We aren’t talking about massive tax breaks. That’s what’s insane.
Currently SS is capped at ~$180k dollars @ ~5%. That means if you earn $180k, you pay 9k in SS tax. If you earn $2 billion you pay 9k in taxes.
These greedy leeches are destroying one of the only semi-decent systems all next to no money from them personally.
The actual tax increase from trump’s expiring tax cuts is also something like 4%. Meaning these billionaires are doing all this work to save an extra $0.04 on every dollar of income.
They keep talking about the dangers and problems with debt, yet the blindingly obvious solution is a moderate increase in taxes. But instead of even broaching that subject, they are trying to also give themselves a tax cut while destroying social programs.
Social security isn’t a tax. It’s an insurance program and structured as such. We have to decide if there should be more national insurance programs. I’d be down.
I just started talking. Sorry you’re probably right.
I don’t understand everything that you said, but as a devils advocate. Social Security is not supposed to be tax. It’s supposed to be an insurance program.
Everyone should have to pay their fair share. Hell, I bet if they just did a flat 15-18℅ tax on everyone, middle class to the uber rich then we would have all the money for the programs like SS and medicare for all.
It is not just saving money on taxes, but having desperate old people as cheap labor and pre-retirement people as customers for annuities. Particularly as desperate, cheap labor, since that helps push wages down for any sector that they could work in.
We aren’t talking about massive tax breaks. That’s what’s insane.
Currently SS is capped at ~$180k dollars @ ~5%. That means if you earn $180k, you pay 9k in SS tax. If you earn $2 billion you pay 9k in taxes.
These greedy leeches are destroying one of the only semi-decent systems all next to no money from them personally.
The actual tax increase from trump’s expiring tax cuts is also something like 4%. Meaning these billionaires are doing all this work to save an extra $0.04 on every dollar of income.
They keep talking about the dangers and problems with debt, yet the blindingly obvious solution is a moderate increase in taxes. But instead of even broaching that subject, they are trying to also give themselves a tax cut while destroying social programs.
It’s robbery, plain and simple.
Social security isn’t a tax. It’s an insurance program and structured as such. We have to decide if there should be more national insurance programs. I’d be down.
I just started talking. Sorry you’re probably right.
$0.04 for every dollar of income doesn’t sound like much until you’re talking about a billion dollars, in which case it’s $40 million.
That’s a whole extra yacht!
I know, they might have to give up the guest private jet.
I don’t understand everything that you said, but as a devils advocate. Social Security is not supposed to be tax. It’s supposed to be an insurance program.
Luigi is the only solution
Everyone should have to pay their fair share. Hell, I bet if they just did a flat 15-18℅ tax on everyone, middle class to the uber rich then we would have all the money for the programs like SS and medicare for all.
It is not just saving money on taxes, but having desperate old people as cheap labor and pre-retirement people as customers for annuities. Particularly as desperate, cheap labor, since that helps push wages down for any sector that they could work in.