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Old 08-10-2020, 12:22 PM
 
Location: Raleigh NC
25,116 posts, read 16,219,510 times
Reputation: 14408

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Quote:
Originally Posted by txbullsfan View Post
Exibit A folks of your typical Trump voter, the mindset of what a sizable portion of people in the US think and why an uncompassionate, narcissistic, pathological liar, multiple bankruptcy, maritally unfaithful, reality TV star is in office. "I do not care about anyone else", "too bad the majority benefit from these programs", "I got mine" so, "get off my lawn!"
Threerun has already said he hates Trump.
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Old 08-10-2020, 12:27 PM
 
Location: Lost in Montana *recalculating*...
19,771 posts, read 22,673,762 times
Reputation: 24920
Quote:
Originally Posted by BoBromhal View Post
Threerun has already said he hates Trump.
I think we are all a little guilty in these times of assigning labels based on assumptions. I usually giggle when I get called a leftist or a liberal when I eviscerate Trump.
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Old 08-10-2020, 12:41 PM
 
Location: Raleigh NC
25,116 posts, read 16,219,510 times
Reputation: 14408
Quote:
Originally Posted by Hesychios View Post
Only as long as the fund is solvent.
ok, what difference in solvency would there be with 6 months of no payroll taxes?
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Old 08-10-2020, 12:42 PM
 
Location: Raleigh NC
25,116 posts, read 16,219,510 times
Reputation: 14408
Quote:
Originally Posted by Threerun View Post
https://www.investopedia.com/article...-taxpayers.asp

That's not including other incidences of fraud, such as VA benefit fraud. And I'm not sure if that encompasses medicaid/medicare fraud.
that doesn't include Medicaid/Medicare fraud.
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Old 08-10-2020, 12:43 PM
 
Location: Raleigh NC
25,116 posts, read 16,219,510 times
Reputation: 14408
Quote:
Originally Posted by Threerun View Post
I think we are all a little guilty in these times of assigning labels based on assumptions. I usually giggle when I get called a leftist or a liberal when I eviscerate Trump.
you don't use the Liberal Playbook.
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Old 08-10-2020, 12:46 PM
 
1,514 posts, read 891,096 times
Reputation: 1961
Quote:
Originally Posted by Threerun View Post
https://www.investopedia.com/article...-taxpayers.asp

That's not including other incidences of fraud, such as VA benefit fraud. And I'm not sure if that encompasses medicaid/medicare fraud.
Please take a look at what costs billions each year in fraud to Social Security. The answer is in the third paragraph in the link you provided. Is what is costing Billions in fraud the types of people who "paid a doctor off in Maryland who lives in in a trailer on food stamps, SSDI and Catholic charities" or is it something else? Something maybe like... stolen identities?

Directly from the SSA.gov themselves:
https://www.ssa.gov/disabilityfacts/facts.html

What fraction of what percent of people abuse SS (such as your brother who lives in a trailer park who lives off of food stamps, SSDI and Catholic charities)?

Again, even if the rate were as high as 20% for any program, that would mean 80% or the overwhelming majority are not abusing the system. Throw the baby out with the bathwater or work on reducing the fraud waste and abuse?
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Old 08-10-2020, 12:57 PM
 
Location: Long Island
32,816 posts, read 19,488,320 times
Reputation: 9618
Quote:
Originally Posted by Hollytree View Post
If you haven't heard it already, Trump just signed an executive order to suspend the payroll tax.

THIS FUNDS YOUR SOCIAL SECURITY AND MEDICARE.

Trump said the employer portion of the payroll tax would be deferred from Aug. 1 through the end of the year, though the move would not directly aid unemployed workers, who do not pay the tax when they are jobless, and faces bipartisan opposition on Capitol Hill.

“If I win, I may extend and terminate,†Trump said, repeating a longtime goal but remaining silent on how he’d fund the Medicare and Social Security benefits that the 7% tax on employee income covers. Employers also pay 7.65% of their payrolls into the funds.

If you value your life and wellbeing- dump him in NOV.!!
1. Obama suspended (not deferred) it also....did you spin it that Obama was attacking SS then???




2. Trump's EO deferred it...not suspend or end it


3. SS hasn't brought in enough to balance out the payouts since 2007


4. SS needs to be reformed as it stands currently




why do the fascist liberals continue to LIE, and say the republicans want to end SS/medicare….when its the liberals who want it to die continuing the status quo
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Old 08-10-2020, 01:01 PM
 
Location: Embarrassing, WA
3,405 posts, read 2,735,161 times
Reputation: 4417
Quote:
Originally Posted by Threerun View Post
#1. Investing- This is a personal choice. Sorry your Dad lost millions, however that is a risk he took. My investments are in sound funds with proven managers and have performed especially well. My wife and I lived just above the poverty line for several years and still managed to max out our 401k's and put money into our private funds.

