New Social Security bill

[IVE GOTTA PACKAGE 4U]

He's not talking about everyone getting higher benefits. He's asking if a guy making half a million a year gets SS taxed on the entire half million does he get a much higher SS benefit when he retires?

By the way if you remove the cap and tax all income, then turn around and give everyone a much higher benefit then you're not any better off than before. Still will go insolvent. And depending on how much you increase benefits you may end up crashing the system sooner.

The cap right now is around $168,000 for social security
There's no cap limit on the Medicare tax
But unfortunately the more you make the smaller percentage you get

 

[PT Car Washer]

Not meant to live on. It's a supplement.

You jack the tax too high and taxpayers will react, shifting income to avoid paying.

How many wage earners make over $168k?

 

[Thebrownblob]

How many wage earners make over $168k?

We definitely have some at UPS

 

[PT Car Washer]

The cap right now is around $168,000 for social security
There's no cap limit on the Medicare tax
But unfortunately the more you make the smaller percentage you get

True you get a smaller percentage but how many wage earners making over $168k will be solely supported by SS?

 

[vantexan]

The cap right now is around $168,000 for social security
There's no cap limit on the Medicare tax
But unfortunately the more you make the smaller percentage you get

But isn't Medicare pretty much the same for everyone?

 

[IVE GOTTA PACKAGE 4U]

True you get a smaller percentage but how many wage earners making over $168k will be solely supported by SS?

They should change the name of it to welfare
By giving away the high earners wages to somebody maybe wasn't as hard of a worker or a go-getter like that person making all that money was

 

[Wally]

How many wage earners make over $168k?

Plenty. Close to 30 percent.

 

[rickyb]

Not meant to live on. It's a supplement.

You jack the tax too high and taxpayers will react, shifting income to avoid paying.

America had almost 100% income tax during great depression and it was over 90% the income tax

 

[rickyb]

He's not talking about everyone getting higher benefits. He's asking if a guy making half a million a year gets SS taxed on the entire half million does he get a much higher SS benefit when he retires?

By the way if you remove the cap and tax all income, then turn around and give everyone a much higher benefit then you're not any better off than before. Still will go insolvent. And depending on how much you increase benefits you may end up crashing the system sooner.

Even i said its only good till 2075 with that 1 solurion

He d8d mention higher benefits

 

[IVE GOTTA PACKAGE 4U]

But isn't Medicare pretty much the same for everyone?

No after you go over certain income bracket you have to pay more towards it

 

[rickyb]

Plenty.

Few less than 10% my guess

 

[vantexan]

Even i said its only good till 2075 with that 1 solurion

He d8d mention higher benefits

You mentioned higher benefits. ttku with yourself.

 

[vantexan]

No after you go over certain income bracket you have to pay more towards it

I'm saying no matter how much you pay into Medicare your benefit is pretty much the same, right? Doesn't work like SS where you pay more and get a bigger monthly payout. And if they eliminate the cap on SS will those making say half a million a year get a much higher SS benefit or do they still limit the highest you can get? And will businesses still have to match dollar for dollar?

 

[IVE GOTTA PACKAGE 4U]

I'm saying no matter how much you pay into Medicare your benefit is pretty much the same, right? Doesn't work like SS where you pay more and get a bigger monthly payout. And if they eliminate the cap on SS will those making say half a million a year get a much higher SS benefit or do they still limit the highest you can get? And will businesses still have to match dollar for dollar?

Yes the company still has to match
Or if you're self-employed do you have to pay double

Yes you get the same healthcare no matter what your income is but over certain limits they charge you more for your Part B part C party and so on

 

[Wally]

Yes the company still has to match
Or if you're self-employed do you have to pay double

Yes you get the same healthcare no matter what your income is but over certain limits they charge you more for your Part B part C party and so on

Problem with Medicare is geezers using the hospital as hotels.

 

[IVE GOTTA PACKAGE 4U]

Problem with Medicare is geezers using the hospital as hotels.

Free food free room...

 

[Fred's Myth]

How many wage earners make over $168k?

6% of covered workers, according to the SSA.

Tax the rich!!!

 

[Wally]

6% of covered workers, according to the SSA.

Tax the rich!!!

What’s rich? $170k a year certainly isnt.

 

[Babagounj]

Max that SS pays this year is $4,873 / month.
That's less than my pension.

 

[Wally]

Max that SS pays this year is $4,873 / month.
That's less than my pension.

Your pension isn’t paying people that never put in a dime. SS is paying plenty that just take,never gave. That person getting the $4873 paid for them.