You are going to get flamed by Freepers who fail to read that this is HIS RECOMMENDATION, LOL!
So social security is no long a trust fund for you when you retire - it is simply a new tax that they will give your money to others.
Those payments are made at the highest applicable rate.
Treasury should be returning the taxes on Social Security payments directly to the Social Security side of the ledger!
The clock to midnight keeps ticking down...it is not going to be much longer before the shooting starts.
First off, social security is already taxed if you hit a certain threshold of income, which is not much. So, not only are you getting taxed ON AN INSURANCE PAYOUT, this asshat now wants to begin to phase them out based on income too.
So, T Roosevelt figured we needed an estate tax, so what? Roosevelt also loved guns, any of these asshats mention that during discussions of gun control, of course not.
“You are going to get flamed by Freepers who fail to read that this is HIS RECOMMENDATION, LOL!”
HAHA! I almost picked up a hammer to pound away!
;-)