Here’s a sob story about a college%educated professional who can’t support his four kids without the enchanted government child support

[Lisa558]

I'm sure by cutting out a few non essential luxuries, or even downgrading said luxuries a bit, food wouldn't be an issue.

Yup. I know a couple who are always running short on food for their multiple kids, but they have plenty for cigarettes and booze.

 

[Winston]

Oh, I remember you - the Democrat who has contempt for seniors who have contributed to society and saved for 40 years, paying hundreds of thousands in taxes over the decades, and now getting by on SS plus a little from savings, while applauding the handouts to six-figure couples who are crying they can’t afford the four children they had.

Hundreds of thousands in taxes? Look, I got to tell you, if some retiree has paid hundreds of thousands in taxes and only makes 40 grand a year counting social security, I got no damn sympathy for them. Hell, they should pay an additional tax, a stupid tax, because obviously the children of that family making six figures is going to contribute far more to society than their sorry asses.

Why don't you attempt to refute my contentions. That a retired couple making 40 grand a year, counting Social Security, doesn't pay any damn taxes. But that couple making six figures, they do. So how is it that the retired couple you mention is subsidizing the six figure income family with four children? They pay NO DAMN TAXES. So where is the subsidy? You are delusional.

 

[Lisa558]

Hundreds of thousands in taxes? Look, I got to tell you, if some retiree has paid hundreds of thousands in taxes and only makes 40 grand a year counting social security, I got no damn sympathy for them. Hell, they should pay an additional tax, a stupid tax, because obviously the children of that family making six figures is going to contribute far more to society than their sorry asses.

Why don't you attempt to refute my contentions. That a retired couple making 40 grand a year, counting Social Security, doesn't pay any damn taxes. But that couple making six figures, they do. So how is it that the retired couple you mention is subsidizing the six figure income family with four children? They pay NO DAMN TAXES. So where is the subsidy? You are delusional.

Because all you’re doing is complaining about the elderly couple NOW, and how they don’t pay taxes NOW (which alone is false). You are ignoring the decades and decades that an older couple contributed to this country, paying taxes all that time.

This contempt for the elderly, or total disregard of their predicament at best, is also part of socialist thinking. We saw it when some far-left Democrat suggested that old people be LAST in line for the vax since, he said, they have little value.

 

[Indeependent]

You’re still clueless.

And yes, inflation is caused when money is printed to give to some segment of the population, thus increasing costs on others. Why should some moderate earners have to suffer the costs of providing money to affluent families?

AND excusing SOME PEOPLE from paying taxes is the same as giving them more disposable income, causing prices to rise, and it is borne by other people.

Honestly, I’m trying not to get mad because you really don’t have a clue that giving money to some people (or excusing them of taxes) while not giving money to others (or making them still pay their taxes) is giving out to some while making others pay for it.

Colfax sympathizes with violent criminals.

 

[Winston]

You’re still clueless.

And yes, inflation is caused when money is printed to give to some segment of the population, thus increasing costs on others. Why should some moderate earners have to suffer the costs of providing money to affluent families?

AND excusing SOME PEOPLE from paying taxes is the same as giving them more disposable income, causing prices to rise, and it is borne by other people.

Honestly, I’m trying not to get mad because you really don’t have a clue that giving money to some people (or excusing them of taxes) while not giving money to others (or making them still pay their taxes) is giving out to some while making others pay for it.

Let me give you a little Economics lesson. Taxes should be directed at those that save. Because when the government taxes savers, they take money that would restrict the expansion of the economy--see the Paradox of Thrift, and replace it with money that can expand the economy--see the Multiplier effect.

I mean let me give you a simple example. Those retirees you are talking about, well under the ACA the doughnut was eliminated. In fact, it forced drug manufacturers to pay for that elimination by requiring them to accept only half the negotiated price for name brand prescriptions once the doughnut hole was reached, and that half has grown over the years to where it is now about 85%. That put hundreds of thousands of dollars into those retiree's bank accounts, and guess what, THEY SPENT IT. Before that, well that money was taken from them and provided to those drug manufacturers that either banked it, or distributed to shareholders that, well banked it, saved it. Really pretty damn simple.

Here is the truth of the matter. GDP growth under the entire Trump administration would have been negative were it not for the ACA. The CBO agrees, every major analyst of the Medicare market agrees, every Economist worth two shits agrees. So Obama, sitting on his ass and traveling the world, contributed more to GDP growth than Trump, sitting on his fat ass watching Fox News, during Trump's entire tenure.

 

[Winston]

Because all you’re doing is complaining about the elderly couple NOW, and how they don’t pay taxes NOW (which alone is false). You are ignoring the decades and decades that an older couple contributed to this country, paying taxes all that time.

This contempt for the elderly, or total disregard of their predicament at best, is also part of socialist thinking. We saw it when some far-left Democrat suggested that old people be LAST in line for the vax since, he said, they have little value.

