Will Republicans use funds from social security to fund the tax cut?

Will Republicans use funds from social security to fund the tax cut?
by

1 Answer

Answer :

Probably not from the fund because it is a trust and politcallysensitive, but they will divert payroll taxes intended for thefund; for social security to the general fund instead.
by
selected by

Related questions

How will Republicans spin their refusal to extend the middle class tax cut into being all Obama's fault?

Description : How will Republicans spin their refusal to extend the middle class tax cut into being all Obama's fault?

Last Answer : Our own resident conservative Jaxk has repeatedly argued that payroll taxes aren’t actually taxes! And why would Republicans vote to extend a non-tax cut when they’re so concerned about the deficit?

Why do Republicans oppose extending the payroll tax cut?

Description : Why do Republicans oppose extending the payroll tax cut?

Last Answer : answer:@Qingu Actually, the GOP supported extending all tax cuts, so they supported keeping taxes low for poor, middle-class, and “wealthy” Americans. Cantor does make a good point: we need to completely overhaul the tax code for a more simple and fair way to do it.

Is COVID good for the balance of the Social Security Trust Fund?

Description : Is COVID good for the balance of the Social Security Trust Fund?

Last Answer : It probably helps, but it’s also probably an insignificant dent. Keep in mind some people have chosen to stay unemployed who lost their jobs or chose to leave jobs, and open jobs don’t pay into SS. So, maybe COVID caused a decrease in money flowing into the SS system?

On which one of the following funds are salary and allowances of the judges of High Court of the state charged? (1) Consolidated fund of India (2) Consolidated fund of the State (3) Contingency fund of India (4) Contingency fund of the state

Description : On which one of the following funds are salary and allowances of the judges of High Court of the state charged? (1) Consolidated fund of India (2) Consolidated fund of the State (3) Contingency fund of India (4) Contingency fund of the state

Last Answer : (2) Consolidated fund of the State Explanation: Salary is charged on Consolidated Fund of State. But the pension of the High Court judge is given from the Consolidated Fund of India.

Capital market deals with - (1) Short term fund (2) Long term fund (3) Cash (4) Both long and short term funds

Description : Capital market deals with - (1) Short term fund (2) Long term fund (3) Cash (4) Both long and short term funds

Last Answer : (2) Long term fund Explanation: Capital markets are financial markets for the buying and selling of long-term debt or equity-backed securities. These markets channel the wealth of savers to those ... put it to long-term productive use, such as companies or governments making long-term investments.

In which of the following fund transfer mechanisms, can funds be moved from one bank to another and where the transaction is settled instantly without being bunched with any other transaction? A. RTGS B. NEFT C. TT D. EFT

Description : In which of the following fund transfer mechanisms, can funds be moved from one bank to another and where the transaction is settled instantly without being bunched with any other transaction? A. RTGS B. NEFT C. TT D. EFT

Last Answer : A. RTGS Explanation: In RTGS, the beneficiary branches are expected to receive the funds in real time as soon as funds are transferred by the remitting bank. The beneficiary bank has to credit the beneficiary‘s account within 30 minutes of receiving the funds transfer message.

When an agent asks a customer to invest in a Mutual Fund product without telling him/her about the risks involved in the investment, the process is termed as ______ A. Mis-selling B. Undertaking C. Misappropriation of Funds D. cross selling E. None of the Above

Description : When an agent asks a customer to invest in a Mutual Fund product without telling him/her about the risks involved in the investment, the process is termed as ______ A. Mis-selling B. Undertaking C. Misappropriation of Funds D. cross selling E. None of the Above

Last Answer : A. Mis-selling Explanation: The act of selling something that is not suitable for the person who buys it.

A fund that tracks an index but can be traded like a stock is known as _______ A. Exchange Traded Funds(ETF) B. Mutual Funds C. Energy Funds D. Investment Fund E. None of the Above

Description : A fund that tracks an index but can be traded like a stock is known as _______ A. Exchange Traded Funds(ETF) B. Mutual Funds C. Energy Funds D. Investment Fund E. None of the Above

Last Answer : A. Exchange Traded Funds(ETF) Explanation: An ETF(Exchange Traded Fund) is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, an ETF trades like a common stock on a stock exchange.

