Give and take away?

[Phu Cat]

The Biden administration has announced a 5.9% increase in our social security after the first of the year. Think they'll take it back in taxes?

PC

 

[rhino 2]

The Biden administration has announced a 5.9% increase in our social security after the first of the year. Think they'll take it back in taxes?

PC

I already pay taxes on my SS......:Shrug:..

 

[Jack Klarich]

I already pay taxes on my SS......:Shrug:..

Yup, thanks to Biden's vote as a senator

 

[Jack Klarich]

The Biden administration has announced a 5.9% increase in our social security after the first of the year. Think they'll take it back in taxes?

PC

We will see a rise on our part of medicare so the increase will be not so much again

 

[Jake70]

The Biden administration has announced a 5.9% increase in our social security after the first of the year. Think they'll take it back in taxes?

PC

Yes. Part of it anyway goes to increased Medicare premiums.

 

[rhino 2]

And the sad part about Social Security is that entitled people and people who never worked in their life think that the people who are collecting Social Security got it for free not realizing Or even caring that the people collecting security security payed for that every week Out of their paychecks… Me’ I paid almost double into the Social Security being I was self-employed but I don’t get double the payment I get just the same as everybody else… that’s just the way it is and I’ve learned to come to terms with that sort of...

 

[RareSS]

The Biden administration has announced a 5.9% increase in our social security after the first of the year. Think they'll take it back in taxes?

PC

Sounds like another one of his lies. I do not believe anything that comes out of that puppets mouth.

( I will get off my soapbox now.)

 

[Jake70]

Sounds like another one of his lies. I do not believe anything that comes out of that puppets mouth.

( I will get off my soapbox now.)

That soapbox can get to be awfully crowded when there is someone of Biteme's caliber representing Americans don't you know.

 

[cScjhb]

And the sad part about Social Security is that entitled people and people who never worked in their life think that the people who are collecting Social Security got it for free not realizing Or even caring that the people collecting security security payed for that every week Out of their paychecks… Me’ I paid almost double into the Social Security being I was self-employed but I don’t get double the payment I get just the same as everybody else… that’s just the way it is and I’ve learned to come to terms with that sort of...

Many years ago, back when we used to get annual SS statements showing what we paid in since we started paying, I did some calculations. And, remember, as employees we paid only 1/2 of what went into our SS fund (hole). Employers matched our contribution. Anyway, I amortized the contributions and applied average earnings over the life of my participation. Then I applied the annuitized rate in effect at that time to determine the amount I could have received if the amount in my SS "savings account" had been done by me as a personal and private investor. Guess what? My calculations suggested that I could have increased my pay out by a little over 2 and 1/2 times. And that was just using the average savings account rates in effect over the life of my contributions. Imagine what the return would have been if the money would have been invested in the stock market or even a conservative mutual fund.

Just a little something I did when I had way too much time on my hands and wanted to piss myself off..... Jim

 

[Phu Cat]

Imagine what the return would have been if the money would have been invested in the stock market or even a conservative mutual fund.



Imagine what might still be there if it hadn't been raided numerous times by the democrats!!!

PC