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#2
posted to rec.boats
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More stupid **** from D'Plume
wrote: According to you.. someone who apparently has trouble with the facts. I just did my taxes and filled put that work sheet. Try it before you say stupid ****. It is in your 1040 book. Which has minimal or nothing to do with the solvency of Social Security. |
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#3
posted to rec.boats
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Obama endorses slavery
On Wed, 13 Apr 2011 00:34:10 -0400, wrote:
On Tue, 12 Apr 2011 19:26:54 -0700, wrote: On Tue, 12 Apr 2011 19:55:00 -0400, wrote: On Tue, 12 Apr 2011 14:12:47 -0700, wrote: On Tue, 12 Apr 2011 16:58:59 -0400, wrote: On Tue, 12 Apr 2011 12:11:19 -0500, Boating All Out wrote: You still don't get SS, because THERE IS NO SS DEFICIT. SS is $2T in the black! SS taxpayers have already kicked it in. No matter what your - right wing in this case - ideology, you can't get around that. The SS Trust Fund is accounted for in black and white. Everybody knows that. If not they can go to the SS website to get educated. That's a U.S. government debt like any other and has to come from general revenue. That would be true if the government had not spent every dime of that money. Right now the $2T that SS calls an asset, the treasury calls a debt. We can't even cover 60% of what we spend with our revenue. How in the hell will the government ever pay back those SS bonds? Only a right winger would call a paid for old age pension system "welfare." When it becomes a means tested benefit, having no relation to what you paid in, it is welfare. All other 1st world countries call their version of SS "old age pension." You're welcome to call it what you want because we can freely speak here. But most Americans who worked all their lives and now collect SS will just say "**** you" if you tell them they're collecting welfare. What are they going to say when the government simply taxes away their whole benefit because they make too much money. They already tax 85% of SS if you make more than $32k. Bear in mind your FICA money was after tax money so that is already double taxation and you ain't seen nothing yet. According to you.. someone who apparently has trouble with the facts. I just did my taxes and filled put that work sheet. Try it before you say stupid ****. It is in your 1040 book. Which has minimal or nothing to do with the solvency of Social Security. The point is they are chipping away at the promise (we were told SS would never be taxed), to make SS more solvent but, as you say, the effect is minimal. I bet there are more promises that will be made "inoperative" as this problem continues. SS benefits are not taxed until you reach the threshold. Then you're taxed. Why is that a problem for you? There is no "chipping away," unless you mean the Republicans in the House and Senate. |
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#4
posted to rec.boats
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Obama endorses slavery
On Wed, 13 Apr 2011 12:40:29 -0400, wrote:
On Tue, 12 Apr 2011 22:24:26 -0700, wrote: Which has minimal or nothing to do with the solvency of Social Security. The point is they are chipping away at the promise (we were told SS would never be taxed), to make SS more solvent but, as you say, the effect is minimal. I bet there are more promises that will be made "inoperative" as this problem continues. SS benefits are not taxed until you reach the threshold. Then you're taxed. Why is that a problem for you? There is no "chipping away," unless you mean the Republicans in the House and Senate. SS was supposed to always be tax free, at least that was the promise when I started paying my FICA into it. Now it is taxed. I still bet it will virtually be confiscated in the future if you have any other significant source of income. My SS and pension alone is enough to trip the tax trigger now and I haven't tapped my 401k yet. Two things are certain to happen if SS is going to survive. The age will go up and there will be a means test. I know you deny it but you are in denial about all of these debt problems. Sure. Well, I'm not sure when you started paying into it, but in the last millennium or so it's taxed after you reach the threshold. There's already a "means" test, since if you make more than a certain amount, it's taxed. It's possible that the age might have to be raised and while that might be ok for white-collar workers, it's probably not a very good thing for blue-collar. |
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#5
posted to rec.boats
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Obama endorses slavery
On Thu, 14 Apr 2011 12:19:10 -0400, wrote:
