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I make an income every year that "maxes out" my social security tax. I pay this willingly every year because its the law and I fully intend to collect all my social security benefits when I retire sometime between age 65 and age 70.
I've done my share and than some. I done whine about it. I don't b*tch about it, like some here. I understand that without social security millions of elderly people who failed to plan for their retirement would be living on the streets in utter destitution.
Its the people here who can't figure that out or worse, those who don't care who have something to be ashamed of. Do you know anyone like that??
??? When people work a lifetime for low wages, and have inadequate savings in old age, did they fail to plan for retirement? How much should they have saved in order to qualify as having adequately planned for retirement?
I make an income every year that "maxes out" my social security tax. I pay this willingly every year because its the law and I fully intend to collect all my social security benefits when I retire sometime between age 65 and age 70.
I've done my share and than some. I done whine about it. I don't b*tch about it, like some here. I understand that without social security millions of elderly people who failed to plan for their retirement would be living on the streets in utter destitution.
Its the people here who can't figure that out or worse, those who don't care who have something to be ashamed of. Do you know anyone like that??
Good for you, go ahead and pay for someone else's retirement. Obviously no one has a problem with what you do with your own money.
However... what gives YOU the right to take MY money or force me to participate in SS. Basically nothing and this is the whole reason people should be able to opt out of SS!
Second point is SS makes retirement for millions worse not better. SS lowers the retirement income for millions because if you bothered to do the math you will see that saving 12.4% of income will generate more retirement income than SS.
Again the return on SS is so poor because the system gives disproportionately to the poor and people who choose not to work or work part time. If someone doesn't work or save for their own retirement then they shouldn't have the taxpayers bail their lazy butt out they should work more or save more. Have people take some personal responsibility.
If you want to pay for the freeloaders go right ahead just don't make me use my money to do it.
Good for you, go ahead and pay for someone else's retirement. Obviously no one has a problem with what you do with your own money.
However... what gives YOU the right to take MY money or force me to participate in SS. Basically nothing and this is the whole reason people should be able to opt out of SS!
Second point is SS makes retirement for millions worse not better. SS lowers the retirement income for millions because if you bothered to do the math you will see that saving 12.4% of income will generate more retirement income than SS.
Again the return on SS is so poor because the system gives disproportionately to the poor and people who choose not to work or work part time. If someone doesn't work or save for their own retirement then they shouldn't have the taxpayers bail their lazy butt out they should work more or save more. Have people take some personal responsibility.
If you want to pay for the freeloaders go right ahead just don't make me use my money to do it.
I think the return on SS is so poor because SS taxes are raised too pay not only current benefits, but to pay general fund expenditures. Instead of the higher return on money invested privately, the return on SS recipients get is effectively the (lower) long-term Treasury rate.
Good for you, go ahead and pay for someone else's retirement. Obviously no one has a problem with what you do with your own money.
However... what gives YOU the right to take MY money or force me to participate in SS. Basically nothing and this is the whole reason people should be able to opt out of SS!
Second point is SS makes retirement for millions worse not better. SS lowers the retirement income for millions because if you bothered to do the math you will see that saving 12.4% of income will generate more retirement income than SS.
Again the return on SS is so poor because the system gives disproportionately to the poor and people who choose not to work or work part time. If someone doesn't work or save for their own retirement then they shouldn't have the taxpayers bail their lazy butt out they should work more or save more. Have people take some personal responsibility.
If you want to pay for the freeloaders go right ahead just don't make me use my money to do it.
This sounds like it could be a pretty good field to get into if you can make money while writing off enough expenses to zero out your taxes. I think a home well is a great thing to have, so hopefully you have a lot of business.
There are some mostly obscure qualifications for opting out of SS. For example, there are some very narrow religious exemptions, e.g. I think the Amish are exempt.
Change the law and allow people to opt out. This is what George Bush tried to do. They called it privatizing SS but they just allow you to keep your own tax dollars.
Social Security is going to change because by ~2033 the payroll taxes will only cover about 70% of benefits.
So we will need a 30% reduction in benefits or a 30% increase in payroll taxes. The democrats will want to fix this on the backs of the middle class to bail out the poor.
Screw them
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