Which of the following statements is not correct? A. For the purpose of Funds Flow Statement, the term 'fund ' generally refers to net working capital B. Funds flow is a wider concept than the Cash flow C. The flow of funds must arise due to external and not internal transactions of the business D. The capitalisation of reserves by the issue of bonus shares also involves flow of funds

Description : Which of the following statements is not correct? A. For the purpose of Funds Flow Statement, the term 'fund ' generally refers to net working capital B. Funds flow is a wider concept than ... business D. The capitalisation of reserves by the issue of bonus shares also involves flow of funds

Last Answer : D. The capitalisation of reserves by the issue of bonus shares also involves flow of funds

A statement depicting the reasons for the change in cash position from one period to another a) Fund flow statement b) Statement of uses and application of funds c) Cash flow statement d) Ratio analysis

Description : A statement depicting the reasons for the change in cash position from one period to another a) Fund flow statement b) Statement of uses and application of funds c) Cash flow statement d) Ratio analysis

Last Answer : a) Fund flow statement

An essential tool of short term financial analysis a) Fund flow statement b) Statement of uses and application of funds c) Cash flow statement d) Ratio analysis

Description : An essential tool of short term financial analysis a) Fund flow statement b) Statement of uses and application of funds c) Cash flow statement d) Ratio analysis

Last Answer : c) Cash flow statement

Stock in the beginning results in----------- a) Application of funds b) Source of fund c) Inflow of fund d) None of these

Description : Stock in the beginning results in----------- a) Application of funds b) Source of fund c) Inflow of fund d) None of these

Last Answer : a) Application of funds

Increase in working capital is----------------------- a) Source of fund b) Application of fund c) Funds from operation d) Loss from operation

Description : Increase in working capital is----------------------- a) Source of fund b) Application of fund c) Funds from operation d) Loss from operation

Last Answer : b) Application of fund

Inflow of fund does not take place due to---------------- a) Funds from operation b) Increase in capital c) Increase in working capital d) Sale of fixed asset

Description : Inflow of fund does not take place due to---------------- a) Funds from operation b) Increase in capital c) Increase in working capital d) Sale of fixed asset

Last Answer : b) Increase in capital

Which of the following is an application of fund a) Sale of plant b) Issue of shares c) Purchase of funds d) Payment of creditors

Description : Which of the following is an application of fund a) Sale of plant b) Issue of shares c) Purchase of funds d) Payment of creditors

Last Answer : c) Purchase of funds

-------------------means transfer of economic value of firm from one asset or equity to another. a) Flow of funds b) Uses of fund c) Inflow of funds d) Application of funds

Description : -------------------means transfer of economic value of firm from one asset or equity to another. a) Flow of funds b) Uses of fund c) Inflow of funds d) Application of funds

Last Answer : a) Flow of funds

Fund flow statement is accompanied by a schedule of----------------------------- a) Changes in working capital b) Flow of funds c) Increase in fund d) Decrease in fund

Description : Fund flow statement is accompanied by a schedule of----------------------------- a) Changes in working capital b) Flow of funds c) Increase in fund d) Decrease in fund

Last Answer : a) Changes in working capital

Provisions for the special education of retarded and handicapped children is usually financed by Options: A) Local funds with the usual state aid B) Special state fund C) Local funds with special state aid D) Local and state funds with special assessment to be paid by parent or charitable organizations

Description : Provisions for the special education of retarded and handicapped children is usually financed by Options: A) Local funds with the usual state aid B) Special state fund C) Local funds with special ... D) Local and state funds with special assessment to be paid by parent or charitable organizations

Last Answer : C) Local funds with special state aid 

1. Funds belonging to the Government of India are kept in which fund? 2. Why does Kerosene oil rise up in the wick of lantern? 3. Where is the headquarters of Food and Agriculture Organisation? 4. Xerophytes are plants which can grow in regions having how moisture? 5. Of which influence does the sculptures of the Gandhara school reflect?

