Cuts to SS and Medicare

[Dagosa]

we have never had a tax cut under any administration that only cut taxes on billionaires, that is leftist propaganda and a blatant lie. If the tax code favors the rich with loopholes, look at who wrote the tax code----------------the party that has controlled congress for most of the last 100 years---democrats.

The democrats ALWAYS restore the taxes on the wealthy when in power. Wtf are you talking about ?

 

[Hutch Starskey]

6.2% on their entire salary.

Because $160K is to low a cap, it should be at a minimum doubled to $320K and probably raised to $500K then indexed to inflation.

WW

Why? How is it a low cap? What formula did you use to determine that? It’s more than anyone else pays. In fact it’s the maximum. Why do you not believe that’s a fair share?

6.2% of 500k is almost $2600 a month. The max benefit at 67 is like $3600 a month.
Explain why that is reasonable to you given what everyone else pays for their benefit.

 

[Mac-7]

Why? How is it a low cap? What formula did you use to determine that? It’s more than anyone else pays. In fact it’s the maximum. Why do you not believe that’s a fair share?

6.2% of 500k is almost $2600 a month. The max benefit at 67 is like $3600 a month.
Explain why that is reasonable to you given what everyone else pays for their benefit.

If gold digging libs raise the cap they will have raise the payouts by the same amount

 

[Dagosa]

If gold digging libs raise the cap they will have raise the payouts by the same amount

What’s the matter ? You’re the gold digger…everything for nothing.

 

[Mac-7]

What’s the matter ? You’re the gold digger…everything for nothing.

Thats an uninformed comment

 

[Dagosa]

Thats an uninformed comment

Sure, you bozos want all your services for nothing.

 

[Mac-7]

Sure, you bozos want all your services for nothing.

Another uninformed comment

 

[Hutch Starskey]

Tax the billionaires then. Make the corporations who pay nothing in income tax pay their employees’ entire payroll tax . Better yet, double or triple.
Leave individuals alone.

A guy making $500k is paying his 35% in federal incom tax. His state and local taxes. Way more property tax than you or I and is paying the maximum in payroll taxes.

Sounds like his fair share to me.

 

[Hutch Starskey]

I have for years advocated for eliminating the cap entirely, the rich should pay SS on their entire annual income, no caps.

Why?

 

[Mac-7]

Tax the billionaires then. Make the corporations who pay nothing in income tax pay their employees’ entire payroll tax . Better yet, double or triple.
Leave individuals alone.

A guy making $500k is paying his 35% in federal incom tax. His state and local taxes. Way more property tax than you or I and is paying the maximum in payroll taxes.

Sounds like his fair share to me.

Why not cut expenses?

Reduce the federal civilian workforce by 25%

 

[Lakhota]

 

[Grumblenuts]

Why? How is it a low cap? What formula did you use to determine that? It’s more than anyone else pays. In fact it’s the maximum. Why do you not believe that’s a fair share?

They really don't need your help here.

Top 1% of U.S. Earners Now Hold More Wealth Than All of the Middle Class

After years of declines, America’s middle class now holds a smaller share of U.S. wealth than the top 1%.

www.bloomberg.com

 

[Dagosa]

Why not cut expenses?

Like what ? Don’t teach CRT in kindergarden ? You guys never come up with any cuts that matter.

 

[Lakhota]

 

[Grumblenuts]

for many it is the difference between surviving and starving. yes, for most its not a big check, but it depends on how much you paid in, I paid the maximum every year for over 40 years, so my SS payment is a nice sum and really helps.

Indeed and that's great. Now how much of a burden or a blessing is either the max tax or the max benefit to any of the 1% or above? Relatively nothing is the response that Hutch can't bring himself to admit in public. Why do you suppose that is?

 

[Dagosa]

WE SHOULD ELIMINATE Medicaid first, in red states. Then watch the people vote for liberals and start supporting Medicare for all.

 

[Hutch Starskey]

Why not cut expenses?

Reduce the federal civilian workforce by 25%

How does that help SS?

 

[Hutch Starskey]

They really don't need your help here.

Top 1% of U.S. Earners Now Hold More Wealth Than All of the Middle Class

After years of declines, America’s middle class now holds a smaller share of U.S. wealth than the top 1%.

www.bloomberg.com

Wealth is irrelevant to SS.
The benefit is based on individual contribution. Not on need, except for SSDI, and not how much wealth one has.

 

[gipper]

Dumb Bernie! What a fraud he is. We already have that society.

 

[Hutch Starskey]

Indeed and that's great. Now how much of a burden or a blessing is either the max tax or the max benefit to any of the 1% or above? Relatively nothing is the response that Hutch can't bring himself to admit in public. Why do you suppose that is?

You don’t get to decide that.
No one is responsible for your retirement income but yourself.