SS is almost bankrupt now and it is running out due to rampent fraud and abuse in the system here in Oregon. Met someone here that was getting 5 SS checks and had nothing at all physically or mentally wrong and jumped off the bus with no problems and was screaming at me because she had to go to a DBT day treatment program in Hillsboro oregon. Until things change it will not get any better and feel the real people who need it cannot get it at all. I cant get it and cant walk!!!
You know what, I'm investing in in a good 401K and building a good pension now while I'm young. This social security mess is primarily the fault of the worthless boomer generation, I say cut unless they served in the US military, cut their asses off.
"What's Up With That?" Well here's what's up: no one gets benefits calculated on pay over $97,500!! Simple as that!! Social Security is PAY-RELATED........and it's already screwing the people who make between $50,000 and $97,500 because of the "bend point" calculations. SS is 90% of the first $10k of AIME, 32% of AIME to $50k and 15% of AIME to $97.5k. Check out the formula. And if people making over $97 have to start paying the 6.2% x 2 tax, our whole economy's screwed!!!
VERY few people understand this. No politician will explain bend points and why the tax cap is 97,500. People just want taxes raised without really caring about the economical consequences of such an idea.
Why should people that make more money be punished by paying more for social security? They aready pay 96.70% of ALL income taxes! What more do you want? The goverment is not for handouts.
When I started working, my dad explained to me that if I was lucky, I would pay much more into social security than I would ever get out. Well, I've been very lucky and I understand that social security is for those who are less fortunate.
It sounds like you qualify for a refund. If you use TurboTax, it flags over-payments to social security for a refund. (There is no cut-off for medicare payments that I am aware of. So make sure you are looking at the social security line item and not the medicare line item.)
All politicians Fed, State and local need to empower each one of us to manage our own security, with only a tiny amount taken for a rainy day fund for those truly in need. That is the only way for us to realize millions needed for our retirement. Keep your pesky hands off our paycheck as much as possible and you will see savings skyrocket!
SS is almost bankrupt now and it is running out due to rampent fraud and abuse in the system here in Oregon. Met someone here that was getting 5 SS checks and had nothing at all physically or mentally wrong and jumped off the bus with no problems and was screaming at me because she had to go to a DBT day treatment program in Hillsboro oregon. Until things change it will not get any better and feel the real people who need it cannot get it at all. I cant get it and cant walk!!!
PamelaRP 1 year ago
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BrittPhillips 2 years ago
You know what, I'm investing in in a good 401K and building a good pension now while I'm young. This social security mess is primarily the fault of the worthless boomer generation, I say cut unless they served in the US military, cut their asses off.
Antiworld23 3 years ago
sounds like a reason to strive for a $98,000 salary!
whats up with it is that this country sucks.
AndrewKH85 4 years ago
"What's Up With That?" Well here's what's up: no one gets benefits calculated on pay over $97,500!! Simple as that!! Social Security is PAY-RELATED........and it's already screwing the people who make between $50,000 and $97,500 because of the "bend point" calculations. SS is 90% of the first $10k of AIME, 32% of AIME to $50k and 15% of AIME to $97.5k. Check out the formula. And if people making over $97 have to start paying the 6.2% x 2 tax, our whole economy's screwed!!!
sbourg55 4 years ago
VERY few people understand this. No politician will explain bend points and why the tax cap is 97,500. People just want taxes raised without really caring about the economical consequences of such an idea.
robert0380 3 years ago
Over taxing the job creators IS NOT the right way to fix Social Security. Damn, another lame question from a nanny-stater.
joemo75 4 years ago
Eliminate Social Security. We're all adults, we should be responsible for our own retirement.
Klashbash 4 years ago
Thank you.
Antiworld23 3 years ago
What BS! you make it sound as if they don't pay SS.
They do, it just caps at that point, also it has been raised several time in the last 10 years.
They also pay way more taxes.
Shes full of crap!
eschneider001 4 years ago
Why should people that make more money be punished by paying more for social security? They aready pay 96.70% of ALL income taxes! What more do you want? The goverment is not for handouts.
sirly1 4 years ago
When I started working, my dad explained to me that if I was lucky, I would pay much more into social security than I would ever get out. Well, I've been very lucky and I understand that social security is for those who are less fortunate.
NancyMcD 4 years ago
I did not stop paying into social security when I earned over 97,500. maybe the government owes me a refund.
salesgaines 4 years ago
It sounds like you qualify for a refund. If you use TurboTax, it flags over-payments to social security for a refund. (There is no cut-off for medicare payments that I am aware of. So make sure you are looking at the social security line item and not the medicare line item.)
NancyMcD 4 years ago
All politicians Fed, State and local need to empower each one of us to manage our own security, with only a tiny amount taken for a rainy day fund for those truly in need. That is the only way for us to realize millions needed for our retirement. Keep your pesky hands off our paycheck as much as possible and you will see savings skyrocket!
feetnycam2 4 years ago