Fair Tax and Social Security Question

by John Colarusso

Apr 17, 2017

I have been a Fair Tax supporter for years but I recently ran into a person with a question I could not answer. His question was "if income is not reported anymore and the worker is not contributing to social security how is the amount of an individual's social security allotment going to be figured?"

I admit I was stumped. First time anyone ever asked that. Can anyone explain it? Thanks. 

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    Jamie Wheeler WA

    If I can remember what my mom shared, as her and my dad owned a small business, they would send in a form of the income earned to the Social Security office (I think). So income is still to some degree being reported it is just not the bases for being TAXED anymore.

    Looking forward to what others have to share.

    2

    Apr 17, 2017