I agree with that upper cap on SS needs to be removed, what kind of crap is
that, so anyone who makes more than like 92000 a year doesnt have to pay
anymore SS for that year, that had to be a republican bill. The government
probably is gonna go after more taxes in the future to pay for this dumb ass
3 trillion dollar war in Iraq. I mean its not free, the republicans answer
is lets live on credit and pass it on to the next generation, then we can
blame dems for raising taxes. What would that money have done for the
economy of the USA if it had been spent here in this country. Its called
infrastruture and we better start investing in our own country!
Brad
"HK" wrote in message
. ..
wrote:
On Sun, 27 Apr 2008 09:45:03 -0400, "Lu Powell"
wrote:

Anyone who passes this stuff on without checking the facts is nuts.
While I am no fan of Pelosi nor her socialist fellow-travelers, truth is
paramount. No one is well served by passing this trash around. See:
http://www.snopes.com/politics/soapbox/pelosi.asp


The fact still remains that the government is going to come after your
401k (and any other tax deferred investments) to cover their losses on
Social Security. When FDR proposed SS it was supposed to always be tax
free income. That is certainly not true now if you have any other
significant source of income.
The big lie on tax deferred investment was that your tax rate when you
cashed them in would be lower that it was when you invested the money.
I bet that won't be true unless you live well below the poverty level
in retirement.


It's not "their" losses, it is *our* losses. The upper cap on wages
subject to SS needs to be removed, and should have been removed decades
ago.