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Posted on 2/26/24 at 5:51 am to Jjdoc
Posted on 2/26/24 at 5:51 am to Tarps99
quote:
Just to be fair welfare benefits should be taxed too.
Fair Taxation would be to switch to consumption tax. Almost the same as a sales tax except per item (BOGO would be taxed on each item so not on sales price).
Want a house? A car? Even a Big Mac, pay the tax, no exceptions/exemptions and no homeowners deductions either. Flat tax @20-25 percent ought to cover the Federal side, state and local taxes would be extra.
Posted on 2/26/24 at 5:55 am to Jjdoc
quote:It was a compromise.
Reagan signed that into law
Prior to 1983, Social Security benefits were not taxed.
In 1983, Congress passed legislation to fix SS. The legislation exposed up to 50% of Social Security benefits to federal income tax.
In 1993, with Dems in full control, tax exposure was upped to 85% of benefits for higher-income beneficiaries.
That's where we are now.
Posted on 2/26/24 at 5:55 am to Jjdoc
quote:
Exactly. The dems are bad, but not everything the GOP has done was great.
Why on earth would you say such a thing? As long as the person we vote for has an (R) behind their name, all is well.
Posted on 2/26/24 at 6:00 am to NC_Tigah
quote:
It was a compromise.
As was the Reagan Administration’s amnesty for illegal Immigrants in 1986.
Anyone else seeing a pattern here?
Posted on 2/26/24 at 7:21 am to Wally Sparks
quote:
GOP controlled the Senate from 1981-87.
But not Congress
Posted on 2/26/24 at 7:22 am to doubleb
quote:
But not Congress
Correct, but it’s not as if they were completely shut out from it either.
Posted on 2/26/24 at 7:27 am to Jjdoc
Technically you never paid taxes on the FICA deductions. It's a pre-tax benefit.
Posted on 2/26/24 at 7:28 am to Toomer Deplorable
quote:
quote:
It was a compromise.
As was the Reagan Administration’s amnesty for illegal Immigrants in 1986.
Anyone else seeing a pattern here?
I love Ronnie. But Tip O'Neal and the Dems played him multiple times.
This post was edited on 2/26/24 at 7:43 am
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