History

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Your time to make gains with SDS seems to have arrived. As you knowm today SDS closed @57.24 with a gain of 3.86%. This is great news and I am glad that you are in there. Best wishes to you!

 

[Show-me]

FBI Agents Raid Work,

Home
Of Special Counsel's Bloch

By JOHN R. WILKE
May 6, 2008 3:10 p.m.

WASHINGTON -- Federal Bureau of Investigation agents raided the Office of Special Counsel here, seizing computers and documents belonging to the agency chief Scott Bloch and staff.
More than a dozen FBI agents served grand jury subpoenas shortly after 10 a.m., shutting down the agency's computer network and searching its offices, as well as Mr. Bloch's home. Employees said the searches appeared focused on alleged obstruction of justice by Mr. Bloch during the course of an 2006 inquiry into his conduct in office.

http://online.wsj.com/article/SB121009238217171025.html?mod=googlenews_wsj

 

[Frixxxx]

It's a TAX.

Social Security in the United States is a social insurance program funded through dedicated payroll taxes called Federal Insurance Contributions Act (FICA).

Nice - double speak, first it is a social program and second, paid for by taxes.

When initially signed into law by President Franklin Roosevelt in 1935, the term Social Security covered unemployment insurance as well.

I'd love to tell you my story on this one. Some other day though!

Thanks Luv2read!

 

[luv2read]

Is SS a tax? or defined as something else by the gov't?

It's a TAX.

Social Security in the United States is a social insurance program funded through dedicated payroll taxes called Federal Insurance Contributions Act (FICA). Tax deposits are formally entrusted to[3] Federal Old-Age and Survivors Insurance Trust Fund, or Federal Disability Insurance Trust Fund, Federal Hospital Insurance Trust Fund or the Federal Supplementary Medical Insurance Trust Fund. The main part of the program is sometimes abbreviated OASDI (Old Age, Survivors, and Disability Insurance) or RSDI (Retirement, Survivors, and Disability Insurance). When initially signed into law by President Franklin Roosevelt in 1935, the term Social Security covered unemployment insurance as well. The term, in everyday speech, is used only to refer to the benefits for retirement, disability, survivorship, and death, which are the four main benefits provided by traditional private-sector pension plans. In 2004 the U.S. Social Security system paid out almost $500 billion in benefits.[4] By dollars paid, the U.S. Social Security program is the largest government program in the world and the single greatest expense in the federal budget, with 20.9% for social security and 20.4% for Medicare [5] The Social Security Administration is headquartered in Woodlawn, Maryland just to the west of Baltimore.

 

[Buster]

Most people don't know that back in 1912, Hellmann's mayonnaise was manufactured in England . In fact, the Titanic was carrying 12,000 jars of the condiment scheduled for delivery in Vera Cruz, Mexico , which was to be the next port of call for the great ship after its stop in New York . This would have been the largest single shipment of mayonnaise ever delivered to Mexico . But as we know, the great ship did not make it to New York . The ship hit an iceberg and sank, and the cargo was forever lost.

The people of Mexico , who were crazy about mayonnaise, and were eagerly awaiting its delivery, were disconsolate at the loss. Their anguish was so great, that they declared a National Day of Mourning, which they still observe to this day.

The National Day of Mourning occurs each year on May 5th and is known, of course, as Sinko De Mayo.






WHAT??? You expected something educational from me?


​

 

[Frixxxx]

....
I earn a salary. I pay taxes on my salary. 7.2% of that TAXED salary goes into social security. When I get a SS distribution, I pay taxes AGAIN on that money that has ALREADY been taxed. That's the same thing as taxing Roth distributions.

Is SS a tax? or defined as something else by the gov't?

 

[luv2read]

Based on that, if you pay taxes and that pays the military, does that mean the tax on military income is "double taxation?"

no. Military pay comes out of the Treasury. SS taxes do not go into the Treasury, they go into the SS trust fund. SS distributions are not "earnings" - they are distributions from a trust fund. Military pay is earnings, which are taxable.

