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JUN 5 2020
How a payroll tax cut would work
“Payroll taxes are withheld from workers’ wages and are used to fund government programs, such as Social Security and Medicare.
For Social Security, employee wages are subject to a 6.2% tax up to $137,700 in 2020. Workers also pay a Medicare tax of 1.45%.
Employers match what workers contribute by also putting in 6.2% toward Social Security and 1.45% for Medicare.”
One of the most notoriously evil and unjust taxes imposed by the Democrat Party Leadership is, a direct, un-apportioned, tax on the property [earned wages], which a poor working person has earned and acquired by the sweat of their labor.
With all the blathering our socialist/communist democrat party Leadership, including squinty eyes, Joe Biden, preaches about helping the “poor working person”, it is absolutely stunning the Democrat Leadership would cook up a tax to confiscate a portion of the wages earned by a poor working person, especially one working two, and sometimes three jobs, to extricate themselves from poverty, and trying to achieve economic freedom and independence.
But the very aim of such a tax is to keep a portion of our nation’s working poor in poverty and dependent on government, and loyal to the Democrat Party Leadership which promises to give back, in the form of “programs”, earned wages which they stole from the very souls they pretend to care for.
President Trump’s suspension of the payroll tax would once again, and as it was prior to 1943, free laboring class citizens (your store clerk, auto mechanic, waitress, truck driver, butcher, baker, etc.,) from a federal tax on the property they earn by the sweat of their labor.
President Trump’s desire to suspend the payroll tax would leave money in the hands of employers and employees, which in turn allows the former to invest the money for increased growth, and the latter to achieve economic freedom while stimulating the economy when spending the money they have rightfully earned.
Keep in mind, prior to 1943, working people had no federal tax imposed on their earned wages. Unfortunately, the Democrat Party Leadership used the 2nd World War to change that and get their hooks into the pockets of working class people. They enacted the “Temporary Victory Tax” of 1943, as a means to help finance the war effort, but never ended this type of tax. They simply dropped the name “Victory Tax” and included this tax under “The Individual Income Tax Act of 1944”, Pub. L. No. 315, Ch. 210, 58 Stat. 231 (May 29, 1944), raising individual income tax rates and repealed the 3% Victory Tax.
The bottom line is, President Trump wants to do the right thing for both businesses and wage earners. The problem is, our communist/socialist democrat party leadership wants to keep their wretched fingers around the necks of poor working people, and hinder them from achieving economic independence and freedom. Their strategy follows an age old maxim:
A POWER OVER A MAN’s SUBSISTENCE AMOUNTS TO A POWER OVER HIS WILL____ Hamilton, No. 79 Federalist Papers
One final note. Suspending the payroll tax does not mean a loss of federal revenue. The revenue lost could be made up under a just type of tax___ a one or two percent luxury tax imposed on specifically selected articles of luxury, which is a voluntarily paid type of tax and allows, as Hamilton points out:
”The amount to be contributed by each citizen will in a degree be at his own option, and can be regulated by an attention to his resources. The rich may be extravagant, the poor can be frugal; and private oppression may always be avoided by a judicious selection of objects proper for such impositions. “ ___ Federalist No. 21
JWK
Alexandria Ocasio-Cortez claims to be an advocate of hard working people living in the Bronx. If that is so, why is she not advocating an end to the unconstitutional “Temporary Victory Tax” of 1943, which began today’s un-apportioned federal direct tax on the property which working people have earned by the sweat of their labor?
