For those on or approaching SS

[98valk]

For those on Social Security and those of us approaching it and retirement: FYI

Prior to 1983, social security was not taxable. In 1983, Joe Biden voted in favor of taxing 50% of social security - and it passed. In 1993, Joe Biden doubled down and was the deciding vote in raising the percentage taxed on social security from 50% to 85%. Joe Biden is not a friend to working folks - and certainly not to retirees. His voting record on social security over the years is one slap in the face to retirees after another. Now he wants to tax our 401k's and IRA's (it's on page 78 of the Dems' platform) and he also wants to introduce a 3% annual tax on our homes. The record of Joe Biden shows he never misses an opportunity to raise a tax or introduce a tax to hurt the middle class and retirees.


UN 21 and 2030 agendas are democrat party agendas

For those on Social Security and those of us approaching it and retirement: FYI

Prior to 1983, social security was not taxable. In 1983, Joe Biden voted in favor of taxing 50% of social security - and it passed. In 1993, Joe Biden doubled down and was the deciding vote in raising the percentage taxed on social security from 50% to 85%. Joe Biden is not a friend to working folks - and certainly not to retirees. His voting record on social security over the years is one slap in the face to retirees after another. Now he wants to tax our 401k's and IRA's (it's on page 78 of the Dems' platform) and he also wants to introduce a 3% annual tax on our homes. The record of Joe Biden shows he never misses an opportunity to raise a tax or introduce a tax to hurt the middle class and retirees.

Goal 11) Make cities and human settlements inclusive, safe, resilient and sustainable

Translation: Ban all gun ownership by private citizens, concentrating guns into the hands of obedient government enforcers who rule over an unarmed, enslaved class of impoverished workers. Criminalize living in most rural areas by instituting Hunger Games-style "protected areas" which the government will claim are owned by "the People" even though no people are allowed to live there. Force all humans into densely packed, tightly controlled cities where they are under 24/7 surveillance and subject to easy manipulation by government.

Goal 12) Ensure sustainable consumption and production patterns

Translation: Begin levying punitive taxes on the consumption of fossil fuels and electricity, forcing people to live under conditions of worsening standards of living that increasingly resemble Third World conditions. Use social influence campaigns in TV, movies and social media to shame people who use gasoline, water or electricity, establishing a social construct of ninnies and tattlers who rat out their neighbors in exchange for food credit rewards.

https://www.naturalnews.com/051058_2030_Agenda_United_Nations_global_enslavement.html

https://thehill.com/opinion/white-house/511470-why-americans-must-defeat-bidens-tax-increase-pledge

[cookiedough]

Social Security will not be around at all or greatly reduced anyways for all in their early 50s and younger so not like SS will matter or do any good to any of us not close to retirement age.  Gotta love paying into it all these years to NOT get much in return upon retirement.  Seems like insurance to me have it on cars and home and somewhat health but never or rarely use it but keep paying into it every month. 

[MarkT]

Social Security will not be around at all or greatly reduced anyways for all in their early 50s and younger so not like SS will matter or do any good to any of us not close to retirement age.  Gotta love paying into it all these years to NOT get much in return upon retirement.  Seems like insurance to me have it on cars and home and somewhat health but never or rarely use it but keep paying into it every month.  

Having paid off all my debt, and made the house energy efficient - my single biggest cost is for home & vehicle insurance.  More than utilities, taxes, fuel, vehicle and house maintenance, clothes and a close competitor to food which I haven't summed.  This is not including medical insurance which is higher still and covered by the wife via her employer.  (When she retires my options will be medicare and the VA.)  I don't insure 3 of our 6 motorcycles though 2 of the 3 run (last one is a parts bike) - they are stored and will need fuel and battery work to put back on the road.  Might just sell them.  After the work of course.  I feel bad for those not already collecting SS as they will not see much of it.  Especially if the dems win in Nov.

[DirtyDan]

FWIW

SS treats me very well

Got to give credit where it’s due

Dan

[baldo]

Social Security will not be around at all or greatly reduced anyways for all in their early 50s and younger so not like SS will matter or do any good to any of us not close to retirement age.  Gotta love paying into it all these years to NOT get much in return upon retirement.  Seems like insurance to me have it on cars and home and somewhat health but never or rarely use it but keep paying into it every month.  

