DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - does minting coinage incur federal reserve interest?

**xT0U3UGh** · 08-15-2012, 12:19 PM

I'd say first that it is stupid. Your participation is not what I would consider informed consent. They do not tell you that if you participate, you also agree to pay Federal Income Taxes. And to top off this idiocy, if you set aside what they take out of your paycheck until you are 65, and put all that money into interest bearing accounts, you would have far more wealth than you will ever get from Social Security old age benefits.

Now, is it lawful? If you agree to it it's lawful until you discover it is a fraud, at which time is becomes unlawful. As for 'legal'? Yes it is perfectly legal because it was created by Statutes. That doesn't mean it is a good idea for you to participate. They have to trick you (use fraud) into agreeing to participate in this plan. And once you are in, they do not make it easy to get out if you feel that is the best thing for you. In exchange for a small promised benefit out in the unforseeable future, they require you to pay in a pretty hefty percentage of your pay--now when they need it and for all the nows until you qualify for benefits--at age 62 or 65, and before you get there they will raise the retirement age. It's a fraud, and in my view, it's unlawful.

Hatha

And without social Security the government cannot tax your labor.
To the astute tax researcher heres the most important statutute.

26usc 3101
(a) Old-age, survivors, and disability insurance
In addition to other taxes, there is hereby imposed on the income of every individual a tax equal to the following percentages of the wages (as defined in section 3121 (a)) received by him with respect to employment (as defined in section 3121 (b))—

Theres no other statute explaining when you earn 3121(a) "wages", in respect to 3121(b) "employment", (participating in Social Security) not only are you imposed the SS taxes for particiapting you are also imposed OTHER ADDITIONAL taxes.
The bases of a W2 is codified at statute 26usc 6051. And the only two wages 6051 refereneces are 3121(a) "wages" and 3401(a) "wages".
3401 is simple 3121(a) "wages" and government employee "wages" all wrapped together to be imposed the 3403 imposistion to off set the Section 1 federal income tax.
Without earning 3121(a)"wages" first a person doesnt earn 3401(a) "wages". In order for the government to be able to deduct the offset imposition for the Section 1 federal income tax your earning must be in respect to 3121(b) "employment" participating in Social Security.
If you dont participate in Social Security none of your earnings can be in resepct to 3121(b) "employment".

08-15-2012, 12:19 PM	#20
xT0U3UGh Join Date Oct 2005 Posts 427 Senior Member	I'd say first that it is stupid. Your participation is not what I would consider informed consent. They do not tell you that if you participate, you also agree to pay Federal Income Taxes. And to top off this idiocy, if you set aside what they take out of your paycheck until you are 65, and put all that money into interest bearing accounts, you would have far more wealth than you will ever get from Social Security old age benefits. Now, is it lawful? If you agree to it it's lawful until you discover it is a fraud, at which time is becomes unlawful. As for 'legal'? Yes it is perfectly legal because it was created by Statutes. That doesn't mean it is a good idea for you to participate. They have to trick you (use fraud) into agreeing to participate in this plan. And once you are in, they do not make it easy to get out if you feel that is the best thing for you. In exchange for a small promised benefit out in the unforseeable future, they require you to pay in a pretty hefty percentage of your pay--now when they need it and for all the nows until you qualify for benefits--at age 62 or 65, and before you get there they will raise the retirement age. It's a fraud, and in my view, it's unlawful. Hatha And without social Security the government cannot tax your labor. To the astute tax researcher heres the most important statutute. 26usc 3101 (a) Old-age, survivors, and disability insurance In addition to other taxes, there is hereby imposed on the income of every individual a tax equal to the following percentages of the wages (as defined in section 3121 (a)) received by him with respect to employment (as defined in section 3121 (b))— Theres no other statute explaining when you earn 3121(a) "wages", in respect to 3121(b) "employment", (participating in Social Security) not only are you imposed the SS taxes for particiapting you are also imposed OTHER ADDITIONAL taxes. The bases of a W2 is codified at statute 26usc 6051. And the only two wages 6051 refereneces are 3121(a) "wages" and 3401(a) "wages". 3401 is simple 3121(a) "wages" and government employee "wages" all wrapped together to be imposed the 3403 imposistion to off set the Section 1 federal income tax. Without earning 3121(a)"wages" first a person doesnt earn 3401(a) "wages". In order for the government to be able to deduct the offset imposition for the Section 1 federal income tax your earning must be in respect to 3121(b) "employment" participating in Social Security. If you dont participate in Social Security none of your earnings can be in resepct to 3121(b) "employment".
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