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Why we can't have good things
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amdx
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First recorded activity by BoatBanter: Jan 2012
Posts: 75
Why we can't have good things
On 4/4/2013 9:14 PM,
wrote:
On Thu, 04 Apr 2013 17:42:41 -0700, Urin Asshole
wrote:
Anecdotes don't "prove" much of anything
Julie's flaw is she is using the current tax going forward. There is
NO baby boomer who paid more than $104,000 between 1966 and 1996 (both
employer and employee contribution)
I have my SSA statement in my hand and I paid the max every one of
those years. Prior to 96 the cap was $4800 and the tax rate was lower
so those will be very small numbers.
I agree a Gen Xer probably won't get back all he paid in and may not
really get much of anything. Sorry.
Don't point out Julie Morse's flaw.
Urin Asshole is invested in what she wrote as the gospel and will not
entertain any evidence that she could be wrong.
Also did you find any way to contact her?
I want her to set the record straight, but find no email
or any way to subscribe to the webpage.
SS payments are progressive, meaning the more you pay in
the longer it takes to get it back, and the less you pay
in the the shorter your payback time.
Mikek
PS Urin, please don't recycle the tired old names you've been calling
me, be a little creative. :-)
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