LOL -- A warning from Napolitano

[Antitrust32]

I think you would have to base it at 12% for social security, not 6%.. Either you pay all 12% or your company matches your 6%...

so go with 12% if you are trying to figure out peoples salaries.

[dellinger63]

Originally Posted by Antitrust32

I think you would have to base it at 12% for social security, not 6%.. Either you pay all 12% or your company matches your 6%...

so go with 12% if you are trying to figure out peoples salaries.

Going with the 12% figure the average yearly pay per worker is reduced to $19,341.

I'm not sure Goss included the employers contribution? If he did then he should have added and their employers everytime he typed 'unauthorized immigrants' or reduced their total contribution by half.

[Antitrust32]

Originally Posted by dellinger63

Going with the 12% figure the average yearly pay per worker is reduced to $19,341.

I'm not sure Goss included the employers contribution? If he did then he should have added and their employers everytime he typed 'unauthorized immigrants' or reduced their total contribution by half.

it has to be 12% no matter what.

If that employee isnt working, the 6% match isnt coming in. If you are self employed you have to pay 12% anyway.

Plus 19k sounds a lot more like the salary of an illegal than 30k.

[Princess Doreen]

The National Immigration Law Center says the money is directed towards the Earnings Suspense File, which is a repository for Social Security taxes which are paid by illegal immigrants who have either used false identities, forged document or incorrect Social Security numbers.

http://www.consumeraffairs.com/news0...ret_stash.html

The U. S. government is getting the benefit of those SS payments. I doubt they're being held in any "Suspense" file. The suspense is how the U. S. government is diverting those funds to pay for something other than the SS Program - much the same as they've diverted a LOT of SS funds. If all the money paid into SS over the decades actually had stayed in a SS account, the program wouldn't be in any trouble whatsoever.

[Antitrust32]

Originally Posted by Princess Doreen

The National Immigration Law Center says the money is directed towards the Earnings Suspense File, which is a repository for Social Security taxes which are paid by illegal immigrants who have either used false identities, forged document or incorrect Social Security numbers.

http://www.consumeraffairs.com/news0...ret_stash.html

The U. S. government is getting the benefit of those SS payments. I doubt they're being held in any "Suspense" file. The suspense is how the U. S. government is diverting those funds to pay for something other than the SS Program - much the same as they've diverted a LOT of SS funds. If all the money paid into SS over the decades actually had stayed in a SS account, the program wouldn't be in any trouble whatsoever.

exactly... its legal stealing

[dellinger63]

Originally Posted by Antitrust32

exactly... its legal stealing

except for the fact the people who pay taxes with legit SS #'s are paying for everything from education to health-care for illegals and familia. Get in a MV accident with one and see who pays no matter who's at fault.

[Nascar1966]

Originally Posted by dellinger63

except for the fact the people who pay taxes with legit SS #'s are paying for everything from education to health-care for illegals and familia. Get in a MV accident with one and see who pays no matter who's at fault.

The illegal wont pay for anything. The legal person will be at fault if any blame will try to be placed on the illegal they will try to sue like the parents are trying of the teenager that was shot by the border patrol scaling a fence on the border.

[Riot]

Originally Posted by dellinger63

except for the fact the people who pay taxes with legit SS #'s are paying for everything from education to health-care for illegals and familia..

Illegals who work and are paying, along with their social security and medicare contributions, state and local taxes out of their paychecks, too, and paying for schools, roads, education, fire and police, health care, etc. And many purchase car insurance. Exactly like legals, or citizens.

[Riot]

Originally Posted by Princess Doreen

If all the money paid into SS over the decades actually had stayed in a SS account, the program wouldn't be in any trouble whatsoever.

SS isn't in trouble. That's just something that people who want to privatize it say. If nothing is done, it's fine until 2037, and after that, it can pay out at 78% of what it should. If nothing at all is ever done. A few small tweaks (raising the cap works very well) and that 78% payout is readily fixed, as has been done in the past.

[Princess Doreen]

Originally Posted by Riot

SS isn't in trouble. That's just something that people who want to privatize it say. If nothing is done, it's fine until 2037, and after that, it can pay out at 78% of what it should. If nothing at all is ever done. A few small tweaks (raising the cap works very well) and that 78% payout is readily fixed, as has been done in the past.

For 2011, FICA is 15.3% up to $106,800 in wages - employee pays half; employer pays half.

Social security payments wouldn't be as high as they are IF the government hadn't frittered away endless amounts of taxpayer SS payments with no intention of paying it back, and IF there wasn't that "Earnings Suspense File" where billions of $$'s are supposedly languishing.

[Riot]

[quote]

Originally Posted by Princess Doreen

For 2011, FICA is 15.3% up to $106,800 in wages - employee pays half; employer pays half.

No, you are way off for 2011, because you didn't finish the quote, above, which continues:

HOWEVER:

Under current law, employees pay a 6.2% Social Security tax on all wages earned up to $106,800 (in 2011) and self-employed individuals pay 12.4% Social Security self-employment taxes on all their self-employment income up to the same threshold.

For 2011, the Senate passed 2010 Tax Reform Act gives a two-percentage-point payroll/self-employment tax holiday for employees and self-employeds. As a result, employees will pay only 4.2% Social Security tax on wages and self-employment individuals will pay only 10.4% Social Security self-employment taxes on self-employment income up to the threshold.

Social security payments wouldn't be as high as they are IF the government hadn't frittered away endless amounts of taxpayer SS payments with no intention of paying it back, and IF there wasn't that "Earnings Suspense File" where billions of $$'s are supposedly languishing.

Why do you think that? Payments are not at the level they are in order to replace lost funds. There have not been SS monies "gone forever", spent illegally by the government. I assume you are referring to surplus SS monies taken from SS Trust Fund and invested (in SS name) in US Treasury securities?

All which still doesn't address the truth that there is no immediate Social Security crisis whatsoever.

[Antitrust32]

Originally Posted by Princess Doreen

Social security payments wouldn't be as high as they are IF the government hadn't frittered away endless amounts of taxpayer SS payments with no intention of paying it back, and IF there wasn't that "Earnings Suspense File" where billions of $$'s are supposedly languishing.

[Antitrust32]

Originally Posted by Riot

SS isn't in trouble. That's just something that people who want to privatize it say. If nothing is done, it's fine until 2037, and after that, it can pay out at 78% of what it should. If nothing at all is ever done. A few small tweaks (raising the cap works very well) and that 78% payout is readily fixed, as has been done in the past.

Only in your world Riot. You dont have to worry about 2037 and beyond. Typical democrat view, just thinking about themselves and the present.

[dellinger63]

Originally Posted by Antitrust32

it has to be 12% no matter what.

If that employee isnt working, the 6% match isnt coming in. If you are self employed you have to pay 12% anyway.

Plus 19k sounds a lot more like the salary of an illegal than 30k.

I completely agree I just think the employer should get credit for the contribution he makes and the worker what he does. An employer would pay the 6% whether it be for a legit or illegit SS#. I trust illegals who are self employed are forgoing both parts and make up part of the 1/3 Goss talks about.