Reply #64: Wrong on the facts, wrong on the law.

[OrwellwasRight]

What does small business get out of the SS tax system? Plenty. It provides income support to the disabled; provides income support for the elderly. Thus, it ensures customers for the small businesses. Of course businesses should pay payroll taxes and contribute to the retirement of their workers, especially when the majority of employers off no pension plans whatsoever.

On a separate note, American businesses reap so many benefits from just being in America: cheap energy costs, subsidized road building, universal education, few enforced holiday/vacation rules, etc. , they should be happy to pay taxes just for the benefit of being here.

What is the insolvency year for SS? 2042 according to SS Actuaries; 2052 according to the CBO. In either case, 75% of benefits could be paid after the insolvency year for quite a while.

Has our Social Security money been funneled in to the General Fund? Not exactly. Any funds "borrowed" where borrowed through the purchase of treasury bonds, which have been and continue to be paid back with interest. The money is completely accounted for.

BTW, not all lawyers speciialize in or even know about the SS system. But many, in fact, are sole proprietors of their own businesses, paying payroll taxes themselves.