Democrats are now party of the rich

[sealybobo]

Who doesn’t pay the SS tax pea?

The maximum Social Security retirement benefit is $5,251 per month. To qualify for this peak amount, you must wait until age 70 to claim benefits and have earned at or above the Social Security maximum taxable wage base for at least 35 years of your working life.

Taxes Paid: The standard Social Security payroll tax rate is 6.2% for employees and 6.2% for employers, totaling 12.4% of your income. Self-employed individuals pay the full 12.4%. This tax only applies to income up to a maximum wage base limit of $184,500. So they pay $22,000 a year for 35 years is $662,000 total.

They get $5251 a month. $63,000 a year. If they live to be 80 they get what they paid in back. If they live to 90 they get more than they paid in. If they die at age 60 they get nothing.

 

[SweetTea]

Who doesn’t pay the SS tax pea?

We all pay it up to a point. The reason those of us dont pay it on money above the taxable max. is because the benefit is capped. Glad I could help.

 

[SweetTea]

The maximum Social Security retirement benefit is $5,251 per month. To qualify for this peak amount, you must wait until age 70 to claim benefits and have earned at or above the Social Security maximum taxable wage base for at least 35 years of your working life.

Taxes Paid: The standard Social Security payroll tax rate is 6.2% for employees and 6.2% for employers, totaling 12.4% of your income. Self-employed individuals pay the full 12.4%. This tax only applies to income up to a maximum wage base limit of $184,500. So they pay $22,000 a year for 35 years is $662,000 total.

They get $5251 a month. $63,000 a year. If they live to be 80 they get what they paid in back. If they live to 90 they get more than they paid in. If they die at age 60 they get nothing.

And the proposal by Bernie is that the cap on the taxable amount is removed and the maximum benefit remains the same. In other words, it is nothing more than a potentially large additional tax on higher earners. That is not what SS was meant to be.

 

[sealybobo]

And the proposal by Bernie is that the cap on the taxable amount is removed and the maximum benefit remains the same. In other words, it is nothing more than a potentially large additional tax on higher earners. That is not what SS was meant to be.

Sorry but the system is rigged. Has been since Reagan. You’ll cry about the fix but consider the alternative is the rest of us have to work longer and get less.

 

[sealybobo]

And the proposal by Bernie is that the cap on the taxable amount is removed and the maximum benefit remains the same. In other words, it is nothing more than a potentially large additional tax on higher earners. That is not what SS was meant to be.

Our military costs us a lot of money. And they spend a lot of money trying to get corporations products sold around the world. Corporatocrazy. Iran, iraq, Venezuela, Cuba all benefits the corporations. They need to pay for these wars not us.

 

[SweetTea]

Sorry but the system is rigged. Has been since Reagan. You’ll cry about the fix but consider the alternative is the rest of us have to work longer and get less.

What are you talking about. If anything , SS is rigged against those that make more money. The benefit algorithm pays out a higher presentage of lifetime contributions to those that contributed less.

 

[SweetTea]

Our military costs us a lot of money. And they spend a lot of money trying to get corporations products sold around the world. Corporatocrazy. Iran, iraq, Venezuela, Cuba all benefits the corporations. They need to pay for these wars not us.

What does this have to do with the SS tax?

 

[sealybobo]

What does this have to do with the SS tax?

You certainly dont want to fix what’s wrong with our economy.

I could fix our economy in one day if I was president. Raise taxes on the rich but not too much and allow people to join Medicare at age 62. I know many people who would retire tomorrow.

I myself might not retire at 62 like I want because of healthcare costs.

 

[SweetTea]

You certainly dont want to fix what’s wrong with our economy.

I could fix our economy in one day if I was president. Raise taxes on the rich but not too much and allow people to join Medicare at age 62. I know many people who would retire tomorrow.

I myself might not retire at 62 like I want because of healthcare costs.

Well, making people pay between 6% and 12% more on all money above the current taxable SS amount would be a large tax increase.

 

[sealybobo]

Well, making people pay between 6% and 12% more on all money above the current taxable SS amount would be a large tax increase.

