degsme
Council Member
In the context of paying federal taxes on income???? it means nothing. Since there is no "defined benefit"And the fact that wage taxes are ostensibly to fund SS & MC and the average person receives MORE in benefits than they paid in means...what?
So IOW $1 collected from your taxes via FICA is somehow magically different from the $1 collected from the same paycheck via a different law - BOTH laws deriving from the Internal Revenue Code...That people who don't pay any federal taxes but wage taxes are funding things other than SS & MC? Not where I come from...
UHUH.
And magically the federal $$ spent keep that magical distinction in the electronic form they take as they flow through the Federal General Fund... RIGHTT...
And the tooth fairy exists as well.