Cut in Social Security tax

Discussion in 'Politics' started by M14 Shooter, Dec 29, 2010.

  1. M14 Shooter
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    M14 Shooter The Light of Truth

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    Payroll tax cut worries Social Security advocates - Yahoo! News

    Questions for liberals and/or supporters of The Obama:

    -Do you believe that this 2% increase in take home pay will have a measureable, positive effect on the economy?

    -Do you believe that this 2% increase in take-home pay is, in real terms, a significant benefit to whom it applies?

    Please be sure to explain your responses.
     
    Last edited: Dec 29, 2010
  2. Full-Auto
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    Full-Auto Gold Member

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    Lower costs and added benefits. Whats the down side? Our government isnt going to pay the bills anyway. Untill we get to the train wreck, we cant fix it.
     
  3. VaYank5150
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    VaYank5150 Gold Member

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    -Do you believe that this 2% increase in take home pay will have a measureable, positive effect on the economy? No. 2% of $46,326.00 is only 925.00....spread out over 52 weeks, that is an additional $17.78 a week. How exactly is that going to help the economy, again? Sorta like Bush's "free" $500.00 stimulus checks DIDN'T help the economy.


    -Do you believe that this 2% increase in take-home pay is, in real terms, a significant benefor to the people that it applies to? No. It's a feel good measure. Period.
     
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    It's the only way Obama could buy off voters who pay no Federal income taxes, anyway, since keeping the Bush tax rates for 48% of earners who pay no Federal income taxes is meaningless.
     
  5. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    I would think the deficits would worry them more.

    But then most of them will be dead long before it needs to be repaid.
     
  6. M14 Shooter
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    M14 Shooter The Light of Truth

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    The deficits would worry -who- more?
     
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    Avatar4321 Diamond Member Gold Supporting Member

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    Social security advocates
     
  8. M14 Shooter
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    M14 Shooter The Light of Truth

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    As a rule, those who advicate SocSec generally don't worry about such things.
    But, you have a fair point - reducing SocSec revenue by 16% when it is already just barely afloat will only cause problems.

    But that's a seperate issue - I'm interested in the rationale behind the cut, especialy in terms of economic effect and benefit to those to receive it.

    I, for one, am invesing MY 2% in this:

    Springfield Armory
     
  9. bucs90
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    bucs90 Gold Member

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    Well, older people who get SoSec will be dead before this thing collapses. So they just wanna get paid.

    Question is this, really:

    Which helps the economy more: $$ in gov'ts hands, or money in private hands?
     
  10. M14 Shooter
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    M14 Shooter The Light of Truth

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    In private hands, obviously.
     

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