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From: suzeeq <suzee@imbris.com>
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
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On 3/16/2024 9:42 PM, anim8rfsk wrote:
> suzeeq <suzee@imbris.com> wrote:
>> On 3/16/2024 4:56 PM, anim8rfsk wrote:
>>> shawn <nanoflower@notforg.m.a.i.l.com> wrote:
>>>> On Sat, 16 Mar 2024 12:59:41 -0700, The Horny Goat <lcraver@home.ca>
>>>> wrote:
>>>>
>>>>> On Fri, 15 Mar 2024 04:30:52 -0400, Ubiquitous <weberm@polaris.net>
>>>>> 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.