Socialism and welfare

iVillage Member
Registered: 04-24-2008
Socialism and welfare
363
Tue, 10-21-2008 - 6:29am

Why is it a tax cut when McCain cuts taxes?

Pages

iVillage Member
Registered: 09-15-2008
Tue, 10-21-2008 - 10:16pm

they can save it or spend it. saving would do some good, as long as they arent saving it in the fire pit or matress. but i think spending it would be better. if they save it in a bank, that would be good because then the bank would have money to lend (are banks still doing that these days?). but i think spending it would be better becuase it has the chance of jump starting the economy.

iVillage Member
Registered: 08-25-2008
Tue, 10-21-2008 - 10:54pm

ummm... make things up out of whole cloth...


"(we may go as high as 11% unemplyoment by the end of 2008)"

iVillage Member
Registered: 08-25-2008
Tue, 10-21-2008 - 10:58pm

No, there is no "bonus" when you reach the limit.


What you forget is that benefits are only computed on the amount on which you pay taxes.


So, once you pass the SS ceiling, there is no more tax, but no more benefit as well.

iVillage Member
Registered: 08-31-2008
Tue, 10-21-2008 - 11:16pm

benefits are only computed on the amount on which you pay taxes.>


LOL - That's if

iVillage Member
Registered: 08-25-2008
Wed, 10-22-2008 - 9:38am

nonetheless, benefits are tied directly to what compensation you pay in on.


Obama proposes severing that link.

iVillage Member
Registered: 08-31-2008
Wed, 10-22-2008 - 10:04am
The link was severed when ss tax was used to pay for anything other than ss payments.
iVillage Member
Registered: 08-25-2008
Wed, 10-22-2008 - 10:08am

no, the link between the segregated SS fund was severed.

iVillage Member
Registered: 08-31-2008
Wed, 10-22-2008 - 10:21am
I'm pretty darn old and I do not expect the benefit to be as calculated when I retire, do you? My father lives quite well with the majority of his income based on ss, I doubt that if I live that long that I will be able to say the same.
iVillage Member
Registered: 04-24-2008
Wed, 10-22-2008 - 10:54am
Well said.
iVillage Member
Registered: 04-24-2008
Wed, 10-22-2008 - 11:34am

<<...once you pass the SS ceiling, there is no more tax, but no more benefit as well.

Pages