The Social Security tax that taxes SS benefits!!

[jamesduncan]

The Social Security tax that taxes SS benefits!!​

I paid the SS tax & Medicare tax all of my working life and never expected what happened when I turned 67 and started receiving SS benefits.

I have to pay an income tax on my SS benefits !!!
This practice must STOP!!!
Taxing me on my SS tax benefits is a DOUBLE TAX!!!​

We must get together and STOP this double tax !!

Do you agree ?

-

 

[BuckToothMoron]

The Social Security tax that taxes SS benefits!!​

I paid the SS tax & Medicare tax all of my working life and never expected what happened when I turned 67 and started receiving SS benefits.

I have to pay an income tax on my SS benefits !!!
This practice must STOP!!!
Taxing me on my SS tax benefits is a DOUBLE TAX!!!​

We must get together and STOP this double tax !!

Do you agree ?

-

It’s not really so much a double tax as much as it is inefficient. If you’re due $1000 per month based on your contribution, but then taxed $200 of the $1000, it would be more efficient to simply reduce your check to $800. But then again, our federal government has never been an example of efficiency.

 

[jamesduncan]

The social security program is the most successful government program ever created. It is so successful that our government has been borrowing from the Social Security trust fund to the tune of $3,000.000,000.000,000 dollars. That's three (3) trillion dollars and still today our government continues to "borrow" from the SS trust fund.

 

[BuckToothMoron]

I’m not sure why you assume the program has been successful just because our law makers can’t keep their hands off the money sitting in the program, and hence “borrow” the money out.

Trustees Warn: Social Security in Financial Trouble

Specifically, the trustees find that:

• The combined Social Security trust funds are projected to be fully depleted by 2034 — just 18 years from now.
• Without legislative action, all Social Security beneficiaries — 88 million in total — could face across-the-board benefit cuts of 21 percent in 2034.
• The Social Security’s Disability Insurance Trust Fund is estimated to be depleted even sooner — in 2023.
• Without legislative action, approximately 12 million disabled people and their families could face across-the-board benefit cuts of 11 percent that year.

 

[MadChemist]

I’m not sure why you assume the program has been successful just because our law makers can’t keep their hands off the money sitting in the program, and hence “borrow” the money out.

Trustees Warn: Social Security in Financial Trouble

Specifically, the trustees find that:

• The combined Social Security trust funds are projected to be fully depleted by 2034 — just 18 years from now.
• Without legislative action, all Social Security beneficiaries — 88 million in total — could face across-the-board benefit cuts of 21 percent in 2034.
• The Social Security’s Disability Insurance Trust Fund is estimated to be depleted even sooner — in 2023.
• Without legislative action, approximately 12 million disabled people and their families could face across-the-board benefit cuts of 11 percent that year.

By legislative action, I can only assume you mean raising taxes from existing or new means.

Hence, my agreement with you that calling it successful requires some type of an appeal to a metric that hasn't been provided or agreed upon.

 

[leftwinger]

Question: ASSume $2000/mo age 62......$2800 age 67.
Do you wait?

By age 67 that person would have ~$125K in pocket. $800/mo extra would take ~13 years to break even. Meaning you would have to live to age 75, past that you begin to profit......

Of course this does not take into account any COLA or TAXES.

 

[MadChemist]

The social security program is the most successful government program ever created. It is so successful that our government has been borrowing from the Social Security trust fund to the tune of $3,000.000,000.000,000 dollars. That's three (3) trillion dollars and still today our government continues to "borrow" from the SS trust fund.

Successful at what ?

Oppressing the elderly ?

 

[IsaacNewton]

The Social Security tax that taxes SS benefits!!​

I paid the SS tax & Medicare tax all of my working life and never expected what happened when I turned 67 and started receiving SS benefits.

I have to pay an income tax on my SS benefits !!!
This practice must STOP!!!
Taxing me on my SS tax benefits is a DOUBLE TAX!!!​

We must get together and STOP this double tax !!

