Not exactly correct...SSI benefits:
Supplemental Security Income is a federally funded program administered by the U.S. Social Security Administration (SSA). SSI provides financial help to disabled adults and children who have limited income and assets...

People, including children, who have little income and few resources, and who have a disability, may be eligible for disability payments through the Supplemental Security Income (SSI) program...

It is paid through separate funding, not through Social Secuity..

You see, payroll tax applies to all earned income (i.e., wages or salary you're paid) between $0.01 and $132,900 (as of 2019). This "cap" rises annually with the National Average Wage Index (NAWI). If, for example, the NAWI rises 3.5% year over year, then the earnings tax cap will increase 3.5% in the upcoming year. More than 9 out of 10 working Americans will earn less than $132,900 in 2019, which means they'll have the payroll tax applied to every single dollar they earn.

Meanwhile, a single-digit percentage of the working population will earn more than $132,900 in 2019. Although they'll owe their portion of the payroll tax up to $132,900, all earned income above and beyond this amount is exempt. For some folks, this might represent a small amount of their earned income. But if you earn $266,000 or more, a majority of your income will be exempted from the payroll tax.

Billionaire President Donald Trump is a perfect example of everything the working public dislikes about the current scope of Social Security's payroll tax. Aside from earning $400,000 as salary for being president, financial disclosures filed by Trump suggest that he earns in the neighborhood of $600 million annually, primarily from his employment assets. That works out to $1.64 million a day, close to $68,500 an hour or 1,141.55 a minute in estimated earnings. At this pace, it would take President Trump just 117 minutes -- less than two hours -- to hit the payroll tax earnings cap. In other words, Trump was probably done paying into the system before 2 a.m. on New Year's Day.

If that were not enough, keep in mind that only earned income is subject to the payroll tax. This means investment income, rental income, and multiple other sources of income, most often taken advantage of by the well-to-do, are exempt.

According to an analysis from the Social Security Administration, between 1984 and 2016, the amount of earnings exempted from the payroll tax has quadrupled from about $300 billion to $1.2 trillion. At a tax rate of 12.4%, that $1.2 trillion represents close to $150 billion in lost revenue for the program.

http://www.yahoo.com/finance/news/donald-trump-done-paying-social-110600027.html

The easy fix for Social Security would be to tax ALL incomes and keep the cap. But the greedy, crooked, in the pocket of the wealthy are not likely to do that.

LOL! I bet I know more about economics in my little toe than you. I have a degree in economics and worked in the banking industry for 171/2 years.

Trickle down is a bullshit reagan lie! I suspect you can't answer the questions because you don't know. I know the answer.

IF, as you contend, that corporations don't pay taxes, they instead pass them on to their customers, then why, after their massive TAX CUTS didn't they pass that on to their customers in the form of lowering prices? Trumpy and the repulsives said, no lied, that the TAX CUTS would result in higher wages for the average workers. It didn't happen. Why? Corporate profits were at an all time high before their TAX CUT and corporations as a whole were awash in cash. So why weren't prices falling and wages rising? You don't have a clue, do you?

Maybe you should take a course in history. Raygun's steep corporate TAX CUT in 1986 did not result in higher wages for the average worker. Trickle down, expecting greedy corporations to pass TAX CUTS down to increasing worker wages and price cuts is illogical. The real reason worker wages have been stagnant over the last 40 years is because economic leverage and bargaining power that workers once had but which have been redistributed from workers to capital owners and corporate managers.

Think about it, do some HISTORICAL research into actual results of when and why wages stopped rising, and stop listening to corporate puppet politicians LIE about trickle down.

Real world economics is as much about human nature as it is theory bullshit.

Not exactly correct...SSI benefits:
Supplemental Security Income is a federally funded program administered by the U.S. Social Security Administration (SSA). SSI provides financial help to disabled adults and children who have limited income and assets...

People, including children, who have little income and few resources, and who have a disability, may be eligible for disability payments through the Supplemental Security Income (SSI) program...

It is paid through separate funding, not through Social Security..