#2. Social Safety Nets- They are RIFE with fraud, waste and abuse. Maybe my disdain is borne from the fact my father abused the ever living snail snot out of VA after my parents divorced. He served in Japan during the Korean War in refrigeration. He smoked 3-4 packs of Viceroys a day and drank heavily. He couldn't hold a job in HVAC because of his alcoholism. He (and proudly I might add) paid off a crooked doctor in NC to claim his emphysema was really a lung ailment caused by phosgene gas exposure. He quit working, collected his SSDI, expanded vet bennies and got all his medicals done at the VA. He lived out his life in a little trailer on 5 acres compliments of you and me.

To further illustrate fraud (and close to home AGAIN). My sister died of a brain aneurysm in her mid-40's. She was a school teacher but not yet tenured, and she didn't have life insurance My brother in law, prior to her death had quit his steady job at the VA as a radiation tech and went to work for private healthcare- a job in which he was fired from because he was frankly LAZY. When Kat died he collected S.S. bennies on all his kids, his brother in law moved in (who was also capable of work but managed to get SSDI) so they had that income. My brother in law never got another job. He lived in a nice house mortgaged to the hilt- he paid all his bills on taxpayers dimes. When the kids aged off SS, his home was foreclosed and he went and applied for SSDI because his eyesight was 'too disabling to work'. He filed for bankruptcy. (He wore thick glasses ) Yup- paid a doctor off in Maryland to get that one thru. He lives in a trailer on food stamps, SSDI and Catholic charities. Whatever extra money he had he gambled it away. Prior to the trailer he asked if he could move in with me in Montana. I told him hell no. He's not leaching off of me.

Really? You think the government is capable of providing REAL NEEDS BASED assistance? The money in that fund pays a lot of people to do NOTHING. I've witnessed it in my own damned family. I witnessed it as a banker back in WV. Hell 1/4 of that state is on SSDI or WIC or VA assistance. You have any idea how much fraud we pay for? The VA system should be there for vets who served and need medical services in the event of duty injuries. There are piles of cases where the system is abused.

No- I don't agree with the level of government assistance in this country, and I don't agree that government should wet nurse otherwise capable people. The thing that really made this country what it is is self determination, not socialism. I self determined to provide for me and my wife needs in retirement.
If you're supporting Biden and not wanting socialism then you're supporting the wrong candidate. Did you miss his running points where he wants to give all the illegals healthcare, pass a healthcare-for-all program that's said to cost what, $13 TRILLION a year?!! Democrats are going to deal out gov't goodies like candy, but it's not going to be to the working man like the years past, it's going to be for the illegals and lazy and YOU and I are going to get a huge tax bill for it all. He's also running on reversing all the Trump tax cuts, so the middle class taxes are going to go back up, inheritance taxes are going to go up, companies are going to reverse direction and re-export all the manufacturing jobs we've gained in the last 4 years and the tax income that came with them. Couple all that with this financial fallout from Covid-19, and we'll be lucky if we don't see a complete failure of our economy and world de-basement of the US dollar = Hello USA as a third world country.
And to close, you know what happens then? All those "promised" freebies all the sudden don't have funding so they simply don't happen. You know what else isn't going to happen? All those elitist liberal billionaires aren't going to truly embrace socialism and give up their status by rolling their $$$$ into the system to support all the handouts.....oh no. You'll just have succeeded in handing them the throne while sinking the rest of the 99% into life in an cardboard box home eating food bank scraps like Tijuana.
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Old 08-10-2020, 01:06 PM
 
Location: Long Island
32,816 posts, read 19,488,320 times
Reputation: 9618
Quote:
Originally Posted by thrillobyte View Post
Here's the thing; Trump's proposal--for the moment, that is --is to eliminate the tax for those making $100K or lower. But the ceiling is $134,000 or thereabout. Above that nobody pays a cent toward SS/M. So how many people make between $100K and $134,000? Not enough to fund SS/M that's for sure. But remove the ceiling or at least raise it substantially maybe to $500K and put it on a sliding scale and we would have enough money to fund SS/M for the next 100 years. But that's too commonsense an approach so naturally it won't go anywhere.

.
you are incorrect towards the bolded


people who make millions still pay their 7%..just UP TO 134k and the 1.?% for their ENTIRE earned income for medicare


this proposal eliminates it for people making UNDER 100k


those that make 100k AND MORE will still pay


so a guy making 99k will have his normal payroll tax DEFERRED,,and pay nothing


a person making 130k will still have 7% taken out..paying over 9k


a person making 500k will still have 7% take out of the first 134k, then also have 1.?% taken out of the rest (9300+4026) for a total of 13.3k taken in payroll taxes




removing the ceiling will do nothing but kill SS, as the payout is based on your contributions and removing the ceiling will also remove the ceiling for payouts as the two are intertwined
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Old 08-10-2020, 01:12 PM
 
Location: The High Desert
16,087 posts, read 10,753,057 times
Reputation: 31494
Trump just took a dump on the third rail of Americn politics. Whoever advised him to do this is an idiot. This is the same as peeing on an electric fence. Apparently he does not want to be reelected.
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