Description : 1. Funds belonging to the Government of India are kept in which fund? 2. Why does Kerosene oil rise up in the wick of lantern? 3. Where is the headquarters of Food and Agriculture Organisation? ... 19. Which feature is the product of vulcanicity? 20. From where was the term Congress' derived?

Last Answer : Answer : 1 1. Consolidated Fund of India 2. Because of surface tension 3. Rome 4. Low moisture 5. Greeks 6. Income 7. Calcium and iron 8. Habeas Corpus 9. Equator 10. Spinning wheel 11. Na2 CO3 12. ... a type of garment 16. Brain 17. 24 18. Less than 90° 19. Caldera 20. The History of North America

Capital market deals with (1) Short term fund (2) Long term fund (3) Cash (4) Both long and short term funds

Description : Capital market deals with (1) Short term fund (2) Long term fund (3) Cash (4) Both long and short term funds 

Last Answer : Long term fund

can you file income tax based on social security income vs expenses?

Description : can you file income tax based on social security income vs expenses?

Last Answer : Need Answer

Do I pay tax on Social Security in Virginia?

Description : Do I pay tax on Social Security in Virginia?

Last Answer : Need Answer

does Mississippi Tax Social Security Income?

Description : does Mississippi Tax Social Security Income?

Last Answer : does Mississippi Tax Social Security Income

What is the Social Security tax rate for 2011 on self-employment income?

Description : What is the Social Security tax rate for 2011 on self-employment income?

Last Answer : The tax rate for Social security for 2011 will vary depending on what money you made. You will pay 10.4% on an income of $106,800. It may vary more depending on how much or little you made.

1. The largest source of tax revenue for the federal government is: a. the personal income taxb. the social security taxc. the property taxd. the sales tax

Description : 1. The largest source of tax revenue for the federal government is: a. the personal income tax b. the social security tax c. the property tax d. the sales tax

Last Answer : a. the personal income tax

A commission or fee paid, when an agent or an individual sells an investment such as mutual funds or annuity is known as _________ A. Redemption fee B. Service Charge C. Regressive tax D. Sales tax

Description : A commission or fee paid, when an agent or an individual sells an investment such as mutual funds or annuity is known as _________ A. Redemption fee B. Service Charge C. Regressive tax D. Sales tax

Last Answer : A. Redemption fee Explanation: A mutual fund redemption fee, also referred to as a -market timing fee , or -short-term trading fee , is a charge by a mutual fund company to discourage investors from ... (i.e. a purchase, typically a transfer, followed by a sale within a short period of time).

Cash inflows from a project include: A. tax shield of depreciation B. after tax operating profits C. raising of funds D. Both (a) and (b)

Description : Cash inflows from a project include: A. tax shield of depreciation B. after tax operating profits C. raising of funds D. Both (a) and (b)

Last Answer : D. Both (a) and (b)

Which of the following international institutions has a more democratic way of decision -making on matters of global importance? (1) General Assembly of the united Nations (2) International Monetary Fund (3) Security Council of the United Nations (4) World Bank

Description : Which of the following international institutions has a more democratic way of decision -making on matters of global importance? (1) General Assembly of the united Nations (2) International Monetary Fund (3) Security Council of the United Nations (4) World Bank

Last Answer : (1) General Assembly of the united Nations Explanation: The General Assembly of the United Nations has a more democratic way of decision-making on the matters of global importance.

A short-term government security paper is called - (1) Share (2) Debenture (3) Mutual fund (4) Treasury bill

Description : A short-term government security paper is called - (1) Share (2) Debenture (3) Mutual fund (4) Treasury bill

Last Answer : (4) Treasury bill Explanation: Treasury bills are instrument of short-term borrowing by the Government of India, issued as promissory notes under discount. The interest received on them is the ... they are issued and their redemption value. They have assured yield and negligible risk of default.

