Path: ...!weretis.net!feeder8.news.weretis.net!eternal-september.org!feeder3.eternal-september.org!news.eternal-september.org!.POSTED!not-for-mail From: suzeeq Newsgroups: rec.arts.tv Subject: Re: Whoopi Snaps At Trump, Says If He Touches Entitlements, "We Could Put You In Jail" Date: Sat, 16 Mar 2024 21:45:10 -0700 Organization: A noiseless patient Spider Lines: 50 Message-ID: References: <83966377.732325779.888237.anim8rfsk-cox.net@news.easynews.com> <744392194.732343318.253426.anim8rfsk-cox.net@news.easynews.com> MIME-Version: 1.0 Content-Type: text/plain; charset=utf-8; format=flowed Content-Transfer-Encoding: 8bit Injection-Date: Sun, 17 Mar 2024 04:45:11 -0000 (UTC) Injection-Info: dont-email.me; posting-host="630291b4a994195f95714cb96c916919"; logging-data="3529527"; mail-complaints-to="abuse@eternal-september.org"; posting-account="U2FsdGVkX18787NQ2rdsqOUtg91w/XCK" User-Agent: Mozilla/5.0 (Windows NT 10.0; Win64; x64; rv:78.0) Gecko/20100101 Thunderbird/78.14.0 Cancel-Lock: sha1:gdRHkYNrCLiPJxcyqBkZbZ64W+8= Content-Language: en-US In-Reply-To: <744392194.732343318.253426.anim8rfsk-cox.net@news.easynews.com> Bytes: 4011 On 3/16/2024 9:42 PM, anim8rfsk wrote: > suzeeq wrote: >> On 3/16/2024 4:56 PM, anim8rfsk wrote: >>> shawn wrote: >>>> On Sat, 16 Mar 2024 12:59:41 -0700, The Horny Goat >>>> wrote: >>>> >>>>> On Fri, 15 Mar 2024 04:30:52 -0400, Ubiquitous >>>>> wrote: >>>>> >>>>>> There are a few simple facts of the matter with regard to Social Security. >>>>>> One, we don’t have the money for it: it’s a Ponzi scheme. We don’t have >>>>>> enough young people to pay for it, and life expectancy has increased. This >>>>>> means that by 2033, we will in fact be forced to cut benefits or raise taxes. >>>>>> There is no third option. >>>>> >>>> Except there is a third choice that has been proposed for a long time >>>> which is to raise or eliminate the limit on what income can be taxed >>>> for Social Security. So currently the base limit is $168,600 so any >>>> money earned over that amount doesn't get taxed for Social Security. >>>> Eliminate that limit and there's more than enough money to pay out the >>>> benefits going forward without hurting anyone. >>>> >>>>> That's hardly surprising - when the first old age pension system was >>>>> established (by Bismarck in Germany) the average German male lived 68 >>>>> years so Bismarck set retirement to last only a very short time. These >>>>> days average lifespans are at least 10-15 years longer than that so >>>>> such universal systems have become much more expensive. >>>>> >>>>> THAT's where age 65 as 'retirement age' came from. >I< retired at 66 >>>>> but that was more about exiting the family business in a way that >>>>> assured continuity after a store relocation than any fixed date. >>>>> >>>>> (For reasons I'm still unsure of my exit took 8 months rather than the >>>>> 3 weeks expected - and two months after my wife's passing which caught >>>>> me by surprise as I never expected to be the surviving spouse) >>>> >>> >>> The instructions that come with my Social Security say to take the amount >>> they give you (it doesn’t say if that should be gross or net, so I have no >>> idea how the 10% of it that goes to Medicare counts) and multiply times 1.5 >>> (I have no fucking idea why)and then add your other income to it and if >>> you’re under $25,000, you probably don’t need to pay taxes. >>> >> My benefits are over $30K and I pay no taxes. >> > > Cool. Mine are way way way way way less than that. > That's per year, not monthly, you know.