Medicare and Social Security in big trouble

#29
#29
evillawyer said:
Why should they not be? They're legal entities with rights under the law. They take up resources. They benefit from our rule of law, national defense, etc.
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You realize the owners and employees are taxed on every penny they receive from the company? Why should they be taxed twice on the same money?

This would be like if you owned your own practice. You made 100k. And I first taxed your business (corporate tax). Dropping you down to 89k. Then after that I still take out your income tax on the 89. You consider that fair and just?
 
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#30
#30
Vol8188 said:
You realize the owners and employees are taxed on every penny they receive from the company? Why should they be taxed twice on the same money?

This would be like if you owned your own practice. You made 100k. And I first taxed your business (corporate tax). Dropping you down to 89k. Then after that I still take out your income tax on the 89. You consider that fair and just?
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Yes
 
#32
#32
A bigger issue is whether to take 70% at age 62, wait until 67 for the full SS benefit, or take something in between.
 
#33
#33
evillawyer said:
My understanding is that the government has essentially taken money from the tax dollars collected specifically for MC and SS and used the money for other things. Paying that money back would come from other tax sources, like corporate taxes, which were just massively cut for no good reason.
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Ever think that those stolen SS and MC funds were spent/wasted by congress for no good reason? Those people should be in therapy for addiction to spending or preferably in jail for theft of taxpayer dollars.
 
#34
#34
AM64 said:
Ever think that those stolen SS and MC funds were spent/wasted by congress for no good reason? Those people should be in therapy for addiction to spending or preferably in jail for theft of taxpayer dollars.
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His solution for abusing the tax payer is more abuse. It makes zero sense.
 
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#35
#35
#36
#36
Thunder Good-Oil said:
A bigger issue is whether to take 70% at age 62, wait until 67 for the full SS benefit, or take something in between.
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If you live past about 81 or so, you are better off waiting. If you plan to die before then, then you are S.O.L. So, you need to ask yourself a question...…."do you feel lucky?"
 
#38
#38
Vol8188 said:
You realize the owners and employees are taxed on every penny they receive from the company? Why should they be taxed twice on the same money?

This would be like if you owned your own practice. You made 100k. And I first taxed your business (corporate tax). Dropping you down to 89k. Then after that I still take out your income tax on the 89. You consider that fair and just?
Click to expand...

evillawyer said:
Yes
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wow. A true nanny state supporter
 
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#40
#40
You would think we more people in the work force the trust fund would have the curve extended ... Voodoo math maybe
 
#43
#43
Biopsyman said:
has nothing to do with the tax cute..has everything to do with a lack of work versus support retirees..the simple fix will eliminate the FICA limit of 6.25% or 120k. You can 6.25%on all earning moving forward...You can thank the rich for saving the program.
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That idea sucks. They need to be eliminated and wither away on the vine... not given more time on the feeding tube.
 
#44
#44
Somehow I know I'm gonna be that guy. The guy that gets to retirement age, shows up at the office, gets in line, when I get to the window....it shuts. Window sign says ''We had to draw the line somewhere, this is it. Social Security is now dead''
 
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#45
#45
Vol8188 said:
You realize the owners and employees are taxed on every penny they receive from the company? Why should they be taxed twice on the same money?

This would be like if you owned your own practice. You made 100k. And I first taxed your business (corporate tax). Dropping you down to 89k. Then after that I still take out your income tax on the 89. You consider that fair and just?
Click to expand...

Yes, he probably thinks that is fair.
 
#48
#48
Vol8188 said:
You realize the owners and employees are taxed on every penny they receive from the company? Why should they be taxed twice on the same money?

This would be like if you owned your own practice. You made 100k. And I first taxed your business (corporate tax). Dropping you down to 89k. Then after that I still take out your income tax on the 89. You consider that fair and just?
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Fair and just? Sure, if you made 100 grand, you can afford it. Think of the people not as fortunate as you.
 
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