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Retired BOD - Doug
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What effect do you think paying illegal aliens is going to do to the system?

I didn't know that SS was going to be taxed just like regular income. Was I in for a surprise on tax day.
 

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Originally posted by Superjay:
Was I in for a surprise on tax day
Join the club.
Yep, they are going to tax what we had already paid tax on. Double taxation. I thought that was illegal.
 

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Social security was never intended to provide for retirement for anyone. It is just another tax. Since politicians get everything wrong, they didn't foresee scientific advancements in medicine increasing average lifespans. Now they want to raise the age to receive it...
 

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I'll be eligible for SS in a year and a half. I hope I can get back some of what I paid into the system.
 

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Retired BOD - Doug
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Grab you ass pocket when you start drawing Dave. Your total income is what your tax is based on. If you draw any other retirement, 85% of your SS benefit can be taxed up just like you were still working. And they don't take anything out unless you specifically ask for the forms...so when you get your first years 10-40 you haven't paid any taxes. Then they tell you how much you owe.
 

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Discussion Starter #10
Someone figured out that if you were allowed to take the money you put in SS and instead, put it in an IRA that you would have over 1 million in your account if you paid into it over the same about of time if you worked for, say, 30 years or so.

Republicans wanted to change it and fix it but again, our socialist buddies stopped it.
 

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YOUR QUOTE-------------

"Someone figured out that if you were allowed to take the money you put in SS and instead, put it in an IRA that you would have over 1 million in your account if you paid into it over the same about of time if you worked for, say, 30 years or so."

You are correct, and that would be at simple compounded interest calcs.

SS was "BROKE" the day The 'Politicos' started "Stealing' it 47 years ago this year.

MAXX
MAXX2RACING
http://maxx2racing.com/
http://maxx2racing.net/
http://carnutlovelocknevadahomeforsale.com/

 

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Discussion Starter #13
Originally posted by Gila Hemi:
Now they want to raise the age to receive it...
Unless your name is Pedro.
 

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And, if you are on SS now, do not be surprised if you see a 20 percent cut in your check(s) starting next January.

Don't believe it?????

The're talking about a 33.33 percent or more cut in the retirement checks that the auto workers receive right now. Maybe you and I think they get too much now, but if BHO can cut their retirement checks, you better believe it they will cut SS Checks also!!!!!!!!!!!!!

AND, that means the economy will be "Tanking Big Time' at that point, so get ready for what may or may not happen.

God Bless The Second Amendment And The NRA!

MAXX
MAXX2RACING

 

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Don't count on any money from the ss system that you have been paying into all your working day.

The dems took that money years ago and put it into the general fund to take care of all the degenerates and illegals and their kids.
 

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Discussion Starter #16
Originally posted by kenihemi:
Don't count on any money from the ss system that you have been paying into all your working day.

The dems took that money years ago and put it into the general fund to take care of all the degenerates and illegals and their kids.
What are all them lowlife illegals going to do without social security? I guess they'll start giving them our 401k's next.

http://www.youtube.com/watch?v=Q2fGl9587X8
 

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Want To See The Latest News Today?

Click on the link below...................

http://moneynews.newsmax.com/s...al&promo_code=7D2E-1

If you have trouble with the link, just copy and paste it.

Judy and I are retired, myself from 40+ years in the construction industry (Mostly Non-Union after getting "Screwed" by the Carpenter's Union, but did get something of a retirement from them=$250.00 a month), Judy from PacBell after 25 years and 12 years with the city of Sparks and Las Vegas Building Departments, so we've worked our "A---S" off for what we have. I now trade Mini-Micro-Cap (MMC) and Micro-Cap (MC) stocks daily to pay for the newest Land Speed Racing (LSR) car, but it's a tough go all around (Trying to sell the first LSR car). Our home is paid for because we built it ourselves, not because we wanted a "Handout".

Now to see articles about SS going down the tubes, Illegals getting SS, "Retired" Auto Workers pensions "Will Be Cut Drastically", Retired SS recipients will most likely get a 20 percent cut, it's not "GREAT" out there.

What Next????????????

My 'Handle Name' is MADDMAXX, and "I'm Madd As Hell At What's Happening To This Great Country Of Ours Right Before Our Eyes!!!!!!!!!!!!!"

God Bless The Second Amendment And The NRA!!!!!!!!!!!!!

MAXX
MAXX2RACING
http://maxx2racing.com/
http://maxx2racing.net/
http://carnutlovelocknevadahomeforsale.com/

 

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Discussion Starter #18
Originally posted by LVMAXX:
Want To See The Latest News Today?

Click on the link below...................

http://moneynews.newsmax.com/s...al&promo_code=7D2E-1

If you have trouble with the link, just copy and paste it.

Judy and I are retired, myself from 40+ years in the construction industry (Mostly Non-Union after getting "Screwed" by the Carpenter's Union, but did get something of a retirement from them=$250.00 a month), Judy from PacBell after 25 years and 12 years with the city of Sparks and Las Vegas Building Departments, so we've worked our "A---S" off for what we have. I now trade Mini-Micro-Cap (MMC) and Micro-Cap (MC) stocks daily to pay for the newest Land Speed Racing (LSR) car, but it's a tough go all around (Trying to sell the first LSR car). Our home is paid for because we built it ourselves, not because we wanted a "Handout".

Now to see articles about SS going down the tubes, Illegals getting SS, "Retired" Auto Workers pensions "Will Be Cut Drastically", Retired SS recipients will most likely get a 20 percent cut, it's not "GREAT" out there.

What Next????????????

We have an awesome president. Thank you Obamer.
 

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Originally posted by RAM-Page:
What are all them lowlife illegals going to do without social security? I guess they'll start giving them our 401k's next.
Doesn't matter because they are all in the tank, and nothing the government is doing is going to fix that...
 

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