How will this be paid for?
With our credit cards.
Seriously...as the Fed Gov increases its debt the interest rates charged to consumers rises, irrespective of what the Federal Reserve does.
Oh, come on, man......we’ll just raise taxes and the deficit ceiling. Bada boom, bada bing....done!
How will this be paid for??? LOL, LOL, LOL who gives a shit at this point, HOW THE HELL will the bill passed today be paid for??
The same way Trillion $ to Ukraine was paid for?
The Pink Unicorn ATM the demonratcommieblmantifaterrorscumfeminazipedophilegoatrapers think exists to give out money.
Raising Taxes, like always.
from taxes on all the increased winnings at the casino
Paid by FICA tax increase on those earning over $147,000.
Getting rid of the cap would allow the fund to last a long time. See if they have the guts. Maybe raise to 250K. Who knows. No matter what social security will go up just with the COLA in 2023. So they better do something. I’m eligible in 2038. Probably get 5 bucks and told to be happy:
AOC: Just print more money. Simple.
As I read it-—increase the threshold where Soc Sec stops being deducted from paychecks.
Now has $147,000 limit-—would climb to $250,000 to be taxes for Soc Sec. IF % stays the same-—6.2% of $250,000 ==$15,500 for worker & matching amount for employer. Self employed would have to pay entire amount—a max of $31,000.
BIDEN INFLATION has crippled many Soc Sec recipients.
Currently FICA tax is paid on the first $147,000 of income at 6.2% (with the employer picking up another 6.2%). Up to now, many employees saw their take-home pay increased significantly when they max out, usually towards the end of the year.
The proposal is to take that away from them and make the FICA cap $250,000 - or likely even higher. This will almost double the FICA tax that higher income people (and the companies that employ them) will pay.
I must say, I saw the handwriting on the wall with this years ago. I knew that the day would come when the government would start grabbing a much bigger chunk from the higher earners in order to keep paying granny's social security checks.
Funny how they never talk about cutting back on welfare for people who don't work in order to take care of people who worked their entire lives.
Taxing our dividends and capital gains. It's tough being old.
The key is to stay active. Keep a project going.
This week, for example, I'm considering changing which pocket I put my ear buds case in.
I have to admit, though, the indica just makes me want to relax.
How will it be paid for? How’d those stimulus payments get paid for? Quit carping. I need that cash. It looks the price paid by democrats for votes is definitely feeling the inflationary pressure.
Read the article. By raising the maximum taxable amount to $250,000.
I used to think that way but now it’s who cares? They threw billions and billions on the worthless war in Afghanistan and now Ukraine. Billions over the years to the millions of illegals and their anchor babies we educate, feed and pay their medical. Billions that should go back to this countries legal taxpayers which includes social security recipients and raising the pay of our military men and women (yes that includes my son). America first.
“… paid for?” Two ways: 1. more inflation and 2. higher taxes on the hard working who actually pay taxes.
In blood.
Bankrupting the country is the plan and it is supported by the uniparty.
Simple. Raising taxes on people making more than $400K/year will solve the problem.
How do I know this? President Biden said so.
“Be wary of strong drink. It can make you shoot at tax collectors...and miss!” ~ Robert A. Heinlein