total compensation I am a little low
so, 15% was generous to your arguments.

2) The government takes my 15% and gives the "Social Security Trust Fund"
an IOU in the form of a Treasury Note or Bond.

Uh huh. So a Treasury bond is just "an IOU"? I guess a $20 bill is just a
green piece of paper?

Have you read a $20 bill lately? They are not backed by real gold or silver.
A $20 bill is just that a green piece of paper that can be used to pay
debt's public or private.

3) My 15% is now in the general account of the government.

No more than your neighbors mortgage payment is in your checking account
if you use the same bank.

So, there really is no money, just a bunch of promisies.

4) The government blah blah blah (snipped)



John H wrote:
That last statement isn't quite fair. DSK is one of a kind.

Not really. The group that I belong to is called "smart people who have
boats." We prefer facts to illogic & bull****.

Bill McKee wrote:
If there was a trust fund, they would invest in other items than the Federal
deficit.

Really? In that case, why are there private mutual funds that invest
100% in US gov't debt instruments (Treasuries)? I guess they're not real
either?

Do you realize how lame your statement is, and you're hoping I'd bite?
Or are you really that friggin' dumb?

DSK

"Bill McKee" wrote in message
link.net...

"DSK" wrote in message
...
I will detail how the government spends the SS tax money because you
aren't smart enough to figure it out yourself.

1) The government extracts 15% of my income and puts it into the "Social
Security Trust Fund".

Bull****. SS taxes are nowhere near that high. Why do you have to lie to
try and make a point?

2) The government takes my 15% and gives the "Social Security Trust
Fund" an IOU in the form of a Treasury Note or Bond.

Uh huh. So a Treasury bond is just "an IOU"? I guess a $20 bill is just a
green piece of paper?


3) My 15% is now in the general account of the government.

No more than your neighbors mortgage payment is in your checking account
if you use the same bank.

4) The government blah blah blah (snipped)



John H wrote:
That last statement isn't quite fair. DSK is one of a kind.

Not really. The group that I belong to is called "smart people who have
boats." We prefer facts to illogic & bull****.

DSK


How much is the Social Security tax (FICA)?

FICA taxes are about 12.5%....half of it is deducted from your paycheck, the
other half is paid 'directly' by the employer. This is done to hide the true
cost from simpletons like dsk. That rate is taxed on the first 90k or so
earned....they up it every year. There is also a 2.5% (approx.) medicare
tax, again half is taxen out of your check, the other half directly form the
employer.....there is no cap on that tax. The dirty little secret is
that all of the tax is paid by the employee......the cost to the employer is
figured into the cost of hiring someone........it is just hidden from the
simpletons.

The 'trust' fund is a whole different story. It is like having a savings
account at the bank......You've put in $1000. You are overspending so you
go to the bank, withdraw the money and spend it......but to make yourself
feel better, you write an IOU to yourself to but the money back into the
account. The only way you can ever do that is to eventually reduce your
spending (in the guvmints case....reduce benefits) or increase your income
(in the guvmints case....increase taxes) DSK's lunacy of the treasury bonds
being worth anything is simply silly.

"Bill McKee" wrote in message
ink.net...

"Jim," wrote in message
...
Bill McKee wrote:

"DSK" wrote in message
...

I will detail how the government spends the SS tax money because you
aren't smart enough to figure it out yourself.

1) The government extracts 15% of my income and puts it into the
"Social Security Trust Fund".

Bull****. SS taxes are nowhere near that high. Why do you have to lie to
try and make a point?


2) The government takes my 15% and gives the "Social Security Trust
Fund" an IOU in the form of a Treasury Note or Bond.

Uh huh. So a Treasury bond is just "an IOU"? I guess a $20 bill is just
a green piece of paper?



3) My 15% is now in the general account of the government.

No more than your neighbors mortgage payment is in your checking account
if you use the same bank.


4) The government blah blah blah (snipped)



John H wrote:

That last statement isn't quite fair. DSK is one of a kind.

Not really. The group that I belong to is called "smart people who have
boats." We prefer facts to illogic & bull****.

DSK



How much is the Social Security tax (FICA)?

Look at your paycheck or check www.socialsecurity.gov

I know what it is, but I want DSK's opinion. And if you look at your
paycheck, how much is your real FICA?

