- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: The social security tax cap is going to be lifted before 2033.
Posted on 4/23/25 at 1:08 pm to mule74
Posted on 4/23/25 at 1:08 pm to mule74
quote:
I absolutely did not say or imply that.
When you post that your income tax will go up by an amount over double that of the median income, it comes across as a not so subtle brag.
quote:
wealth tax
frick that. I'd rather they increase the death tax - take it after I'm gone, I won't give a shite. After all, aren't we supposed to be a country of self-made, rugged individuals picking ourselves up by our own bootstraps?
If you want to target high-end wealth, increase the exemption and the rate of the inheritance tax.
Personally, I would leave taxes alone until:
a.) the economy stabilizes
2: the budget is balanced.
1
Posted on 4/23/25 at 3:09 pm to Harry Boutte
quote:Payroll tax?
When you post that your income tax will go up
Presumably with an attached massively increased and taxable "benefit" IAW SS scheduled payout?
Fiscally it would just kick the can down the road until the cap-unlimited payout is due to contributors. Sounds like a really bad idea.
Far better to scale the program back or faze it out.
But that won't happen for reasons explained earlier in this thread.
So we're looking at high probability of increased payroll tax share from 6.2% to 7.5% with an employer match.
Posted on 4/23/25 at 6:38 pm to NC_Tigah
quote:
Fiscally it would just kick the can down the road until the cap-unlimited payout is due to contributors.
Due to the bend points, the payout per $ contributed drastically reduces at the higher end so seems like it could work. I'd like to see the math. I think we're headed for means testing if not. Means testing may be too unpalatable paired with higher/unlimited contribution limits.
Posted on 4/23/25 at 6:43 pm to NC_Tigah
It probably wouldn't make a dent but while we're talking SS reform, isn't it about time we change the spouse benefit rules? In the modern world makes little sense that a non-working/low earning spouse can draw on the earning spouses benefit without making additional contributions. Even more absurd when you consider multiple ex spouses can draw on same benefit
This post was edited on 4/23/25 at 8:46 pm
Posted on 4/23/25 at 6:44 pm to TorchtheFlyingTiger
quote:Then they'll have to restructure the program to a straight tax and spend
means testing
Posted on 4/23/25 at 7:45 pm to NC_Tigah
why doesn't anyone mention the fact that spouses that have never worked are entitled to 50% of their spouse's earned social security? So people who have just single incomes in a joint household wind up getting 150% of earned benefits? Is that just not a material amount to begin cutting first, rather than going straight for higher taxes and raising the full retirement age? And this windfall provision just made a bad situation worse. People who were precluded from receiving benefits because they get state or federal or teacher's pensions now can get social security too...especially the 50% of their spousal security benefit mentioned above that we were previously denied.
Posted on 4/23/25 at 8:56 pm to Breadcrumbs
The windfall provision had flaws but the fix is disproportionately advantageous to those mostly state/local govt employees that dont pay into SS during their peak earning years. Now they get to draw SS based on their pre/post govt years and get a much better rate of return on their limited contributions.
Now we're talking about not taxing tips so yet another segment of workers that wont be contributing. On that note, why is labor compensated via gratuity any different than W2 income? Wish we just moved to employers paying full wages in service industry and leave a little just to bee nice if you want (it works elsewhere.) Raise menu prices etc to compensate and cheap free loading customers will pay their fair share finally.
Now we're talking about not taxing tips so yet another segment of workers that wont be contributing. On that note, why is labor compensated via gratuity any different than W2 income? Wish we just moved to employers paying full wages in service industry and leave a little just to bee nice if you want (it works elsewhere.) Raise menu prices etc to compensate and cheap free loading customers will pay their fair share finally.
Page 4 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News