I’ve said this a million times. Our economy is no longer working right. From 1978 to now ceo pay goes up 1322% workers 18%. Corporations sending high paying jobs overseas and getting tax breaks. Enough!

The system has been rigged for about 50 years. Put it back the way it was.

My brother made $500k as a vp of Hr. About ten years ago it shot up to $1million. Know why? Because he and his bosses decide who gets how much. And workers get the shaft.

More unions is the answer and more progressive taxation

 

[SweetTea]

I’ve said this a million times. Our economy is no longer working right. From 1978 to now ceo pay goes up 1322% workers 18%. Corporations sending high paying jobs overseas and getting tax breaks. Enough!

The system has been rigged for about 50 years. Put it back the way it was.

My brother made $500k as a vp of Hr. About ten years ago it shot up to $1million. Know why? Because he and his bosses decide who gets how much. And workers get the shaft.

More unions is the answer and more progressive taxation

I simply disagree.

 

[sealybobo]

I simply disagree.

So did the rich when trump gave them tax breaks. So did the rich when bush gave them tax breaks. So did the rich when Reagan gave them tax breaks.

 

[SweetTea]

So did the rich when trump gave them tax breaks. So did the rich when bush gave them tax breaks. So did the rich when Reagan gave them tax breaks.

As they should have. The "rich" pay more than their "fair share" already. The "poor" don't realize that because they have been told differently by the Democratic politicians to keep up the class warfare and to push Democratic Socialism. Keep in mind, what constitutes being "rich" continues to move lower and lower due to lefty propaganda.

 

[sealybobo]

As they should have. The "rich" pay more than their "fair share" already. The "poor" don't realize that because they have been told differently by the Democratic politicians to keep up the class warfare and to push Democratic Socialism. Keep in mind, what constitutes being "rich" continues to move lower and lower due to lefty propaganda.

Yesterday they did a good piece on Walmart and how they are like 3 of the 10 richest people in the world. The government serves them not the people. Walmart has exploited labor here and in China. The Walton’s need to be taxed more heavily. And not just them. Capitalism needs fixing. It can be improved or made worse. In the last 50 years people like the Walton’s have paid our politicians to favor them. Period. End of story. The rich have taken over our government.

Strengthen social security and Medicare. No new wars. Cut government waste, fraud and abuse. Doge. And yes tax the rich.

 

[SweetTea]

Yesterday they did a good piece on Walmart and how they are like 3 of the 10 richest people in the world. The government serves them not the people. Walmart has exploited labor here and in China. The Walton’s need to be taxed more heavily. And not just them. Capitalism needs fixing. It can be improved or made worse. In the last 50 years people like the Walton’s have paid our politicians to favor them. Period. End of story. The rich have taken over our government.

Strengthen social security and Medicare. No new wars. Cut government waste, fraud and abuse. Doge. And yes tax the rich.

The rich are taxed? Remember, Democrats said the rich are 400k+. The Walton's, Buffets, Gates, et. al are a completely differently level of rich than what Democrats want to tax. "Rich" to them seems to be anything much more than they make.

 

[otto105]

As they should have. The "rich" pay more than their "fair share" already. The "poor" don't realize that because they have been told differently by the Democratic politicians to keep up the class warfare and to push Democratic Socialism. Keep in mind, what constitutes being "rich" continues to move lower and lower due to lefty propaganda.

Ah, you donated to a billionaire today. It’s hard being a billionaire.

 

[SweetTea]

Ah, you donated to a billionaire today. It’s hard being a billionaire.

Democrats don't only want to tax billionaires.

 

[otto105]

Democrats don't only want to tax billionaires.

Tea, bet you love those tariffs taxes, right.

Fir the Epstein class!!!

 

[Vrenn]

As they should have. The "rich" pay more than their "fair share" already. The "poor" don't realize that because they have been told differently by the Democratic politicians to keep up the class warfare and to push Democratic Socialism. Keep in mind, what constitutes being "rich" continues to move lower and lower due to lefty propaganda.

You may want to reword what you typed so that it makes even a small iota of sense.

 

[Lockback]

You may want to reword what you typed so that it makes even a small iota of sense.

It makes perfect sense to me.
Perhaps English isn't your first language?