Rachel's Question
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If only my income tax finals in law school and undergrad were this easy.rachel wrote:LPC,
What did employers pay employee's before Social Security was enacted?
Ok, here's my guess - taxable income.
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So, you are admitting you have no idea!Brian Rookard wrote:Wages?rachel wrote:LPC,
What did employers pay employee's before Social Security was enacted?
Come on Dan, I've been waiting for you to answer this question.
Dont avoid it!
Just a guess.
Its obviously they where not 3121 wages, but then again your just guessing anyway!
Interesting.... to say the least!
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From the 1913 Tax Act:
"That, subject only to such exemptions and deductions as are hereinafter allowed, the net income of a taxable person shall include gains, profits, and income derived from salaries, wages, or compensation for personal service of whatever kind and in whatever form paid, or from professions, vocations, businesses, trade, commerce, or sales, or dealings in property, whether real or personal, growing out of the ownership or use of or interest in real or personal property, also from interest, rent, dividends, securities, or the transaction of any lawful business carried on for gain or profit, or gains or profits and income derived from any source whatever, including the income from but not the value of property acquired by gift, bequest, devise, or descent..."
"That, subject only to such exemptions and deductions as are hereinafter allowed, the net income of a taxable person shall include gains, profits, and income derived from salaries, wages, or compensation for personal service of whatever kind and in whatever form paid, or from professions, vocations, businesses, trade, commerce, or sales, or dealings in property, whether real or personal, growing out of the ownership or use of or interest in real or personal property, also from interest, rent, dividends, securities, or the transaction of any lawful business carried on for gain or profit, or gains or profits and income derived from any source whatever, including the income from but not the value of property acquired by gift, bequest, devise, or descent..."
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Does Brian need to start marking his sarcasm for you?rachel wrote:So, you are admitting you have no idea!Brian Rookard wrote:Wages?rachel wrote:LPC,
What did employers pay employee's before Social Security was enacted?
Come on Dan, I've been waiting for you to answer this question.
Dont avoid it!
Just a guess.
Its obviously they where not 3121 wages, but then again your just guessing anyway!
Interesting.... to say the least!
Employees were paid wages, salaries, commissions, bonuses, etc., just as they are today. If you believe otherwise, please tell us what you think employees were paid before the Social Security Act was passed. And while you're at it, explain why those wages were not what we are calling 3121 wages.
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I changed my mind ... they were paid in Quatloos. I mean, the average worker back then could have never been paid wages ... or salary ... or pay ... or recompense ... or moola ... or dough ... or greenbacks ... or ________ (fill in whatever term you feel should be used for "gettin' paid")rachel wrote:So, you are admitting you have no idea!Brian Rookard wrote:Wages?rachel wrote:LPC,
What did employers pay employee's before Social Security was enacted?
Come on Dan, I've been waiting for you to answer this question.
Dont avoid it!
Just a guess.
Its obviously they where not 3121 wages, but then again your just guessing anyway!
Interesting.... to say the least!
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Rachel:
Can you put aside what happened 50+ years ago and concentrate on the laws as they exist today?
First, can you please state, in simple terms for those of us who can't follow your abstruse logic, exactly what your issue is? Are you arguing that only certain forms, categories, types, or classes of wages are subject to taxation via the income tax or are you trying to make some other point?
Once you clearly state your issue and contentions, perhaps people here can address it without rancor, insults, or leguming contests.
Can you put aside what happened 50+ years ago and concentrate on the laws as they exist today?
First, can you please state, in simple terms for those of us who can't follow your abstruse logic, exactly what your issue is? Are you arguing that only certain forms, categories, types, or classes of wages are subject to taxation via the income tax or are you trying to make some other point?
Once you clearly state your issue and contentions, perhaps people here can address it without rancor, insults, or leguming contests.