Having paid off all my debt, and made the house energy efficient - my single biggest cost is for home & vehicle insurance.  More than utilities, taxes, fuel, vehicle and house maintenance, clothes and a close competitor to food which I haven't summed.  This is not including medical insurance which is higher still and covered by the wife via her employer.  (When she retires my options will be medicare and the VA.)  I don't insure 3 of our 6 motorcycles though 2 of the 3 run (last one is a parts bike) - they are stored and will need fuel and battery work to put back on the road.  Might just sell them.  After the work of course.  I feel bad for those not already collecting SS as they will not see much of it.  Especially if the dems win in Nov.

Mark, how can you say that about the Dems? They're not the ones trying to defund SS with the payroll tax scam. He's come right out and said that, if re-elected, he'll make it permanent.

[old2soon]

     As others have stated and a Lot of us KNOW b&h win in nov the United States of America we used to know IS GONE! Not all at once but much like eating a Huge meal-one bite at a time. And I've queried this before-WHAT am I leaving my Children my Grandchildren my Great Grandchildren? Lots of us already KNOW the terrible answer to THAT particular question.
     And while I am gettin by on S S should it be cut or taxed I can bend over tuck my head twixt ma legs and kiss my azz goodbye. Along with what little bit I own. RIDE SAFE.

[Reb]

don't expect to have it when I retire,

Won't really need it anyway,

[baldo]

don't expect to have it when I retire,

Won't really need it anyway,

Congratulations to you on your success.

It doesn't bother you at all that that represents real dollars that have been taken from EVERY one of your paychecks for what, 40 years? More or less.

Me, I'm pretty enraged that that could be the result if he is re-elected. All that money, all those thousands of dollars taken from me with a promise that it'll be there when I retire and really need it the most.

And while you may have done well in your life and are financially secure, there are many, many millions of people that aren't.

[DirtyDan]

Um yeah the haves and the have NOTS

Dan

[98valk]

Social Security will not be around at all or greatly reduced anyways for all in their early 50s and younger so not like SS will matter or do any good to any of us not close to retirement age.  Gotta love paying into it all these years to NOT get much in return upon retirement.  Seems like insurance to me have it on cars and home and somewhat health but never or rarely use it but keep paying into it every month.  

Having paid off all my debt, and made the house energy efficient - my single biggest cost is for home & vehicle insurance.  More than utilities, taxes, fuel, vehicle and house maintenance, clothes and a close competitor to food which I haven't summed.  This is not including medical insurance which is higher still and covered by the wife via her employer.  (When she retires my options will be medicare and the VA.)  I don't insure 3 of our 6 motorcycles though 2 of the 3 run (last one is a parts bike) - they are stored and will need fuel and battery work to put back on the road.  Might just sell them.  After the work of course.  I feel bad for those not already collecting SS as they will not see much of it.  Especially if the dems win in Nov.

Mark, how can you say that about the Dems? They're not the ones trying to defund SS with the payroll tax scam. He's come right out and said that, if re-elected, he'll make it permanent.

well u are like many persons on your side of the fence that only reads and hears the shock headline and never reads and studies enough. why is that? I know u don't do that when it comes to working on aircraft.

https://www.usatoday.com/story/news/factcheck/2020/08/15/fact-check-donald-trump-hasnt-said-he-terminate-social-security/3343439001/

On Sunday, as he boarded Marine One, Trump told reporters that the executive order deferring payroll taxes for some Americans will "have zero impact on Social Security."

"We protect Social Security," he added, according to Fox News.

An official from the White House told USA TODAY on Tuesday that the Social Security Trust Fund is not at risk, since payment deferral is only temporary, and at present, must be paid back early in 2021. The official confirmed, though, that the president called on Congress to make the deferral permanent, thereby eliminating the tax.

Garrett Watson, a senior policy analyst at the Tax Foundation, an independent tax policy think tank, told USA TODAY that eliminating the tax is not the same as eliminating Social Security.

The deferrals, which may start Sept. 1 and extend through 2020, are intended to allow Americans to use the totality of their income amid the pandemic's hardships.

