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US Congress & The Legislative Branch Discuss TRUMP & RYAN to dismantle SOCIAL SECURITY at the Political Forums; Originally Posted by winston53660 Another thing to rid of is the capital gains rates from the stock market. And actually ...

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  #51 (permalink)  
Old 04-19-2017, 02:42 AM
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Default Re: TRUMP & RYAN to dismantle SOCIAL SECURITY

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Originally Posted by winston53660 View Post
Another thing to rid of is the capital gains rates from the stock market. And actually tax it just like working stiffs do.
There once was a time when I opposed such measures. But the elites have screwed us so much. hang em and hang em high
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Old 04-19-2017, 07:27 AM
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Default Re: TRUMP & RYAN to dismantle SOCIAL SECURITY

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Originally Posted by treedancer View Post

Both measures of income were highly concentrated. In 2013, the top 1 percent of households received 17 percent of income before taxes and transfers and 12 percent of income after federal taxes and transfers, while the bottom 80 percent of households received a little over two-fifths of income before taxes and transfers and a little over half of income after taxes and transfers.

As CBO’s latest analysis of trends in income distribution from 1979 to 2013 shows, federal taxes and transfers both reduce income inequality, but the reduction due to transfers is considerably larger than that due to taxes.

Maybe looking at this chart will help.Or not.
If you look solely at percentages, a limited view IMO, then of course you would think that the upper earners 'pay less'.

Try looking at that in actual dollars.... (file to large to upload, link only...)
Who Pays Income Taxes? The Rich, Mostly
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Old 04-19-2017, 07:41 AM
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Default Re: TRUMP & RYAN to dismantle SOCIAL SECURITY

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Originally Posted by GottaGo View Post
If you look solely at percentages, a limited view IMO, then of course you would think that the upper earners 'pay less'.

Try looking at that in actual dollars.... (file to large to upload, link only...)
Who Pays Income Taxes? The Rich, Mostly
Percentages mean nothing when speaking of those with no income. 17% or 100% of zero is zero.

1% pays 25% of the taxes. 9% pay 50% of the taxes.
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Old 04-19-2017, 11:19 PM
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Default Re: TRUMP & RYAN to dismantle SOCIAL SECURITY

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Originally Posted by GottaGo View Post
If you look solely at percentages, a limited view IMO, then of course you would think that the upper earners 'pay less'.

Try looking at that in actual dollars.... (file to large to upload, link only...)
Who Pays Income Taxes? The Rich, Mostly
Back on topic/semi topic.


If someone makes $2280.00 per year they would have their Social Security paid for the year between the Christmas and New Year’s Day.

But if my Hypothetical person made a $million dollars per year he would have to work about six weeks/the second week of February then it's smooth sailing for the rest of the year.
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Old 04-20-2017, 08:57 AM
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Default Re: TRUMP & RYAN to dismantle SOCIAL SECURITY

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Seeing that 95% of Income gains since 2009 went to the top 1%, yer position is laughable.

It's absurd to think that If the cap were off, the percentage wouldn’t hit the target of the long-range/actuarial balance of 1.96% in the 75th year.

It would more than likely be there now.
So, you don't have any reliable numbers showing your save SS by taxing the rich scheme would work so you resort to some class warfare demagoguery and of course disparaging any questioning of your irrelevant usage of income as "absurd."

SS taxes salary, not income. The wealthy derive most of their income from capital gains such as stock options or asset sales. Is it just ignorance or deception that explains your failure to give projected numbers from lifting the SS tax but instead parade around irrelevant income numbers?

A rudimentary understanding of finance teaches that the most critical years for contributions are the early ones. Early contributions earn more over the life of the annuity. The SS trust fund doesn't really earn anything but the pretext for the "closing the solvency gap" includes the imaginary interest earned by the special purpose SS bonds. The fact is the gap the study projected to close has only gotten wider in the 8 years since it was published so just raising taxes the same amounts will not produce the same result. What was speculatively possible 8 year ago may not be feasible today. If you think it is, prove it.

Once again, is that all you have got?
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Old 04-20-2017, 09:35 AM
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Default Re: TRUMP & RYAN to dismantle SOCIAL SECURITY

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Back on topic/semi topic.


