View Single Post
  #36   Report Post  
posted to rec.boats
Urin Asshole Urin Asshole is offline
external usenet poster
 
First recorded activity by BoatBanter: Feb 2013
Posts: 968
Default Why we can't have good things

On Mon, 01 Apr 2013 22:50:00 -0400, wrote:

On Mon, 01 Apr 2013 16:14:22 -0700, Urin Asshole
wrote:

On Mon, 01 Apr 2013 17:49:21 -0400,
wrote:

Why should I, you are good for the money. You seem to enjoy paying for
my new boat.


Huh? You're the ****ing hypocrit. "Why should I?" for the good of your
grandkids asshole. You want everyone else to do the "right thing" but
not you.


My kids may get most of my SS money when I die.


How's that? The country will be completely bankrupt by then. You've
been talking about for a while now. Doom is in the air, and it's all
your fault.

Lifting the cap alone is not really that much help. All you really
have to do top see that is look at the delta between Medicare and SS.
Medicare is not capped now.

Bull****.

How would you compare it?


They're two completely different programs and need different fixes.

It is actually quite simple SS is capped and Medicare isn't. You have
no problem seeing how much is raised and interpolate what happens when
the cap is lifted on SS.


Apples to oranges. But feel free to look stupid in public.


As usual you totally miss the point.


The point on the top of your head? Didn't miss it at tall.


HI is not capped and raises $182 billion collection 2.9 percent of all
wages, tips.etc
If you uncapped OASDI (presently capped at $106k) you would raise an
extra $140 billion over the $637B we collected in 2010 on a 12.4% tax.
I am not going to use 11 or 12 because the 2% tax holiday skews the
numbers.
That seems like a lot of money but it would barely cover the shortfall
in SS/MC now. That deficit goes up every year.


"While the combined OASDI program continues to fail the long-range
test of close actuarial balance, it does satisfy the test for
short-range financial adequacy. The Trustees project that the combined
trust fund assets will exceed one year’s projected cost for more than
ten years, through 2027. "

If you are going to "fix" SS./MC you need more than simply uncapping
the top limit.


I thought you said MC is uncapped? So, you don't know ****.



It has been a couple years since I did it but the numbers are not
really that significant. We just do not have that many W2 people who
make more than the $113.7k that it is capped at now. (I think it was
$102k when I did it)
You can go to IRS.GOV and look at tax stats if you want to see for
yourself. They are in Excel format so you can download the files and
change the view

Feel free to give us your studied, indepth analysis. We know you're an
expert accountant among your other bull****.

I do know how to crunch numbers, it is actually pretty simple to do
this one. Maybe beyond your ability but not that hard.
Maybe when you get to high school you will learn a little elementary
algebra.


Maybe you should try harder to insult me ****head.. you're the ****ing
expert, but you can't even figure out that SS and MC are two
completely different things.


I know they are different brands of the same basic Ponzi but it does
give you a convenient way to see what happens when you remove the
OASDI cap. HI is not capped and OASDI is, taxing the same salary base.
If you interpolate the result of the OASDI rate to the HI rate you get
the delta.


No. You know how to fake being an intellectual, well-read, and a fair
minded person. What you are is a fraud, but I wouldn't call it a Ponzi
fraud.

You can go to tax stats, look at the raw data and do the computations
based on the percentages but you will still end up with about the
same numbers.


Uh huh. Sure. Bascially, you're pulling the numbers out your ass and
smearing it on your **** to make them look better.