The greatest security for a banker is that a________ a. Bill of Exchange b. Mutual fund c. Commercial Paper

Description : The greatest security for a banker is that a________ a. Bill of Exchange b. Mutual fund c. Commercial Paper

Last Answer : a. Bill of Exchange

A short-term government security paper is called (1) Share (2) Debenture (3) Mutual fund (4) Treasury bill

Description : A short-term government security paper is called (1) Share (2) Debenture (3) Mutual fund (4) Treasury bill

Last Answer : Treasury bill

if a person is on social security and wins lots of money is their social security cut off?

Description : if a person is on social security and wins lots of money is their social security cut off?

Last Answer : No, you can continue to collect social security until the day you pass away.

From the information given below, calculate Debt service coverage Ratio– Net profit after interest and Tax Rs. 40,000, Depreciation Rs. 5,000, Rate of Income Tax 50%, 10% Mortgage Debentures Rs. 60,000. Fixed Interest Charges Rs. 6,000, Debenture Redemption Fund Appropriation of Outstanding Debentures 10%. (A) 4•06 times (B) 5•06 times (C) 6•06 times (D) 7•06 times

Description : From the information given below, calculate Debt service coverage Ratio- Net profit after interest and Tax Rs. 40,000, Depreciation Rs. 5,000, Rate of Income Tax 50%, 10% Mortgage Debentures Rs. 60,000. Fixed Interest Charges Rs. 6 ... . (A) 4 06 times (B) 5 06 times (C) 6 06 times (D) 7 06 times

Last Answer : Answer: 4•06 times

Forced Savings refer to - (1) Reduction of consumption consequent to a rise in prices (2) Taxes on individual income and wealth (3) Compulsory deposits imposed on income tax payers (4) Provident fund contribution of private sector employees

Description : Forced Savings refer to - (1) Reduction of consumption consequent to a rise in prices (2) Taxes on individual income and wealth (3) Compulsory deposits imposed on income tax payers (4) Provident fund contribution of private sector employees

Last Answer : (1) Reduction of consumption consequent to a rise in prices Explanation: Forced saving is an economic situation in which consumers spend less than their disposable income, not because they want to ... free economy, this situation would normally result in increase in prices and inflow of more goods.

Depreciation of machines fails under the indirect expenses head. As per income tax regulations, it is calculated by the __________ method. (A) Diminishing balance (B) Sinking fund (C) Multiple straight line (D) Sum of the years digit

Description : Depreciation of machines fails under the indirect expenses head. As per income tax regulations, it is calculated by the __________ method. (A) Diminishing balance (B) Sinking fund (C) Multiple straight line (D) Sum of the years digit

Last Answer : (A) Diminishing balance

Accumulated profits include: A. Provision for doubtful debts B. Superannuation fund C. Workmen's compensation fund. D. Provision for Tax

Description : Accumulated profits include: A. Provision for doubtful debts B. Superannuation fund C. Workmen's compensation fund. D. Provision for Tax

Last Answer : C. Workmen's compensation fund.

The return on investment (ROI) may be calculated as A. Net profit before interest, tax and dividend / Capital employed B. Net profit after interest, tax and dividend / Shareholder's fund C. ( Net profit - preference dividend )/ No. of equity shares D. Return on Investment / Net profit ratio

Description : The return on investment (ROI) may be calculated as A. Net profit before interest, tax and dividend / Capital employed B. Net profit after interest, tax and dividend / Shareholder's fund C. ( Net profit - preference dividend )/ No. of equity shares D. Return on Investment / Net profit ratio

Last Answer : A. Net profit before interest, tax and dividend / Capital employed

Income tax payable come under ------------------ a) Long term liability b) Long term fund c) Current liability d) Other liabilities

Description : Income tax payable come under ------------------ a) Long term liability b) Long term fund c) Current liability d) Other liabilities

Last Answer : c) Current liability

Forced Savings refer to (1) Reduction of consumption consequent to a rise in prices (2) Taxes on individual income and wealth (3) Compulsory deposits imposed on income tax payers (4) Provident fund contribution of private sector employees

Description : Forced Savings refer to (1) Reduction of consumption consequent to a rise in prices (2) Taxes on individual income and wealth (3) Compulsory deposits imposed on income tax payers (4) Provident fund contribution of private sector employees

Last Answer :  Reduction of consumption consequent to a rise in prices

According to the private property defense of the classical model of corporate social responsibility, managers who use corporate funds for projects that are not directly devoted to maximizing profits are stealing from their owners. Which statement supports this view? A. Property rights are restricted when they conflict with the basic rules of society as embodied in law and custom. B. The connection between ownership and control that exists for personal property does not legally exist for corporate property. C. Investors buy their stocks with the hope of maximizing return on their investment. D. Stockholders in publicly traded corporations are better understood as investors rather than owners.