Show me where a retired couple, with an income of forty thousand a year counting social security, pays a dime in income taxes, or STFU.

 

[Lisa558]

Colfax sympathizes with violent criminals.

She/he/it is a leftist. It’s what they do.

 

[Lisa558]

Show me where a retired couple, with an income of forty thousand a year counting social security, pays a dime in income taxes, or STFU.

You switched it to couple. I was originally talking about a retiree getting by on SS plus some MRD from the IRA, adding up to $40,000. That person pays taxes. OTOH, a six-figure earner with kids gets excused from paying taxes because….KIDS….and to top it off, he’s getting his kids educated for free.

So the software engineer earning $120,000 pays no taxes, and the retiree with $40k in income, after decades of paying taxes that add up to hundreds of thousands of dollars, has to continue paying taxes.

 

[Winston]

You switched it to couple. I was originally talking about a retiree getting by on SS plus some MRD from the IRA, adding up to $40,000. That person pays taxes. OTOH, a six-figure earner with kids gets excused from paying taxes because….KIDS….and to top it off, he’s getting his kids educated for free.

So the software engineer earning $120,000 pays no taxes, and the retiree with $40k in income, after decades of paying taxes that add up to hundreds of thousands of dollars, has to continue paying taxes.

LMAO, who are you trying to fool. OK, single individual, getting by on 40 grand, mostly because the minimum required distrbution is pushing them into a taxable situation. Well, how are they making 25 grand on their minimum required distribution. That means the value of their IRA at 71 is over two hundred grand. And yet they are drawing less than $1500 a month in Social Security. That is just not anywhere close to reality. I mean know this, this is what I do for a living. This is how I raised six kids. I have forgotten more about RMD's, Social Security income, and retirement planning than you will ever know. I have tens of millions of dollars under management, hundreds of clients who value my expertise, and your scenario is just plain off the wall STUPID.

 

[22lcidw]

There is no excuse for not getting a job anymore, there sure are plenty of them out there. Sure it may not be his dream job but when times are tough it doesn't matter, you get the job anyway. And his wife doesn't want to work? Well tough shit, you get a job. There are plenty of opportunities for her to even have a remote job she can do from home. I mean there are single parents with multiple kids that still have a job, go ask most poor ass urban parents.

This sounds like a case of they can't have their sweet ideal life and they are upset about it. They don't want to do any real work or put any real effort into life. They want the easy route because they are soft and weak.

It's their fault they had so many kids, it's their fault they didn't build in a safety plan into their lives for this to happen and it's their fault they don't want to work.

Fuck em.

We are a selfish people. Admitting to it is not good.

 

[Indeependent]

LMAO, who are you trying to fool. OK, single individual, getting by on 40 grand, mostly because the minimum required distrbution is pushing them into a taxable situation. Well, how are they making 25 grand on their minimum required distribution. That means the value of their IRA at 71 is over two hundred grand. And yet they are drawing less than $1500 a month in Social Security. That is just not anywhere close to reality. I mean know this, this is what I do for a living. This is how I raised six kids. I have forgotten more about RMD's, Social Security income, and retirement planning than you will ever know. I have tens of millions of dollars under management, hundreds of clients who value my expertise, and your scenario is just plain off the wall STUPID.

How many people who started working in the last 10 or 15 years will have a stable career and some extra money left ever to invest in anything?
Those days are far gone as life has never been anywhere near as expensive as it has become since around 2000.

 

[colfax_m]

You’re still clueless.

And yes, inflation is caused when money is printed to give to some segment of the population, thus increasing costs on others. Why should some moderate earners have to suffer the costs of providing money to affluent families?

AND excusing SOME PEOPLE from paying taxes is the same as giving them more disposable income, causing prices to rise, and it is borne by other people.

Honestly, I’m trying not to get mad because you really don’t have a clue that giving money to some people (or excusing them of taxes) while not giving money to others (or making them still pay their taxes) is giving out to some while making others pay for it.

Sure. Republicans will vote for all kinds of tax breaks for all kinds of rich Americans.

But give a tax break to families and you’ve gone to far.

Tell you what, just tell yourself that the tax breaks will pay for themselves. That’s the dumb shit you’ve been told by republicans for decades. Might as well try to be consistent.

 

[Lisa558]

LMAO, who are you trying to fool. OK, single individual, getting by on 40 grand, mostly because the minimum required distrbution is pushing them into a taxable situation. Well, how are they making 25 grand on their minimum required distribution. That means the value of their IRA at 71 is over two hundred grand. And yet they are drawing less than $1500 a month in Social Security. That is just not anywhere close to reality. I mean know this, this is what I do for a living. This is how I raised six kids. I have forgotten more about RMD's, Social Security income, and retirement planning than you will ever know. I have tens of millions of dollars under management, hundreds of clients who value my expertise, and your scenario is just plain off the wall STUPID.

