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Boating All Out Boating All Out is offline
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First recorded activity by BoatBanter: Nov 2010
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Default Obama endorses slavery

In article ,
says...


up we have a whole bucket full of IOUs, promising the government will
pay out the benefits. They just have not said where the money will
come from. Let me say this again slowly

WE ARE SPENDING 166% OF REVENUE.

There is no money left to pay out that $2T


Don't play stupid.
The SS revenue shortfall is a tiny, tiny percentage of the budget.
How many time do I have to tell you that $2T is payback over 26 years,
IF NOTHING HAPPENS TO INCREASE SS REVENUES!
Pretty obvious you view SS as a commie conspiracy to sap our precious
bodily fluids.

I was only guessing that they would means test SS through the tax
code, simply because that is the easiest way but I do bet they will be
means testing it.


No, you said you were already being means tested because you paid some
tax on SS benefits.
I already explained SS benefits are income, and subject to the
progressive income tax system.
You cut that out so you could continue with a lame argument.


You're just crying about taxes, when a while ago you wanted them raised.


I still do.
I was just talking about how they are already chipping away at the SS
promise. It was always said that SS would never be taxed. Now it is,
based on your means.


There you go again - as RR would say.
Claiming you are being means tested, when you're not.
Means testing is actually a difficult solution.
It requires a determination of net worth.
Even the IRS can't do that without adding 100,000 auditors.
They should probably call it income testing, which is how it would work
if they ever do it.
For example, they set the cutoff at $150k income.
Anything over $150k the SS income is taxed at 100%.
As it is now only 85% of SS income is taxed at marginal rates once
income hit $44k. SS income is NOT taxed at all until income hit $32k.

BTW, nobody buys your claim "It was always said that SS would never be
taxed." I knew as a kid it could be taxed, and I also knew if you work
while collecting, your benefits could be drastically reduced while
working. Exactly the opposite of what you're saying.
I thought everybody has talked with old folks who tell you that.
You been in a monastery?
Look Greg, this is rec.boats.
Do you actually think there are dummies here?