How Bad Will Peak Be?

[bacha29]

Exactly what has the GAO and CBO said is doable?
Define doable.

Social Security 2021. The proposed bill is a framework for setting Social Security to remain able to pay benefits going forward. It should be something you would find encouraging . Somebody is trying to get the system better prepared based on demographic forward looking projections currently available.
Look, I pay Federal Income Tax on my Social Security benefits every year, nearly all years it has been the max 85% . Do I enjoy it? No. But it's based on legislation passed back by Congress in 1983 and signed by guess who?

As the legislation begins taking shape and comes into clearer focus GAO and CBO will keep Congress appraised of it's fiscal and economic viability . But, as I said after next year GOP will kill it in committee despite what the GAO and CBO says. That's just the way they are. They are obstructionists just to be obstructionists .That's just the way they are.

 

[vantexan]

That 15% capital gains rate is an ongoing global effort by governments to get some well deserved tax money currently being stashed in tax haven countries. Register as corporations in those countries then operate someplace else. After all since by your own admission you haven't paid FIT in years somebody has to foot the bill for income support and healthcare services for your family members. So why shouldn't they pay. Fat Freddy turned your body into the wreck it currently is in . And every 3 months I have to stroke a check for both the US Treasury as well as my state's department of revenue. So why in the hell shouldn't they be made to pay up as well?.

That corporate tax is on all profits and that will be passed on to all consumers. And has nothing to do with Medicare or Social Security.

 

[bacha29]

That corporate tax is on all profits and that will be passed on to all consumers. And has nothing to do with Medicare or Social Security.

And you and your family currently are and will almost certainly consume plenty of that. Just why in the hell are you so worried and protective of corporations? Here you are groveling around trying to find a way to retire in the most favorable position possible while Fat Freddy deposits his 54 million dollar 1 year's worth paycheck leaving you to anguish over whether or not Social Security and Medicare will be there to keep you from begging in the streets. Don't you get it? Your not a person to Fedex. You are a "legacy cost" he's doing everything he can to rid himself of it and you.

 

[vantexan]

And you and your family currently are and will almost certainly consume plenty of that. Just why in the hell are you so worried and protective of corporations? Here you are groveling around trying to find a way to retire in the most favorable position possible while Fat Freddy deposits his 54 million dollar 1 year's worth paycheck leaving you to anguish over whether or not Social Security and Medicare will be there to keep you from begging in the streets. Don't you get it? Your not a person to Fedex. You are a "legacy cost" he's doing everything he can to rid himself of it and you.

Again you're being dishonest. Fred gets most of his money from his stock dividends, not his paycheck. And that corporate tax won't be used to shore up Social Security and Medicare. It's not about protecting corporations. It's about protecting the middle class who'll pay more for everything as the corporations pass the cost of those taxes onto them.

 

[bacha29]

Again you're being dishonest. Fred gets most of his money from his stock dividends, not his paycheck. And that corporate tax won't be used to shore up Social Security and Medicare. It's not about protecting corporations. It's about protecting the middle class who'll pay more for everything as the corporations pass the cost of those taxes onto them.

And just exactly what percentage of total operating costs are taxes. If you were to look closely I thing you would find that taxes are a low percentage of total cost of production.

 

[vantexan]

And just exactly what percentage of total operating costs are taxes. If you were to look closely I thing you would find that taxes are a low percentage of total cost of production.

You not getting it. If corporations pay that 15% they'll pass that cost to you in higher prices. We've already got serious inflation.

 

[Cactus]

Why should I prove anything to anybody?

 

[Cactus]

@falcon back your "buddy" Swanson comes to your rescue once again.

What a ing coincidence!

 

[Swanson]

@falcon back your "buddy" Swanson comes to your rescue once again.

What a ing coincidence!

nothing gets by you

 

[falcon back]

LOL!!!!
I proved EVERYBODY wrong when they questioned my stance on the TPB increase and you say I have no credibility. I was 100% correct and everyone else was 100% wrong.

 

[Cactus]

LOL!!!!
I proved EVERYBODY wrong when they questioned my stance on the TPB increase and you say I have no credibility. I was 100% correct and everyone else was 100% wrong.

Geez, that'll give something to talk about for the rest of your life. How nice!

You've BS'd us to death with your 3 day work weeks just doing FO's, winning scratch off lottery tickets, second accounts here, putting in over 40 years at FedEx, fake retirement....etc. You already torched the credibility bridge long before the subject of TPB increase was ever discussed.

 

[falcon back]

Geez, that'll give something to talk about for the rest of your life. How nice!

You've BS'd us to death with your 3 day work weeks just doing FO's, winning scratch off lottery tickets, second accounts here, putting in over 40 years at FedEx, fake retirement....etc. You already torched the credibility bridge long before the subject of TPB increase was ever discussed.

True
True
No 2nd account
True
True

Prove any of that wrong.

 

[Cactus]

True
True
No 2nd account
True
True

Prove any of that wrong.

I'll ask the questions, you provide the proof.

 

[vantexan]

LOL!!!!
I proved EVERYBODY wrong when they questioned my stance on the TPB increase and you say I have no credibility. I was 100% correct and everyone else was 100% wrong.

You didn't prove anything. Just because you say it's so doesn't make it so.

 

[falcon back]

You didn't prove anything. Just because you say it's so doesn't make it so.

Clutter verified it and I did just as you asked. I posted straight from the YRB. You just refuse to accept it. There is 1 thing I WILL accept. My 80% TRB in a few years.

 

[bacha29]

You not getting it. If corporations pay that 15% they'll pass that cost to you in higher prices. We've already got serious inflation.

Then what percentage do you think they should pay? or should we continue on with the Delaware Tax Dodge?

 

[bacha29]

Again you're being dishonest. Fred gets most of his money from his stock dividends, not his paycheck. And that corporate tax won't be used to shore up Social Security and Medicare. It's not about protecting corporations. It's about protecting the middle class who'll pay more for everything as the corporations pass the cost of those taxes onto them.

Paid to him in dividends and stock options exercised in order to capitalize on the cushy lower maximum rate on qualified dividends and long term stock gains.

 

[vantexan]

Paid to him in dividends and stock options exercised in order to capitalize on the cushy lower maximum rate on qualified dividends and long term stock gains.

Like they do with executives in most corporations.

 

[vantexan]

Then what percentage do you think they should pay? or should we continue on with the Delaware Tax Dodge?

Not up to me.

 

[vantexan]

Clutter verified it and I did just as you asked. I posted straight from the YRB. You just refuse to accept it. There is 1 thing I WILL accept. My 80% TRB in a few years.

Where did you post from the YRB that you would get a 10% annual increase by waiting?