Posted on 02/03/2021 6:39:11 AM PST by Kaslin
Not really any good news at all. It's $0.15 on the $1 for anything over $6,002/month of income, but you're still paying 100% of the tax. From the SSA data below, you can see the awesome benefit someone gets if making just shy of $12,000/yr (90%), and then the complete rip-off it is when you make over $72,000/yr. Note too: this is the same # no matter how many quarters you actually put in, as long as you put in the minimum needed to earn a full benefit.
From the SSA.GOV site: https://www.ssa.gov/OACT/COLA/piaformula.html
For an individual who first becomes eligible for old-age insurance benefits or disability insurance benefits in 2021, or who dies in 2021 before becoming eligible for benefits, his/her PIA will be the sum of:
(a) 90 percent of the first $996 of his/her average indexed monthly earnings, plus
(b) 32 percent of his/her average indexed monthly earnings over $996 and through $6,002, plus
(c) 15 percent of his/her average indexed monthly earnings over $6,002.
DON’T STOP THE PRESSES! Keep printing Print Free Money !
Free from Goverment ! Free! Just really means let the kids pay for it
Where’s the commercial or video showing a toddler happily playing suddenly being demanded to pay its thousands of dollars share of the national debt ? When the toddler breaks into screaming” HOW COULD THEY DO THIS TO ME ???” in tears ? posted this in my website
http://www.theusmat.com/index.htm
If this fraudulent election wasn’t going on Trump should vetoed this. NOW I HOPE HE EXPLAINS AND BLAMES THAT SHAKEDOWN FORCING ITS PASSAGE.
That democrat controlled house 5000 or more page budget blaster hasn’t been examined but I bet there is Bailouts for sanctuary states and cities along with a mountain of other appropriations going for give-a-way projects where Swamp family members wind up being “bag men” for those that voted for this.
Watched Mark Levin tonight on Hannity. Mark Levin had several worthy arguments - including his often citing our US Constitution and Bill of Rights - against the Biden’s National Socialism.
Biden represents the corruption, vices, and violence of the harshly dedicated left-wing of the AFL-CIO.
The left-wing assault against both local governments and private property thru most of 2020, was an exercise of AFL-CIO guidance.
Such “bad” socialist unions are literally psychopathic in their carelessness: the viability of an enterprise is ignored, because such leftists *ALWAYS* believe in the final government solutions -— that *THEY* will prevail when in control of the government purse.
They do not need private, let alone capital enterprise.
Their methods of bullying, intimidation, “chilling effect,” “disenfranchisement,” destruction, and various proxy fights (for example, what we now see in the DC is Martial Law by Proxy) . . . are the leftist AFL-CIO toolkit.
Their thinking abhors examination, reflection, and study. That is why they are fanatic jingo-ists.
There is no constitutional form nor democratic-republic. There are simply a rage of the day followed by another and “something must be done about it!”
Victor Davis Hanson was also a guest on Tucker Carlson tonight. Mr. Hanson did a good job in a short time, trying to explain the left’s pathology re these matters.
IOW, when Joe Biden says “to the lifeboats!” . . .
Remember that Biden’s back-supports (John Kerry, Mitt Romney, Ben Rhodes, and a lot of people with portfolio), will declare lifeboats to be harmful to the environment and deflate the boats while you are mid-pacific.
Leaving you to sink or swim.
Unions are only a shadow of their former “glory”. It isn’t 1950 anymore. Only 6% of the workforce is in a union.
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