----- Original Message ----- From: "Leland F. Jackson, CPA" <[EMAIL PROTECTED]> To: "ProFox Email List" <[email protected]> Sent: Sunday, November 02, 2008 2:54 PM Subject: Re: [OT] Obama's redistribution plan at work
> The payroll tax is to fund the worker's social security for his > retirement. The money paid into SS is owned by the payer, and should > not be used to fund government. The government is a trustee of Social > Security fund with a fiduciary responsibility to manage the funds until > they are needed by the individual upon retirement. It is a bad idea to > commingle income taxes money with Social Security trust funds. > > > Regards, > > LelandJ > You are joking of course! There is not one cent in the Social Security system. Congress has written an IOU for every single penny. It is now a pay-as-you-go system. Congress is also raiding the highway fund which was meant to pay for infrastructure; the money is now going into the general fund. _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
