Well Seran is a worthless cause, but instead of social security tax force people to invest a meager portion of their own income into very low risk portfolios (bonds come to mind but you get the idea). I do see a need especially some uneducated kids of today to compel them to do it like a tax, otherwise many won’t and we’ll have to take care of them when they get old.
"Burden to society" the sort of rhetoric used seventy-eighty years ago when they euthanized criminals, mentally infirm and malformed.
We've progressed as a society where the strength and wealth of our people's ensure that no single person should ever have to face involuntary homelessness or starvation. Our payroll taxes which pay for Social Security are the price we the workforce pay to make sure that any retiree or disabled individual has a minimum income with which to survive and I'm sorry you think those who don't invest or contribute to a tax deferred employer sponsored plan are too much of a burden to support. But that is not the general direction our society has chosen to take, not since the first half of the last century and you're going suck it up.
I didn’t say a burden to society. I said the further taxation you are suggesting is an unnecessary burden on the most productive successful members of our society. Creating opportunities for upward mobility is much more rewarding than redistributing (AKA stealing) wealth.
You mean the kind of euthanasia that they are doing in leftist controlled Canada right now? I want to see more poor people join the middle class & become more educated, productive, and valuable members of our society. You want to reward stupidity & communism. Our society is not moving that direction despite your hopes that big government actually cares about your well being.
Why yes, yes you did say those who didn't invest in their retirement are a burden to society and your lack of candor or agreement with the rest of society whose existed under the Social Security system for well nigh a century is glaring.
When the majority of Americans lived and worked for an employer and payroll taxes were the norm, Social Security is what helped keep grandma from having to live out of a box and eat catfood. They never expected or anticipated receiving as much as they put in
Now a significant number of Americans are self employed and not paying payroll taxes, are incarcerated, or not part of the working adult population, the idea of a Great Society where grandma shouldn't have to eat catfood hasn't gone away. If anything, the increasing number of self employed individuals who will still likely need Social Security at some point in their lives has drastically increased, but to you they don't deserve a damn thing and should have saved, so must be allowed to starve? No thanks.
No entirely sure where you, seemingly outside of but supporting the 1% who controls the majority of wealth in our country, has decided it's high time everyone pay their fair share in making the wealthy wealthier, but it's moronic.
1) Self employed people are still taxed for Social Security and Medicare you idiot.
2) Feel free to tax the incarcerated.
3) The maximum earnings for Social Security tax was $147,000 in 2022. You need to make a lot more than that to be in the top 1% of income earners. Just say you want to tax the middle class, or better you don’t really care where it comes from as you yourself don’t work or pay taxes.
No dude, lots of people who work work for themselves don't pay payroll tax and a good many of those people also don't file taxes. I'm sure you recall the shitstorm your party threw over the IRS submitting tax documents for people with more than $600 in transactions? Those same people are your payroll tax dodgers often enough. Being taxed or owing tax, is not the same as paying tax or reporting income and submitting said tax.
160k the threshold for this year, don't quibble over a generalization over the payroll cutoff tool. I want people who taxes, to pay taxes as they're legally and constitutionally required to do. You apparently don't.
Last edited by Seran; 01-12-2023 at 07:21 PM.
Self employed people actually pay double. They have to pay for not only their own earnings but also the employer portion of the so-called payroll taxes. Nobody that works for their money enjoys it being stolen (taxed). Our country was founded by patriots that didn’t want to pay taxes. A lot of people also have side hustles that the IRS has no business knowing about. Taking the side of the Galactic Empire doesn’t win you the moral high ground.
Yes the maximum earnings on social security did go up considerably this year (2023) to account for crippling inflation. Thanks for the reminder.