Your numbers are all wrong. Try slightly more than $2000 in SS, or around $25,000 a year, plus $18,000 MRD on an IRA of around $300,000 - saved over decades of work, all while paying taxes. That’s $43,000 - and taxes are owed on what is a modest income. Yet our software engineer earning six figures doesn’t have to pay tax, and why? Because he’s crying that he can’t afford the four kids he has, and you leftists want to give him other people’s money.

Thus:

Grandma who paid taxes over four decades of work, and now has a $40kish income on which she must pay taxes, and

50-year old software engineer earning $120,000 and getting excused from taxes - let Granny pay!! - because it’s not enough to cover the costs of the four kids he had and can’t afford, and his entitled wife doesn’t want to get a part-time job while the kids are in school to be able to support the family

 

[Lisa558]

Sure. Republicans will vote for all kinds of tax breaks for all kinds of rich Americans.

But give a tax break to families and you’ve gone to far.

Tell you what, just tell yourself that the tax breaks will pay for themselves. That’s the dumb shit you’ve been told by republicans for decades. Might as well try to be consistent.

You’re impossible. I’m talking about the hardships to the MIDDLE CLASS that is being caused by Biden’s liberal handout policies. You’re so stuck on the “rich” that you can’t even comprehend what is going on here.

People need to take jobs and stop assuming they are entitled to other people’s money.

 

[colfax_m]

You switched it to couple. I was originally talking about a retiree getting by on SS plus some MRD from the IRA, adding up to $40,000. That person pays taxes. OTOH, a six-figure earner with kids gets excused from paying taxes because….KIDS….and to top it off, he’s getting his kids educated for free.

So the software engineer earning $120,000 pays no taxes, and the retiree with $40k in income, after decades of paying taxes that add up to hundreds of thousands of dollars, has to continue paying taxes.

There’s a little irony in your scenario here.

Guess who is paying for the retirees social security check? It’s straight up taking money from the engineer and giving it to the old people.

 

[Carl in Michigan]

1. If they couldn’t afford to support four kids, why did they have them?

I HATE these types of questions. It feeds the idea that kids are a burden. People "afford" what they want to afford. People also choose the amount of debt theyre comfortable with.

My parents were poor and they had 5 kids. I never really felt like I was poor though because we always had what wee needed. The family lived modestly, and we were fine

 

[Lisa558]

There’s a little irony in your scenario here.

Guess who is paying for the retirees social security check? It’s straight up taking money from the engineer and giving it to the old people.

We are not talking about SS. We are talking about federal income tax.

And the retirees who are getting SS now? They paid in for 40 years while the generation ahead of them collected.

Now thanks to the anti-elderly socialists, they are demeaned as takers while the affluent professionals ar the ones being excused from paying taxes.

Warning: you will be old one day, and you won’t like having to pay taxes on your modest income while families are getting $10,000 a year - either direct handout or a credit against their taxes.

 

[Indeependent]

There’s a little irony in your scenario here.

Guess who is paying for the retirees social security check? It’s straight up taking money from the engineer and giving it to the old people.

Which is why Trump put the kabosh on Business Visas and Biden has kept it.
Now Americans are working and paying taxes.
When you start your own chain of medical providers you will also want tax breaks for providing jobs.

 

[Lisa558]

I HATE these types of questions. It feeds the idea that kids are a burden. People "afford" what they want to afford. People also choose the amount of debt theyre comfortable with.

My parents were poor and they had 5 kids. I never really felt like I was poor though because we always had what wee needed. The family lived modestly, and we were fine

Fine. Did you have what you needed because other people were having their money given to your family, since your parents couldn’t afford to support the kids they had, or were your parents self-supporting? THAT is the issue.

People can have as many kids as they choose, as long as they don’t feel entitled to other people’s money to help pay for them.

 

[debbiedowner]

Show me where a retired couple, with an income of forty thousand a year counting social security, pays a dime in income taxes, or STFU.

You will pay tax on only 85 percent of your Social Security benefits, based on Internal Revenue Service (IRS) rules. If you:

• file a federal tax return as an "individual" and your combined income*is
  • between $25,000 and $34,000, you may have to pay income tax on up to 50 percent of your benefits.
  • more than $34,000, up to 85 percent of your benefits may be taxable.
• file a joint return, and you and your spouse have a combined income*that is
  • between $32,000 and $44,000, you may have to pay income tax on up to 50 percent of your benefits.
  • more than $44,000, up to 85 percent of your benefits may be taxable.
• are married and file a separate tax return, you probably will pay taxes on your benefits.

Request to withhold taxes

Submit a request to pay taxes on your Social Security benefit throughout the year instead of paying a big bill at tax time.

www.ssa.gov