I earn a salary. I pay taxes on my salary. 7.2% of that TAXED salary goes into social security. When I get a SS distribution, I pay taxes AGAIN on that money that has ALREADY been taxed. That's the same thing as taxing Roth distributions.

 

[Frixxxx]

Social Security distributions are taxed if you exceed the income level in retirement. You've paid taxes on that money ONCE already when it was earned. That's double taxation...and without representation. My parents never approved that double tax, but they have to pay it!

Based on that, if you pay taxes and that pays the military, does that mean the tax on military income is "double taxation?"

 

[luv2read]

From the Ohio Department of Taxation….” The stimulus payment will not reduce the amount of other benefit payments. It is also not considered taxable income for either federal or state purposes.”

Well I can be pretty dense when it comes to government wording, but it looks like we won’t be taxed for the stimulus welfare check. A follow-up phone call to the Ohio Dept. of Taxation, verified the above comment.

CB

Yay for Ohio!
Boo for Alabama and other states that ARE taxing it!

 

[CountryBoy]

From the Ohio Department of Taxation….” The stimulus payment will not reduce the amount of other benefit payments. It is also not considered taxable income for either federal or state purposes.”

Well I can be pretty dense when it comes to government wording, but it looks like we won’t be taxed for the stimulus welfare check. A follow-up phone call to the Ohio Dept. of Taxation, verified the above comment.

CB

 

[luv2read]

Come on now..we both know they will only tax what is paid as a dividen, capital gain earnings and/or anything past what you contributed originally...That's pretty much everywhere....Texas and Florida are income tax free States

Social Security distributions are taxed if you exceed the income level in retirement. You've paid taxes on that money ONCE already when it was earned. That's double taxation...and without representation. My parents never approved that double tax, but they have to pay it!

 

[Buster]

It's happening in this country everyday. Especially in New Jersey.
They Tax my Gross Salary. When I retire and withdraw my money,
they tax it again.

Come on now..we both know they will only tax what is paid as a dividen, capital gain earnings and/or anything past what you contributed originally...That's pretty much everywhere....Texas and Florida are income tax free States

 

[luv2read]

Taxation without representation hopefully will never happen in this country again.


..Wonder why they had ropes tied to the bales of tea?

A reenactment perhaps? See the nice big bridge in the background!

 

[Guest2]

Taxation without representation hopefully will never happen in this country again.

It's happening in this country everyday. Especially in New Jersey.
They Tax my Gross Salary. When I retire and withdraw my money,
they tax it again.

 

[Buster]

Taxation without representation hopefully will never happen in this country again.


..Wonder why they had ropes tied to the bales of tea?

 

[luv2read]

Made my day, both of you! Thank you!

 

[Buster]

Salute

 

[James48843]

In honor of remembering the small band of people in the late 1700's, who went out of their way to signify that they were not going to stand for the tyranny of power against the little person.....

We hereby invoke the memory of those brave souls, who took the time to work together, and make a symbolic gesture against the imposition of unfair imperial economic power from afar.....

We Salute and Remeber the Boston Tea Party...

View attachment 3836

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[luv2read]

Well whatever they are doing it's not working. As a member of the military, I've stopped my TSP contributions because of the IFT limits. If they aren't going to let me effectively manage my money, then I'm not going to give them anymore of my money to manage.

And it's not JUST the IFT limits. It's the way it was handled by the TSP Board. Anyone who takes away my ability to make money for myself and my family is the ENEMY!!! THE SPAWN OF SATAN!!!

We know who the enemies of the Constitution are...we just can't do anything about it because they hold the power. As I recall, the Constitution provides for that, too....a small band of rebels in the 1700's achieved FREEDOM!

 

[JTH]

Well whatever they are doing it's not working. As a member of the military, I've stopped my TSP contributions because of the IFT limits. If they aren't going to let me effectively manage my money, then I'm not going to give them anymore of my money to manage.

And it's not JUST the IFT limits. It's the way it was handled by the TSP Board. Anyone who takes away my ability to make money for myself and my family is the ENEMY!!! THE SPAWN OF SATAN!!!