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You're all for massive deregulation and lowering taxes on the high income people?
HA, HA, HA, HA, HA, HA, HA, HA, HA, HA, HA, HA, HA, HA, HA, HA, HA, HA,
Actually laughing boy, I am for eleminating the departments that create and implement regulations, and eliminating all taxes that are not directly linked to trade.
Trade after all is the only area in which the government has been given the power to regulate, and tax.
Income and property taxes are what make slaves and peasants of free men.
Of course the left does not seak to expand the freedom of a free market to the lower classes, instead it would aspire to make all men slaves and peasants.
A lot people here think the rich don't pay enough tax even they are paying majority of the income tax. A lot people want to tax the rich even more and I see numbers as high as 90% tax rate being threw around.
So what are the social responsibilities of those who don't pay taxes? What are their contributions to the society? Obviously I am not talking about those disabled people, children or retired people.
I think the system is set up to punish my demographic the worst. Single, no kids, renter. I don't qualify for anything except the standard deduction. Nearly 1/4 of my gross income goes to state and federal taxes. A rich person can afford a good CPA to exploit tax loopholes and reduce their tax liability. I can't.
Actually, the elderly are receiving more from Social Security than they paid in due to living longer than previous generations. Wealthy retirees who do not need Social Security also take it--how about some means testing?
As far as far as Democrats receiving more federal taxes, where are you obtaining your figures?
Everyone with W2 incomes pays into Social Security currently. Currently Social Security enjoys widespread virtually unamious support among all income levels which is good ! Right now SS is looked at as an "investment" by those who pay in knowing someday they will be eligeable to sign up and receive the benefit of their "investment". Implementing "means testing" would result in a lose of much of this widespread support since it would basically turn SS from an "investment" into nothing more than another welfare program.
You can tinker with the retirement age and even the amount of income a person has before some of their SS income in taxed.....but means testing to determine if you even get any benefit is a very bad idea for a hugely successful program that seems to actually work for the most part.
Everyone with W2 incomes pays into Social Security currently. Currently Social Security enjoys widespread virtually unamious support among all income levels which is good ! Right now SS is looked at as an "investment" by those who pay in knowing someday they will be eligeable to sign up and receive the benefit of their "investment".
Then they're idiots because the reality is that all but low-income earners LOSE money in the SS system. To recap: Those earning average incomes will NOT get back in SS benefits what they've paid in SS tax, even if they outlive current lifespan expectations for their year of birth.
Quote:
As recently as 1985, workers at every income level could retire and expect to get more in benefits than they paid in Social Security taxes, though they didn't do quite as well as their parents and grandparents.
Not anymore.
A married couple retiring last year after both spouses earned average lifetime wages paid about $598,000 in Social Security taxes during their careers. They can expect to collect about $556,000 in benefits, if the man lives to 82 and the woman lives to 85, according to a 2011 study by the Urban Institute, a Washington think tank.
Social Security benefits are progressive, so most low-income workers retiring today still will get slightly more in benefits than they paid in taxes. Most high-income workers started getting less in benefits than they paid in taxes in the 1990s, according to data from the Social Security Administration.
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