SS was not hijacked. It was always just a tax. That's how the FDR regime got it past scotus.

You can always tell when Obama is lying: his lips move.

They are lying?, using their investments unreported to the public...(Comprehensive annual financial report-CAFR)? or have we underestimated the rise in taxation here?

I myself have been paying more taxes now than when I made twice as much prior to 2009.

As others said. The answer is simple. Fewer tax payers and Higher tax revenue means the tax collected from the tax payers had to go up. Higher taxes, simple as that. Obamacare was the biggest tax increase in history!

Perhaps we are all being monetized and our individual value (human capital) and our paid-for assets are being used as collateral?

I'm beginning to think the IRS hacking story was created to hold money in the coffers for as long as possible...maybe forever for those people who are too overwhelmed by personal situations to go after a small return.

A family member and her husband were told someone else filed their 2014 return...and received it. There have been no new charge cards opened in either of their names without their knowledge. Their bank accounts haven't been touched. No big ticket items have been purchased in their names. It's been a year. They've monitored their identities during this time.

This year it's our turn. So far the same results. Only the tax return has been affected, but it's also only been few months.

An acquaintance, and her husband, also had the same thing occur.

6 people. Tax returns only.

I know this isn't a large pool from which to draw any conclusions...but these rather intelligent thieves (hackers have to have some knowledge of code and how to use very specific software) appear to be very bold and not very greedy as exemplified by not using all that identity info for other things. The only agency they targeted happens to be the most feared and powerful agency in the nation.

Why open a new charge card in someone else's name...when you can illegally file a tax return?

Just seems odd to me.

In the meantime, we all have had to file ID theft forms with the IRS, go to the local office to follow the progress of the "investigation" (due to the nature of the crime, the IRS will not do anything over the phone. I get it but it's a pain in the butt) and so far none of us have received our returns.The longest unresolved investigation has been going on for eighteen months.

Maybe someone knows about how identity theft works and can enlighten me as to why it would just be tax returns. Maybe we're just 6 of the luckiest people going because nothing else has happened as a result of having our SS #s stolen along with our tax filing info. That's a lot of valuable info.

It would be nice if the IRS provided evidence that our tax returns were filed - if they are ours, why can't we have a copy?

So far it's just been "You can't file, that was done already. Here, fill out these papers. You have to follow up by coming to the office."

I never would have had a thought such as this 6.5 years ago. I don't mean specifically a thought about the IRS, I mean any kind of suspicious thought about a government agency or a business or a person. The Obama Administration would be proud to know they are succeeding in fundamentally transforming the nation...one personal headache at a time.

creative accounting again! -- j
.

Who's making the money? The "wealthy." Who pays the most in "progressive" taxes? The "wealthy." The fact is, it's the affluent who are pulling this plow.

Record revenue is due to Obama tax increase. This is a temporary state of affairs. When you suck these funds out of the economy, it makes the Producers less willing to take the risk of starting or expanding business enterprises. Watch for a downturn in tax receipts in 2016.

I am not as knowledgeable about Finance as many of the rest of you, but common sense says, "There is a real answer to this question." Nickursis seems to be on the right track - but I cannot vet if the figures he has cited (with gov source) are real or if they have already been 'spun' by the gov.

I can say that I do not think that additional income labeled as Obamacare allows for a profit. What I have seen of that program indicates that this is a 'loss' center for the gov, not a 'profit'.

Jan

Thank you, Nick.

Jan

Go look here:

http://www.usgovernmentrevenue.com/fe...

Income Taxes 1.7 Trillion
SS Taxes 1.0 trillion
Ad valoreum Taxes .2 trillion
Business Taxes .1 trillion.

Looks like you can play with their charts and they say you can download the data, seems legit. But note SS is now part of general fund, not seperate. So SS taxes are just undocumented income taxes that escape the loop holes. No one escapes the SS monster because it is "not a tax" and is of course "for the children and elderly". BULL$%%$ as I said in antother thread, SS was hijacked, and the money is not used for it, it is general fund, and they put useless treasury notes in the SS files and hope you don't notice. That is why it will go bust in a few years. No money goes to it, just paper lies.

That would be amazing if true.

simple -- taxes were raised on those who are not in the
41 percent who are idled. . 30 percent of the entire nation
is sidelined by this economy. . and we call it recovery. . bullsh!t. -- j
.

simple -- taxes were raised on those who are not in the
41 percent who are idled. -- j
.

I suspect that most of the extra revenue comes from "civil forfeiture".

I challenge "reported to have collected" statement by the government...you certainly do not believe everything the Fed has been telling you.

The one eternal law that should finally be recognized by all rational people: The Government Lies.

One word, "inflation".

Especially if Presidebt O'Liar's lips are moving.

Simple...3.25 trillion was only 6.8 billion dollars in 1977☺

the word from the government is a LIE.

Because people at the low end of the labor scale don't really pay any taxes. Most of the people out of work are at the lower end of the spectrum. the top 10% of earners pay 68% of the federal taxes. The bottom 50% pay almost nothing.

Bubble Mania and HFT millisecond trading.

This government lies, so that should be a big consideration. However, taking the premise as truth.....It could be the money printing which is a hidden tax on everyone. This will cause rampant inflation which will accelerate the "taxing" of the poor. The people benefitting are the rich as beneficiaries of the fiat money to prop up Wall Street. The rich also pay most of the obvious taxes. When they benefit this much, do they not also pay more in taxes? I could be completely off-base. But, that is my guess. What do you think?