You still cannot answer my questions regarding your statement. You said corporations do not pay taxes, they pass that "along to the consumer as a cost of doing business!!!!" IF that is true then 1) why haven't prices come down when corporations are given TAX CUTS? They didn't when raygun got his massive corporate TAX CUT in 1986 and prices have not come down since trumpy's TAX CUTS for the wealthy and corporations. WHY? 2)If corporations do not pay taxes the why do they need a TAX CUT? If you have a different, even better answer, then prey TELL!

Here's another question. If corporations do not pay taxes, then why do federal revenues go down when they are given TAX CUTS?

Remember, corporate profits were at all time highs and they were flush with lots of cash. Why weren't prices coming down and wages rising before trumpy's unnecessary, deficit increasing TAX CUTS?

You are correct in that SS, SSDI, and SSI (for those poor that never paid into SS. But in reality it all goes into and is paid out of the general Treasury. They are merely accounting entries.

"The Treasury both receives the payroll taxes (and income taxes that higher-income retirees pay on their Social Security benefits) and pays monthly benefits on behalf of the Social Security Administration (SSA). The money stays in the Treasury's hands until it is either paid out as Social Security benefits or otherwise spent by the government. In fact, no money ever goes into the trust fund. Instead, the trust fund balance is the result of two accounting entries by the Treasury.

First, the Treasury estimates how much of the aggregate tax receipts are Social Security taxes and "credits" the Social Security trust fund with that amount. Then the Treasury "subtracts" the total amount paid in monthly Social Security benefits from the trust fund balance. No money actually changes hands; these are strictly accounting entries.

From SS website Supplemental Security Income (SSI) is a Federal income supplement program funded by general tax revenues (not Social Security taxes):
blue ball It is designed to help aged, blind, and disabled people, who have little or no income; and
blue ball It provides cash to meet basic needs for food, clothing, and shelter.


3 rotating pictures: 3 seniors, one in a wheelchair; an elderly couple; and, baby and Dad





Any "money" remaining in the trust fund is converted into special-issue Treasury bonds, which are really nothing more than IOUs. In addition, the Treasury pays interest on the trust fund's balance by crediting the trust fund with additional IOUs. These are also strictly accounting entries, and again no money changes hands. After crediting the trust fund with the proper amount in IOUs, the government spends the extra Social Security tax collections just like any other tax revenue--to finance anything from aircraft carriers to education research."

http://www.heritage.org/social-security/report/misleading-the-public-how-the-social-security-trust-fund-really-works

You are correct in that SS, SSDI, and SSI (for those poor that never paid into SS. But in reality it all goes into and is paid out of the general Treasury. They are merely accounting entries.

"The Treasury both receives the payroll taxes (and income taxes that higher-income retirees pay on their Social Security benefits) and pays monthly benefits on behalf of the Social Security Administration (SSA). The money stays in the Treasury's hands until it is either paid out as Social Security benefits or otherwise spent by the government. In fact, no money ever goes into the trust fund. Instead, the trust fund balance is the result of two accounting entries by the Treasury.

First, the Treasury estimates how much of the aggregate tax receipts are Social Security taxes and "credits" the Social Security trust fund with that amount. Then the Treasury "subtracts" the total amount paid in monthly Social Security benefits from the trust fund balance. No money actually changes hands; these are strictly accounting entries.

Any "money" remaining in the trust fund is converted into special-issue Treasury bonds, which are really nothing more than IOUs. In addition, the Treasury pays interest on the trust fund's balance by crediting the trust fund with additional IOUs. These are also strictly accounting entries, and again no money changes hands. After crediting the trust fund with the proper amount in IOUs, the government spends the extra Social Security tax collections just like any other tax revenue--to finance anything from aircraft carriers to education research."

http://www.heritage.org/social-security/report/misleading-the-public-how-the-social-security-trust-fund-really-works

WTF that's exactly what I said we were talking about SS and federal funding when I referred to general funding it was still in reference to federal funding. SS is a separate account.