If someone makes $2280.00 per year they would have their Social Security paid for the year between the Christmas and New Year’s Day.

But if my Hypothetical person made a $million dollars per year he would have to work about six weeks/the second week of February then it's smooth sailing for the rest of the year.
So your complaint is about how fast someone pays their 'liability' to SS?
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Old 04-20-2017, 08:59 PM
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Default Re: TRUMP & RYAN to dismantle SOCIAL SECURITY

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So, you don't have any reliable numbers showing your save SS by taxing the rich scheme would work so you resort to some class warfare demagoguery and of course disparaging any questioning of your irrelevant usage of income as "absurd."

SS taxes salary, not income. The wealthy derive most of their income from capital gains such as stock options or asset sales. Is it just ignorance or deception that explains your failure to give projected numbers from lifting the SS tax but instead parade around irrelevant income numbers?

A rudimentary understanding of finance teaches that the most critical years for contributions are the early ones. Early contributions earn more over the life of the annuity. The SS trust fund doesn't really earn anything but the pretext for the "closing the solvency gap" includes the imaginary interest earned by the special purpose SS bonds. The fact is the gap the study projected to close has only gotten wider in the 8 years since it was published so just raising taxes the same amounts will not produce the same result. What was speculatively possible 8 year ago may not be feasible today. If you think it is, prove it.

Once again, is that all you have got?
Social Securities Chief Actuary disagrees with the bull**** yer shoveling.

As a matter of fact, he said that lifting the cap for higher earners to $250,000 would extend the program’s solvency until 2065 and finance an across-the-board benefit increase.My proposal would remove the cap completely.
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Old 04-20-2017, 09:03 PM
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Default Re: TRUMP & RYAN to dismantle SOCIAL SECURITY

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So your complaint is about how fast someone pays their 'liability' to SS?
No, I'll give them the week between Christmas and News Years off.
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Old 04-21-2017, 08:20 AM
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Default Re: TRUMP & RYAN to dismantle SOCIAL SECURITY

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Social Securities Chief Actuary disagrees with the bull**** yer shoveling.

As a matter of fact, he said that lifting the cap for higher earners to $250,000 would extend the program’s solvency until 2065 and finance an across-the-board benefit increase.My proposal would remove the cap completely.
Hmm no link? You get that from one of your alt news sources?

Where is the analysis showing raising the cap on taxes would postpone the solvency crisis until 2065? Even if that works as claimed all that does is pass the crisis along to future generations just like the current situation. Like all Ponzi schemes SS will be revived temporarily by the infusion of more cash only to lapse into crisis when it can't pay benefits from current income.

Social Security's problem is that it is based on a corrupt trust fund filled with unsecured IOU that can never be redeemed short of crippling the Federal government. You dance around this basic truth with tax the rich demagoguery as if that will fix the problem.

Once again is that the best you can manage?
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Old 04-21-2017, 10:33 AM
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Default Re: TRUMP & RYAN to dismantle SOCIAL SECURITY

[quote]QUOTE AZRWinger

Quote:
Hmm no link?
https://www.govtrack.us/congress/bills/114/s731/text

Quote:
Where is the analysis showing raising the cap on taxes would postpone the solvency crisis until 2065?
https://www.govtrack.us/congress/bills/114/s731/text

Quote:
Even if that works as claimed all that does is pass the crisis along to future generations just like the current situation. Like all Ponzi schemes SS will be revived temporarily by the infusion of more cash only to lapse into crisis when it can't pay benefits from current income.
Yer confused, as usual. You think that dismantling healthy and dignified retirement for working people and replacing it with something like “H.R.6489 - Social Security Reform Act of 2016“is a PONZI sceme!!

Quote:
Social Security's problem is that it is based on a corrupt trust fund filled with unsecured IOU that can never be redeemed short of crippling the Federal government.
According to Moodys our rating on Gov Debt is AAA...fer now BUTT that is subject to change next month if the wing-nuts in the house includes the wall in the debt bill.

Quote:
You dance around this basic truth with tax the rich demagoguery as if that will fix the problem.
you have yet to explain what you call the truth.

Quote:
Once again is that the best you can manage?
I like playing with you, I'm always amazed to see the what new pretzel shapes you can contort yerself into.
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