Re: [TSP_Strategy] Re: Social Security, broke by 2029

 

I'm sorry but I think this is misleading. People who make over 118k still pay the max rate. What could be argued is the amount that is paid by this demographic. Which increases based on relative increase in income. 

The rate game is played regarding taxes as well. 

Very Respectfully,

Claus J. Ullstad

LT, DC, USN

W: 704-910-9527

 

All In, All Of The Time!
- In honor of SOCS Tom Valentine

On Feb 24, 2017, at 17:34, Gary tweet_pa@yahoo.com [TSP_Strategy] <TSP_Strategy@yahoogroups.com> wrote:

 

Funny they say a flat tax is unfair to low income people. Yet Social Security is a flat tax that people who make over 118k actually pay a lower rate than ones making less than that. So in one case flat tax is OK but on the other hand flat tax is unfair.

Sent from my Verizon 4G LTE Droid

On Feb 23, 2017 12:25 PM, "JM Bud jmbud2@gmail.com [TSP_Strategy]" <TSP_Strategy@yahoogroups.com> wrote:

 

Even as one who would see a SS tax increase, I agree completely. For one perspective on this potential remedy see http://www.bankrate.com/financing/retirement/will-raising-the-cap-save-social-security/

On Thu, Feb 23, 2017 at 11:46 AM, rmcneill55@yahoo.com [TSP_Strategy] <TSP_Strategy@yahoogroups.com> wrote:

 

Remove the cap altogether ( why is there one!!!?) or increase the cap BACK to the amount of 90% of average income ( somewhere around $200k) YES, it will be a tax increase for some. JMHO.

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Posted by: Claus Ullstad <cullstad@gmail.com>

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