Posted on 06/17/2021 7:21:35 AM PDT by NohSpinZone
The individuals had no standing to challenge the “individual mandate” because the money part was eliminated, thereby eliminating the issue.
As another massive program I have spent some time studying the SS issues. In 1983 both parties agreed to start taxing our Social Security which had already been taxed when earned. It was agreed that 90% of all money earned should be taxed according to a formula (Tax Max). In 1983 a $25,000 deduction was allowed for singles, and a $32,000 allowed for couples in that formula. Apparently the easy decision was made to increase the maximum tax according to inflation (usually 2% to 4%). However, for the rest of that decade and later high paid people had wages increased by as much as 10% to 20% each year. So Tax Max has floated down to around 82% for a number of years. Now SS is in trouble from insufficient collections. So start deducting using the 90% Tax Max, not the 82% Tax Max collected because the rich are no longer paying their fair share. Call your Congresscritters.
Also since 1983 there has been NO INCREASE in deductions allowed for calculating tax due from SS. Now, a rate ($25K/$32K) planned to target comfortable middle class retirees is hurting the struggling elderly too. According to the CPI Inflation Calculator, $25,000 should now be about $67,500, and $32,000 should be $86,500 (both figures rounded). That is 38 years with NO INCREASE. Call your Congresscritters.
Then there is the Lump Sum Death Benefit which was stabilized at $255 in 1974. Increased for inflation it should now be $1,392. Maybe enough for a very cheap cremation. Get mad, call your Congresscritters.
You ought to look at the comments and objections brought up during its introduction by FDR & the Dems for further insight.
The initial objection was that the "benefits" began at 65, which at the time was also the average life expectancy.
The Republicans at that era immediately pounced on this as proof it was (and still is) a Government scam, along with the lack of any Constitutional authority to enact it.
But since the Dems held sizable majorities in both chambers along with the Presidency, it was rammed through at breakneck speed in the typical Democrat/Authoritarian manor.
All the more reason to go back to the 90% Tax Max rate both parties agreed to in 1983. The fact that ones salary has increased at more than the inflation rate (lucky you) is no excuse for steadily increasing the scrxxing of lower income retirees and future workers.
Definitely !
Clarence Thomas is awesome !
Definitely one to watch out for !!!
So far, all three of Trumps jurists have been fantastic !!!
The government has no business being involved in medical care in any way whatsoever. We would be unimaginably better off had medicare never existed.
thanks captain obvious. appreciate the redundant input.
Gee, you don’t think that Dr. Ford was right all along? Probably just fearing for safety of his family
Their guiding motivation seems to be ingratitude.
I’m glad that you consider it redundant, I have met far too many who think medicare was a great idea and we can’t get enough of it.
Forget the /s tag?
Communists.
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