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re: Now Social Security could be depleted this decade
Posted on 4/23/20 at 11:56 am to Taxing Authority
Posted on 4/23/20 at 11:56 am to Taxing Authority
quote:
If you don't care about 15% of your lifetime earnings being taken from you with no return I have no idea how to help you.
That's why it will never be means tested. It makes no sense to give away another 15% of your income to someone else without personal benefit. In that case it becomes another form of welfare to the middle and below middle class. Take a 35% tax bracket person and then add another 15% to the tax burden? No way!
1
Posted on 4/23/20 at 1:09 pm to aTmTexas Dillo
quote:My income tax is way higher than 15%. Means testing is coming—because “the rich” are by definition a minority. Democrats are fine exploiting minorities.
That's why it will never be means tested. It makes no sense to give away another 15% of your income to someone else without personal benefit.
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