The order also instructed Treasury Secretary Steven Mnuchin to "explore avenues, including legislation, to eliminate the obligation to pay the taxes deferred" — a goal Trump reiterated in remarks after he signed the order.
President Donald Trump signs executive orders extending coronavirus economic relief, during a news conference in Bedminster, New Jersey, on Aug. 8, 2020.

“If I’m victorious on November 3rd, I plan to forgive these taxes and make permanent cuts to the payroll tax," Trump said, per the Washington Post. “I’m going to make them all permanent.”

"In other words, I'll extend it beyond the end of the year, and terminate the tax," he added. He reiterated his plan at a press conference on Monday.

"We will be ending that tax. We will be terminating that tax," Trump said, per a transcript from CNN. "The payroll tax is a big deal for people. It's a tremendous saving for people. And we're going to be doing it, and we intend to terminate it at the end of the appropriate period of time."

"We will be ending that tax. We will be terminating that tax," Trump said, per a transcript from CNN. "The payroll tax is a big deal for people. It's a tremendous saving for people. And we're going to be doing it, and we intend to terminate it at the end of the appropriate period of time."

[cookiedough]

don't expect to have it when I retire,

Won't really need it anyway,

Never say never REB,  you never know when John Deere might go down the tubes and tank.  I worked from 1990-1996 right out of college dream job at GM and 6 years later that came to an end.  Thought I would be a lifer, but closing stuff down even in 1996 sucked for 90% of our office staff.  Have not bought a GM product since 2007 when in 2008 GM tanked all over and closed down the somewhat local plant affecting 100's of thousands of people's lives.  I even sold my 2007 truck 6 months later in late 2007 had enough of GM.

[98valk]

as a federal retiree they changed our retirement system in '87. so now part of my pension is SS. so now after working and living for a pension they democrats want to change it and take it away.  changing my retirement pension after I have retired. that is just not right.

[baldo]

as a federal retiree they changed our retirement system in '87. so now part of my pension is SS. so now after working and living for a pension they democrats want to change it and take it away.  changing my retirement pension after I have retired. that is just not right.

How are they going to change it? Did I miss something?

[98valk]

as a federal retiree they changed our retirement system in '87. so now part of my pension is SS. so now after working and living for a pension they democrats want to change it and take it away.  changing my retirement pension after I have retired. that is just not right.

How are they going to change it? Did I miss something?

https://www.thinkadvisor.com/2020/06/02/a-top-social-security-expert-blasts-bidens-reform-plan/

[Patrick]

biden has proven one thing in his 47 yrs. And that is that he can't be trusted.

[98valk]

biden has proven one thing in his 47 yrs. And that is that he can't be trusted.

he is a successful used car salesman like his father was and who taught him to be one.  he was never poor growing up esp. since he had a wealthy grandfather.

[Reb]

don't expect to have it when I retire,

Won't really need it anyway,

Congratulations to you on your success.

It doesn't bother you at all that that represents real dollars that have been taken from EVERY one of your paychecks for what, 40 years? More or less.

Me, I'm pretty enraged that that could be the result if he is re-elected. All that money, all those thousands of dollars taken from me with a promise that it'll be there when I retire and really need it the most.

And while you may have done well in your life and are financially secure, there are many, many millions of people that aren't.

Any person my age should take the appropriate steps in their youth to understand that SS is a dying system. Politicians have dug their hands in it for years on both sides of the isle.

I'm 33 yo Baldo, I've planned for my retirement without SS, as should everyone else my age. I'm a veteran, obtained my mechanical engineering degree on the GI Bill, and am debt free except for my mortgage. I made good decisions, directed by many of the wiser on this forum.

Yes, I am angered by the same aspect as you are. If they cut SS tomorrow I have loved ones that would hurt substantially. My comments above were made directly per age group difference.

[Oss]

How does removing payroll tax make a net difference?

You will pay either on April 15 or every paycheck

Social Security was originally supposed to be paid from the general fund

Adding separate taxes IMHO is not a good thing  There must be well over 100 separate taxes.

a low national Sales tax (targeting all purchases) and low income tax (rewarding those who make money) and allowing deductions for mortgages, health insurance premiums and college and medical costs) and real charities that spend the $ on the people who are supposed to benefit seems like a more fair way to do it  And there should be no taxes on people in military service and no pensions for people serving in congress

Neither party will ever support that.  So it is all hot air that means nothing