The real problem is the Payroll tax system (Social Security and Medicare), with huge amounts being collected by the IRS from America’s employers. The bitter truth: Not one cent of Payroll tax collected by the IRS is even being accounted for in Washington, D.C.
Candidates for the U.S. Presidency talk about reducing the Income Tax to near or actual zero for certain classes of low-income families. However, they are not talking about the 15.3% of employees’ gross pay being sent to the IRS by their employers, supposedly to be set aside in a Trust Fund account to pay for their Social Security and Medicare benefits later.
They do not talk about that $1.2 Trillion each year (!) that is supposed to be set aside for Social Security and Medicare benefits. Instead it’s being spent on fraud, waste, and abuse of the middle class taxpayers, and their so-called “Trust Fund” account gets a worthless IOU.
They do not talk about 35% of the money poured into the General Fund.
There is no Federal Budget accounting of the unfunded liabilities of Social Security and Medicare. These items are not included in the budget!
Attend one of these classes to learn more about the extent of taxation and what you can do to replace this mess.
Below are some of the attendees that stayed to have their picture taken. The next class is scheduled for October 24th at 9:00 AM. Location is First floor cafeteria at 4551 W. 107th St, Overland Park, KS 66207.