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Senior Advisor

Re: Unusual logic


@schnurrbart wrote:

You have no idea how much money I make.  Everything I get, I worked hard for and yet our govt has said "you can't get what you should based on what you paid into it because you already have a federal pension!"  You are the people who want to turn over all that money in SS over to the crooks on Wall Street so don't even think about saying that I want it to be a welfare program!!  You're as screwed up as always!


You're the one who wants it based on need not the amount paid in. It is not I who will decide if you make to much. It is the socialist. Call me all the name you want. It is you who wants to break the contract set up with the American people.

Senior Contributor

Re: Didn't the Post Office give you this?

Did you know that during my teens and early twenties, I was sure that i would never reap benefits from the SS system. I was paying SS taxes when i was barely making a buck or a buck and a quarter per hour. I started out at 50 cents per hour. Yippee! Now some 60 year later I am collecting benefits and still paying SS Taxes. Self employed farmer.

 

The only thing that will wreck SS is people failing to support it. Of course we have to raise more revenue as too much income is not taxed for SS. Why should someone making $200K pay   a lower rate than someone making 100K?  We don't tell a guy buying gas that he is exempt from gas tax after buyig a thousand gallon. We don't exempt a consumer from sales tax after he pays $1000 . We do exempt nvestment income and capital gains from SS taxes. If in fact SS is charitable giving then why isn't mitt and warren allowed to pair their 15% on their income.

 

Reagan isthe last one to make  an adjustment to SS taxes and it is time for another adjustment and that will fulfill your future income in your old age.

 

The system has not been robbed. The excess has been invested in US treasury bonds. Just like you in vesting in CD's does not mean you will not get your money bak.

 

 

Senior Contributor

Re: Didn't the Post Office give you this?

If you get 100 gallons of gas you pay for 100 gallons. Not 500 gallons just because you have more money. What is so hard to understand about this?

Senior Contributor

Re: Didn't the Post Office give you this?

What is hard to understand is that Capital gains income is not subject to SS taxation. Therefore, Donald trump pays little into SS.

Senior Contributor

Re: Unusual logic

Of course you are righht but this whole crop insurane fiasco was designed to eliminate farm disaster payments. Most of us didn't participate before be cause the odds of collecting was against those of us with quality land with regular rainfall. It  is only recently that i have bought coverage. Probably the last 3 or 4 years I've only had one claim that exceeded my premium although a couple of years I got most of my premium back.

 

I think the real benefit is to startup farmers that wouldn't get financing with out crop insurance.

Veteran Advisor

Re: Unusual logic

You are so full knowledge you think is true but it is false.  I'll tell you exactly how much I "make".  Doesn't bother me to tell you.  Post office--$968.27, Army--$1152.08.   That is $25,444.20/yr and SS ads another $3744 for a grand total of $29,188.20/yr. If I was getting what my paid in amount would warrant, it would come out to $34,996.20.  So take your crap and stick it back in!!

Veteran Advisor

Re: Unusual logic

There you go again!  Where have I ever said that SS should be based on need??  The crazy rightwingnuts are the ones talking about basing it on need and privatizing it and not making the rich pay more into it.  So, revise your little lie because I have NEVER said SS should be a need basis.  I also am not advocating "breaking a contract".  I think that some of the terms of that contract need to be changed and one of them is the Windfall Elimination Program.  I paid in enough to warrant  about $850/mo not $312!  Yeah, I'm greedy.  NOT!  I just want what is in the books.  Nothing more, nothing less!

Veteran Advisor

Re: Didn't the Post Office give you this?

You would be in pretty good shape if you could get Congress to raise the taxable income cap to a few hundred thousand $ instead of the $120K it is now!  Fat chance of that happening.  But if you had been in the Dow the last year or so with your 7.5% you pay into SS, you would have lost a bundle just like 2006-2007.

Senior Contributor

Re: Unusual logic

Your getting screwed at that rate Bart.

Veteran Advisor

Re: Unusual logic

should have worked for UPS, then.

 

That after tax withholding and health ins comes out?

 

I know how slippery you guys are with the "facts"