Description : According to the private property defense of the classical model of corporate social responsibility, managers who use corporate funds for projects that are not directly devoted to maximizing ... . Stockholders in publicly traded corporations are better understood as investors rather than owners.

Last Answer : C. Investors buy their stocks with the hope of maximizing return on their investment. D. Stockholders in publicly traded corporations are better understood as investors rather than owners.

If someone has,what they believe to be, a great idea for a social networking website,but no technical knowledge or material funds to bring the idea to fruition,what would be the best course of action to take,who would be best to contact and what is the best way to safeguard the idea?

Description : If someone has,what they believe to be, a great idea for a social networking website,but no technical knowledge or material funds to bring the idea to fruition,what would be the best course of action to take,who would be best to contact and what is the best way to safeguard the idea?

Last Answer : I have no idea, but you get bonus pints for using the word fruition.

It turns out that Donald Trump took all sorts of classified data to Mar A Lago with him when he left office - exactly what he and his cronies accused Hillary Clinton of doing. Are republicans being hypocritical not calling Trump out with the same vehemence they did Hillary?

Description : It turns out that Donald Trump took all sorts of classified data to Mar A Lago with him when he left office - exactly what he and his cronies accused Hillary Clinton of doing. Are republicans being hypocritical not calling Trump out with the same vehemence they did Hillary?

Last Answer : You bet YA !

Who can the Republicans find to run for the Presidency in 2024?

Description : Who can the Republicans find to run for the Presidency in 2024?

Last Answer : I think Ron DeSantis, Governor of Florida, is already running.

I can't believe that the Republicans have the gall, to label The George Floyd Justice in Policing Act an "Attack against Police". Any one else shocked by the hypocrisy?

Description : I can't believe that the Republicans have the gall, to label The George Floyd Justice in Policing Act an "Attack against Police". Any one else shocked by the hypocrisy?

Last Answer : The only thing that surprises me about right wing republican Americans these days is just how far right they are. They are beginning to make the 1930’s era German national socialists look like reasonable, well adjusted members of society.

Is there a chance Republicans’ voter restriction bill in the State of Georgia could backfire on them?

Description : Is there a chance Republicans’ voter restriction bill in the State of Georgia could backfire on them?

Last Answer : I sure hope so!

Do you think any republicans will condemn this example of election fraud?

Description : Do you think any republicans will condemn this example of election fraud?

Last Answer : Yup.

How would Republicans react if Clinton or Obama gave a military order and changed it seemingly at the last minute?

Description : How would Republicans react if Clinton or Obama gave a military order and changed it seemingly at the last minute?

Last Answer : They’d accuse him of being chicken.

Why can't Republicans sell their ideas to the American people without resorting into doing dirty politics to win elections?

Description : Why can't Republicans sell their ideas to the American people without resorting into doing dirty politics to win elections?

Last Answer : This saying comes to mind. The Republicans say that government is the problem, and they prove that point every time they win an election.

Can you help me find video of Trump talking about the republicans and Bush vs. Kerry?

Description : Can you help me find video of Trump talking about the republicans and Bush vs. Kerry?

Last Answer : https://factba.se/transcript/donald-trump-interview-howard-stern-show-september-23-2004 is a transcript of Trump's interview on the Howard Stern show. He talks about Bush and Kerry and the war record. I didn't ... was painted as a war hero. I think it was probably edited so I didn't include it here.

Why did these republicans think we women needed, or wanted, their support to arm ourselves for defense?

Description : Why did these republicans think we women needed, or wanted, their support to arm ourselves for defense?

Last Answer : Isn’t that always the way???