Do you agree ?

-

It is a gigantic load of horseshit. Pay taxes on the taxes you paid to save for retirement? Taxing taxes. This DOES sound like the Republican way, as long as the double tax is a tax on people that can't afford it. Make the elderly and the poor/middle class pay for trillion of dollars of tax cuts for the wealthy.

And if you asked any Republican in Congress he'd say that is what Jesus would want.

 

[Dont Taz Me Bro]

It is a gigantic load of horseshit. Pay taxes on the taxes you paid to save for retirement? Taxing taxes. This DOES sound like the Republican way, as long as the double tax is a tax on people that can't afford it. Make the elderly and the poor/middle class pay for trillion of dollars of tax cuts for the wealthy.

And if you asked any Republican in Congress he'd say that is what Jesus would want.

Why are you complaining? You love taxes. That's why you keep voting for people who always raise them.

 

[IsaacNewton]

It is a gigantic load of horseshit. Pay taxes on the taxes you paid to save for retirement? Taxing taxes. This DOES sound like the Republican way, as long as the double tax is a tax on people that can't afford it. Make the elderly and the poor/middle class pay for trillion of dollars of tax cuts for the wealthy.

And if you asked any Republican in Congress he'd say that is what Jesus would want.

Why are you complaining? You love taxes. That's why you keep voting for people who always raise them.

You love taxes, that is why you keep voting for people that raise them. Why are you complaining?

 

[Dont Taz Me Bro]

It is a gigantic load of horseshit. Pay taxes on the taxes you paid to save for retirement? Taxing taxes. This DOES sound like the Republican way, as long as the double tax is a tax on people that can't afford it. Make the elderly and the poor/middle class pay for trillion of dollars of tax cuts for the wealthy.

And if you asked any Republican in Congress he'd say that is what Jesus would want.

Why are you complaining? You love taxes. That's why you keep voting for people who always raise them.

You love taxes, that is why you keep voting for people that raise them.

Such as who?

 

[IsaacNewton]

It is a gigantic load of horseshit. Pay taxes on the taxes you paid to save for retirement? Taxing taxes. This DOES sound like the Republican way, as long as the double tax is a tax on people that can't afford it. Make the elderly and the poor/middle class pay for trillion of dollars of tax cuts for the wealthy.

And if you asked any Republican in Congress he'd say that is what Jesus would want.

Why are you complaining? You love taxes. That's why you keep voting for people who always raise them.

You love taxes, that is why you keep voting for people that raise them.

Such as who?

Jesus you live in your own delusions.

Just in the recent Republican tax bill the lowest tax rate goes up from 10% to 12%. Yes these fucktards thought poor people weren't paying enough taxes so they raised their taxes, while cutting the corporate tax rate from 35% to 20%.

I'd say go read something but supporters of the orange turd view reading as 'elite'. Go find yourself a good picture book then and have a juice box.

 

[Flash]

Since the money that you pay into SS when you are working is taxed then you are being taxed twice on it when it is dispersed to you.

Now they do have some silly horseshit formula that supposedly taxes less if you make less but for most people with a decent income 85% of your SS is taxed.

The filthy ass government will fuck you every where it can.

 

[Dont Taz Me Bro]

Jesus you live in your own delusions.

Just in the recent Republican tax bill the lowest tax rate goes up from 10% to 12%.

First of all, that isn't true

http://www.savingtoinvest.com/federal-irs-tax-brackets-tax-rates-and-other-tax-updates/

Second, I didn't vote for Trump anyway; I voted for Gary Johnson.

So I'll ask you again, who have I voted for that raises tax? While you're pondering that answer why don't you go find yourself a good picture book and have a juice box.

 

[Admiral Rockwell Tory]

When are you going to grow up and realize that there is not nor never has been a SS Trust Fund? There is no account where this money sits. The money is used to pay out government expenses. An "IOU" takes it's place.