Looks like jimmycomma is another one of those simpletons that can't
comprehend the true rate of taxation of FICA.

P.Fritz wrote:
DSK's lunacy of the treasury bonds
being worth anything is simply silly.


I guess most of the central banks of the G-7 countries and most
professionally managed mutual funds & bank trust depts share this "lunacy."

But hey, you're right... Treasury Bonds *must* be worthless! 10,000
ranting fascist butt-heads can't be wrong!

This may be entirely too long a chain of logic, but the funny thing
about your ranting is that your boy Bush has run up a tremendous
deficit, which is a big threat to the financial future of the U.S.... by
saying that Treasury bonds are worthless, you are inplying that the U.S.
is going to default on it's debt... which would a world-wide economic
disaster... a direct result of Bush's policies... so are you sure that
Bush is really that bad?

DSK

P.Fritz wrote:
"Bill McKee" wrote in message
ink.net...

"Jim," wrote in message
. ..

Bill McKee wrote:


"DSK" wrote in message
.net...


I will detail how the government spends the SS tax money because you
aren't smart enough to figure it out yourself.

1) The government extracts 15% of my income and puts it into the
"Social Security Trust Fund".

Bull****. SS taxes are nowhere near that high. Why do you have to lie to
try and make a point?



2) The government takes my 15% and gives the "Social Security Trust
Fund" an IOU in the form of a Treasury Note or Bond.

Uh huh. So a Treasury bond is just "an IOU"? I guess a $20 bill is just
a green piece of paper?




3) My 15% is now in the general account of the government.

No more than your neighbors mortgage payment is in your checking account
if you use the same bank.



4) The government blah blah blah (snipped)



John H wrote:


That last statement isn't quite fair. DSK is one of a kind.

Not really. The group that I belong to is called "smart people who have
boats." We prefer facts to illogic & bull****.

DSK



How much is the Social Security tax (FICA)?

Look at your paycheck or check www.socialsecurity.gov

I know what it is, but I want DSK's opinion. And if you look at your
paycheck, how much is your real FICA?


Looks like jimmycomma is another one of those simpletons that can't
comprehend the true rate of taxation of FICA.





Fritz -- I gave you the website -- what more do you want?

"DSK" wrote in message
. ..

Bill McKee wrote:
If there was a trust fund, they would invest in other items than the
Federal deficit.

Really? In that case, why are there private mutual funds that invest 100%
in US gov't debt instruments (Treasuries)? I guess they're not real
either?

Do you realize how lame your statement is, and you're hoping I'd bite? Or
are you really that friggin' dumb?

DSK
\

There are thousands of mutual funds. If they can get people to invest money
they will make a fund. Matters not if it is a great investment.

"Jim," wrote in message
...
P.Fritz wrote:
"Bill McKee" wrote in message
ink.net...

"Jim," wrote in message
.. .

Bill McKee wrote:


"DSK" wrote in message
h.net...


I will detail how the government spends the SS tax money because you
aren't smart enough to figure it out yourself.

1) The government extracts 15% of my income and puts it into the
"Social Security Trust Fund".

Bull****. SS taxes are nowhere near that high. Why do you have to lie
to try and make a point?



2) The government takes my 15% and gives the "Social Security Trust
Fund" an IOU in the form of a Treasury Note or Bond.

Uh huh. So a Treasury bond is just "an IOU"? I guess a $20 bill is
just a green piece of paper?




3) My 15% is now in the general account of the government.

No more than your neighbors mortgage payment is in your checking
account if you use the same bank.



4) The government blah blah blah (snipped)



John H wrote:


That last statement isn't quite fair. DSK is one of a kind.

Not really. The group that I belong to is called "smart people who
have boats." We prefer facts to illogic & bull****.

DSK



How much is the Social Security tax (FICA)?

Look at your paycheck or check www.socialsecurity.gov

I know what it is, but I want DSK's opinion. And if you look at your
paycheck, how much is your real FICA?


Looks like jimmycomma is another one of those simpletons that can't
comprehend the true rate of taxation of FICA.





Fritz -- I gave you the website -- what more do you want?

You said look at your paycheck. How much is the FICA tax?

Bill McKee wrote:
You said look at your paycheck. How much is the FICA tax?


Is it 15%, as you said? Or was that just another lie?

Why can't the pro-Bushies tell the truth just once in while?

DSK