We live in a nation of liars: the federal gov LOVES to state we pay a fraction of federal taxes. They completely ignore FICA, Medicare, state, local, and Social security which easily add another 10% or sometimes even 20%. In NYC and California, your state and local may as well be a second income tax that almost matches federal taxes. I used a tax calculator, and on a really good salary of 200,000 in some of these shitholes, your take home after taxes is under 100,000.
Not only do the Trump tax cuts expire soon, with the way SS (Ironic that SS's nickname is the same as the Nazi secret service) is heading, i foresee they will ramp up the number to 8% than 10% and incrementally increase the taxes on everyone. It's not bad enough people can barely afford to live, gotta steal and rob everything you can before everything implodes. What makes this even weirder is that there isn't even a fund for SS, it's a ledger OPEX item in some excel sheet somewhere, never to be seen again. But the government needs its cash, so foresee more nickle and diming. Heck they may even introduce new types of taxes like an employee privilege tax, because its a privilege to have a job after we tried so hard to get rid of you!
Technically they already have been restricting SS by increasing the retirement age, and decreasing the benefit amount. The only thing left to do is increase the contribution amount on top of decreasing the benefit amount whilst increasing the retirement age. Entire thing is a scam too, if i could keep that money and invest it myself, i could literally pay off my house 10 years early.
Fun fact: Social security is NOT inheritable except by a spouse. It's essentially a way to communize your money and give it back to the government. It was essentially a subtle way at the time to ban inheritance by having everyone give their money to big gov who than got to decide who gets money or not.
"Technically they already have been restricting SS by increasing the retirement age, and decreasing the benefit amount."
And also, every time you hear them claim that SS "benefits" will see an increase of, say, 3% the cost of the medical "insurance" goes up by 3.2%. The actual money that people get will be less than they were getting before.
Members of certain religious groups are often exempt.
So non Whites, Muslims and niggers dont pay into SS, but get the most payouts
Most foreign academics and researchers are exempt if they are nonimmigrant and nonresident aliens.
Illegals dont pay it either.
Self-employed workers who make less than $400 annually do not pay Social Security taxes.
i cant think of a single mom and pop LLC that makes only 400$ annually, so this one is laughable beyond belief. Usually SS wanted their cash and would "refund" you if there was a problem, which was also laughable
All individuals are exempt from paying the tax on wages above a certain threshold.
So really rich individuals structuring through trusts dont pay it, nor do VPs or higher ups. SS is just a tax on White people and Asians to give more free shit to illegals and niggers
The top individual tax rate dropped from 39.6% to 37% under the terms of the Tax Cuts and Jobs Act (single filers making $578,126 and over), the 33% bracket fell to 32% ($182,101-$231,250), the 28% bracket to 24% ($95,376-$182,100), the 25% bracket to 22% ($44,726-$95,375) and the 15% bracket to 12% ($11,001-$44,725).
These bracket backslides will mean that every American will need to reassess their spending and tax returns to pay 1% to 4% more in personal taxes unless provisions are extended, revised or made permanent over the next 28 months.
Because crippling inflation and double/tripling of prices isn't good enough, come 2025, all those "savings" that the peons were getting on taxes will also go back to the Obama days. That's assuming anyone has a job by that time. The problem is as the amount of people NOT working goes up, the amount of taxes required from the working suckers needs to go up.
It's gonna be hard to convince the newer generations who are barely scraping by to pay for cadillac pension for do nothing gov workers.
[ + ] Peleg
[ - ] Peleg 2 points 8 monthsAug 31, 2023 09:45:44 ago (+2/-0)
And also, every time you hear them claim that SS "benefits" will see an increase of, say, 3% the cost of the medical "insurance" goes up by 3.2%. The actual money that people get will be less than they were getting before.
[ + ] BeholdIAmHere
[ - ] BeholdIAmHere [op] 2 points 8 monthsAug 31, 2023 10:35:22 ago (+2/-0)
So non Whites, Muslims and niggers dont pay into SS, but get the most payouts
Illegals dont pay it either.
i cant think of a single mom and pop LLC that makes only 400$ annually, so this one is laughable beyond belief. Usually SS wanted their cash and would "refund" you if there was a problem, which was also laughable
So really rich individuals structuring through trusts dont pay it, nor do VPs or higher ups. SS is just a tax on White people and Asians to give more free shit to illegals and niggers
[ + ] Jimmycrackerson
[ - ] Jimmycrackerson 1 point 8 monthsAug 31, 2023 19:01:20 ago (+1/-0)
[ + ] Taxedtv
[ - ] Taxedtv 0 points 8 monthsAug 31, 2023 19:14:53 ago (+0/-0)
[ + ] texasblood
[ - ] texasblood 0 points 8 monthsAug 31, 2023 14:42:26 ago (+1/-1)
Was age 67 for $2800 a month.
Now its 70 for $2600 a month
[ + ] BeholdIAmHere
[ - ] BeholdIAmHere [op] 1 point 8 monthsAug 31, 2023 14:58:09 ago (+1/-0)
Because crippling inflation and double/tripling of prices isn't good enough, come 2025, all those "savings" that the peons were getting on taxes will also go back to the Obama days. That's assuming anyone has a job by that time. The problem is as the amount of people NOT working goes up, the amount of taxes required from the working suckers needs to go up.
It's gonna be hard to convince the newer generations who are barely scraping by to pay for cadillac pension for do nothing gov workers.