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Old 02-13-2025, 08:46 PM
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Default Federal Income Tax
Quote:
Originally Posted by Bill14564 View Post
Nice essay but SS taxes are not loans to the Govt. SS taxes are taxes that fund Govt payments according to a set of rules. When necessary, the rules can change and payments adjusted accordingly.
Federal income tax is a tax. Social security is a different deduction unless you have a job where the state ( ie. Ohio teachers) has their own pension investment program. Unfortunately, you even pay a tax on the Social Security you receive. So we are paying taxes on our tax?
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