When you’re dealing with the government, there is no such thing as “honest.”
What funds? The ‘fund’ is just a fig leaf that covers up the fraud that a fund even exists anymore. They’ve rolled it all into the general fund and is bankrupt and being borrowed for. The govt is full of con artists and grifters.
The reality is that not taxing one revenue source means other revenue sources must be taxed more. It’s math.
If we had an honest government, I could accept a combination of tax increases and expenditure reductions until the debt was gone, but our politicians are making too small adjustments that are eventually eaten up by debt increases. This will eventually result in the tax payer having no money for himself and the government having it all and still no solution to the debt problem.
Income tax is on my salary, not my salary less payroll taxes. Why should I pay income tax on my salary, payroll tax to cover the SS benefit and then income tax on the SS benefit? How is the SS benefit “income” to be taxed in the first place?
If one spends SS benefits, one gets taxed...as it is now, they’re double taxing you. When they cut the check, and when you spend what money you have left.
AI does not integrate morals or ethics into any presentation
Since it’s an MS product, it’s more likely to be propaganda and lies but, if not explicitly coded, it’d just be a useful idiot for the left.
Note the first part of the answer is correct “this change faces significant hurdles”, but maybe in it’s internet scraping it stumbled across a server accidentally left open at the DNC where they are actively working on talking points to thwart the plan.
So when dems fighting the proposal say that’ll make SS more insolvent, you’ll know I’m right. Even though that response is quickly thwarted, as you correctly did, the commies will be getting info from their echo chamber and never see or hear it.
I think you were talking past each other.
Tax revenues would fall. That would make funding everything more difficult. Since SS funds are rolled into the General Funds, they are also disbursed from the same pool of money. That pool would shrink.
You are the one that brought up payroll taxes.
The real issue here is how the Congress robbed from the Trust Fund starting in the late 1960’s to fund the war in Vietnam and the “Great Society.” It would be impossible to reverse that now. If that had not happened the Trust fund would be bursting at the seams and the government debt would significantly lower.
Not having the SS taxed is a win for me personally. But in the grand scheme, they would be changing one part of the system while ignoring the other part. In short, it’s not a neutral on the debt.
And if you go back and ask the same questions again, you’ll get the same answers. It’s not true AI because it doesn’t learn.
Hummmm...I read & re-read the AI (Bing Co-Pilot) response and I fail to see the “lie”/error? (Like post #17) Any income tax paid on SS benefits goes toward SS payouts. Then you made a comment on the SS payroll tax? A different topic. Less income for SS if no taxes paid on the total income “over the limit” amount ($34K or $44K).
When dealing with AI, remember it’s the programmers that make the difference.
Highlight the following and click on the option to have Co-pilot (or whatever AI your browser uses) to rewrite it.
She was uncomfortable using the bathroom by herself because she was afraid some tranny freak might come in.