On Wed, 13 Apr 2011 15:43:41 -0700, wrote: On Wed, 13 Apr 2011 12:40:29 -0400, wrote: On Tue, 12 Apr 2011 22:24:26 -0700, wrote: Which has minimal or nothing to do with the solvency of Social Security. The point is they are chipping away at the promise (we were told SS would never be taxed), to make SS more solvent but, as you say, the effect is minimal. I bet there are more promises that will be made "inoperative" as this problem continues. SS benefits are not taxed until you reach the threshold. Then you're taxed. Why is that a problem for you? There is no "chipping away," unless you mean the Republicans in the House and Senate. SS was supposed to always be tax free, at least that was the promise when I started paying my FICA into it. Now it is taxed. I still bet it will virtually be confiscated in the future if you have any other significant source of income. My SS and pension alone is enough to trip the tax trigger now and I haven't tapped my 401k yet. Two things are certain to happen if SS is going to survive. The age will go up and there will be a means test. I know you deny it but you are in denial about all of these debt problems. Sure. Well, I'm not sure when you started paying into it, but in the last millennium or so it's taxed after you reach the threshold. There's already a "means" test, since if you make more than a certain amount, it's taxed. It's possible that the age might have to be raised and while that might be ok for white-collar workers, it's probably not a very good thing for blue-collar. I made my first FICA payment in 1965. I started working in 1962 but I didn't make $500 each year so I didn't pay SS. They started taxing SS benefits in 1983 (thanks Ronnie) I agree the tax is a means test and I bet it gets bigger as SS starts running into more trouble. Raising the age for all retirees is just the consequence of people living longer. Our current pension/SS model is unsustainable. I paid into a pension plan for 30 years, If I live to 80, I will collect longer than I worked. How can that be? So, you agree then that there's already a means test. Thanks. We might need to raise the age, but it must be done slowly not overnight. |
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#6
posted to rec.boats
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Obama endorses slavery
On Thu, 14 Apr 2011 21:14:00 -0400, wrote:
On Thu, 14 Apr 2011 10:18:28 -0700, wrote: On Thu, 14 Apr 2011 12:19:10 -0400, wrote: On Wed, 13 Apr 2011 15:43:41 -0700, wrote: On Wed, 13 Apr 2011 12:40:29 -0400, wrote: On Tue, 12 Apr 2011 22:24:26 -0700, wrote: Which has minimal or nothing to do with the solvency of Social Security. The point is they are chipping away at the promise (we were told SS would never be taxed), to make SS more solvent but, as you say, the effect is minimal. I bet there are more promises that will be made "inoperative" as this problem continues. SS benefits are not taxed until you reach the threshold. Then you're taxed. Why is that a problem for you? There is no "chipping away," unless you mean the Republicans in the House and Senate. SS was supposed to always be tax free, at least that was the promise when I started paying my FICA into it. Now it is taxed. I still bet it will virtually be confiscated in the future if you have any other significant source of income. My SS and pension alone is enough to trip the tax trigger now and I haven't tapped my 401k yet. Two things are certain to happen if SS is going to survive. The age will go up and there will be a means test. I know you deny it but you are in denial about all of these debt problems. Sure. Well, I'm not sure when you started paying into it, but in the last millennium or so it's taxed after you reach the threshold. There's already a "means" test, since if you make more than a certain amount, it's taxed. It's possible that the age might have to be raised and while that might be ok for white-collar workers, it's probably not a very good thing for blue-collar. I made my first FICA payment in 1965. I started working in 1962 but I didn't make $500 each year so I didn't pay SS. They started taxing SS benefits in 1983 (thanks Ronnie) I agree the tax is a means test and I bet it gets bigger as SS starts running into more trouble. Raising the age for all retirees is just the consequence of people living longer. Our current pension/SS model is unsustainable. I paid into a pension plan for 30 years, If I live to 80, I will collect longer than I worked. How can that be? So, you agree then that there's already a means test. Thanks. I said that, it was one of the "boaters" who said it wasn't a means test. I just believe that will increase until a person who has any significant income will not actually get any SS. We might need to raise the age, but it must be done slowly not overnight. I agree that is how it will have to get done but they better start pretty soon. Time is running out pretty fast. We are already on the down slope of solvency. It doesn't matter. Your post is off topic. Are you having trouble staying on topic again?? |
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#7
posted to rec.boats
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Obama endorses slavery
In article ,
says... On Tue, 12 Apr 2011 22:24:26 -0700, wrote: Which has minimal or nothing to do with the solvency of Social Security. The point is they are chipping away at the promise (we were told SS would never be taxed), to make SS more solvent but, as you say, the effect is minimal. I bet there are more promises that will be made "inoperative" as this problem continues. SS benefits are not taxed until you reach the threshold. Then you're taxed. Why is that a problem for you? There is no "chipping away," unless you mean the Republicans in the House and Senate. SS was supposed to always be tax free, at least that was the promise when I started paying my FICA into it. Now it is taxed. I still bet it will virtually be confiscated in the future if you have any other significant source of income. My SS and pension alone is enough to trip the tax trigger now and I haven't tapped my 401k yet. Two things are certain to happen if SS is going to survive. The age will go up and there will be a means test. I know you deny it but you are in denial about all of these debt problems. Thank God for financial planning and not counting on collecting any SS when I retire. If I do get any SS it will be gravy. |
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