User Tag List

+ Reply to Thread
Page 2 of 3 FirstFirst 123 LastLast
Results 11 to 20 of 27

Thread: Trump budget plan will not cut Social Security, Medicare:

  1. #11
    Points: 23,893, Level: 37
    Level completed: 62%, Points required for next Level: 457
    Overall activity: 1.0%
    Achievements:
    SocialVeteran50000 Experience Points
    Newpublius's Avatar Senior Member
    Karma
    39140
    Join Date
    Mar 2013
    Location
    Boynton Beach, FL
    Posts
    7,313
    Points
    23,893
    Level
    37
    Thanks Given
    1,556
    Thanked 4,123x in 2,793 Posts
    Mentioned
    94 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Common View Post
    How are they cutting household budgets ? I believe household budgets were cut by the huge influx of illegal immigrants who worked for peanuts and kept wages in the toilet. Low wages, under employment and unemployment cut household budgets and lowered the quality of life for working america
    They're raising the ceiling from 118 - 127 which means about another 3k from me.

  2. #12
    Points: 173,946, Level: 99
    Level completed: 8%, Points required for next Level: 3,704
    Overall activity: 0.1%
    Achievements:
    Social50000 Experience PointsOverdriveRecommendation Second ClassVeteran
    Bo-4's Avatar Senior Member
    Karma
    295339
    Join Date
    Oct 2014
    Location
    N Oregon Coast
    Posts
    36,763
    Points
    173,946
    Level
    99
    Thanks Given
    11,535
    Thanked 10,310x in 8,305 Posts
    Mentioned
    669 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Common View Post
    Stop your nonsense and stay on topic
    Looked on topic to me - but as to your idea for stopping remittances?

    Good luck with that ;-)

    http://www.nbcnews.com/business/busi...o-work-n551211

  3. The Following User Says Thank You to Bo-4 For This Useful Post:

    exotix (02-26-2017)

  4. #13
    Points: 23,893, Level: 37
    Level completed: 62%, Points required for next Level: 457
    Overall activity: 1.0%
    Achievements:
    SocialVeteran50000 Experience Points
    Newpublius's Avatar Senior Member
    Karma
    39140
    Join Date
    Mar 2013
    Location
    Boynton Beach, FL
    Posts
    7,313
    Points
    23,893
    Level
    37
    Thanks Given
    1,556
    Thanked 4,123x in 2,793 Posts
    Mentioned
    94 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Bo-4 View Post
    Looked on topic to me - but as to your idea for stopping remittances?

    Good luck with that ;-)

    http://www.nbcnews.com/business/busi...o-work-n551211
    Remittances can be taxed.

  5. #14
    Original Ranter
    Points: 858,837, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 92.0%
    Achievements:
    SocialCreated Album picturesOverdrive50000 Experience PointsVeteran
    Awards:
    Posting Award
    Peter1469's Avatar Advisor
    Karma
    496507
    Join Date
    Jun 2011
    Location
    NOVA
    Posts
    241,624
    Points
    858,837
    Level
    100
    Thanks Given
    153,194
    Thanked 147,517x in 94,378 Posts
    Mentioned
    2552 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Bo-4 View Post
    Looked on topic to me - but as to your idea for stopping remittances?

    Good luck with that ;-)

    http://www.nbcnews.com/business/busi...o-work-n551211
    Skim off the top. We can even give them stickers that say I helped pay for the wall.
    ΜOΛΩΝ ΛΑΒΕ


  6. #15
    Points: 173,946, Level: 99
    Level completed: 8%, Points required for next Level: 3,704
    Overall activity: 0.1%
    Achievements:
    Social50000 Experience PointsOverdriveRecommendation Second ClassVeteran
    Bo-4's Avatar Senior Member
    Karma
    295339
    Join Date
    Oct 2014
    Location
    N Oregon Coast
    Posts
    36,763
    Points
    173,946
    Level
    99
    Thanks Given
    11,535
    Thanked 10,310x in 8,305 Posts
    Mentioned
    669 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Newpublius View Post
    Remittances can be taxed.
    Well yes, of course they CAN ...

    But hopefully you understand that Western Union is about one of a thousand ways to send money.

    How will you be tracking and taxing a PayPal payment going to a Hotmail, Google, or Yahoo email address?

    Sorry - won't fly in the Internet age.

  7. #16
    Points: 23,893, Level: 37
    Level completed: 62%, Points required for next Level: 457
    Overall activity: 1.0%
    Achievements:
    SocialVeteran50000 Experience Points
    Newpublius's Avatar Senior Member
    Karma
    39140
    Join Date
    Mar 2013
    Location
    Boynton Beach, FL
    Posts
    7,313
    Points
    23,893
    Level
    37
    Thanks Given
    1,556
    Thanked 4,123x in 2,793 Posts
    Mentioned
    94 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Bo-4 View Post
    Well yes, of course they CAN ...

    But hopefully you understand that Western Union is about one of a thousand ways to send money.

    How will you be tracking and taxing a PayPal payment going to a Hotmail, Google, or Yahoo email address?

    Sorry - won't fly in the Internet age.
    How DO they collect sales tax?

    For instance, I accept paypal and did you know Paypal sends me a 1099K which they report to the IRS every year. If that 1099 isn't reflected on my tax return, it night trigger an audit, though most likely a desk audit (people sometimes DO forget to enter some forms).

  8. #17
    Points: 173,946, Level: 99
    Level completed: 8%, Points required for next Level: 3,704
    Overall activity: 0.1%
    Achievements:
    Social50000 Experience PointsOverdriveRecommendation Second ClassVeteran
    Bo-4's Avatar Senior Member
    Karma
    295339
    Join Date
    Oct 2014
    Location
    N Oregon Coast
    Posts
    36,763
    Points
    173,946
    Level
    99
    Thanks Given
    11,535
    Thanked 10,310x in 8,305 Posts
    Mentioned
    669 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Newpublius View Post
    I am just curious when the ratio drops from where it is today to 1.9:1 will you be willing to put up 10k of the 90k you noted you made to maintain benefits? Social Security is a PAYGO system.
    There is no need for me to pay into FICA any more than i have been, but fine with me if you'd like to make some basic reforms, although coupons, tax credits and HSA's ain't gonna cut it.

    For everyone under the age of 50, not many would object to raising the age from 65/66 to 68 - as long as there was an exemption for physical laborers.

    Cutting the military budget by 1/3 to 1/2 where it should be won't happen under Trump or that would pay for it too.

    And cutting waste, fraud and abuse would assist even further.

  9. #18
    Points: 173,946, Level: 99
    Level completed: 8%, Points required for next Level: 3,704
    Overall activity: 0.1%
    Achievements:
    Social50000 Experience PointsOverdriveRecommendation Second ClassVeteran
    Bo-4's Avatar Senior Member
    Karma
    295339
    Join Date
    Oct 2014
    Location
    N Oregon Coast
    Posts
    36,763
    Points
    173,946
    Level
    99
    Thanks Given
    11,535
    Thanked 10,310x in 8,305 Posts
    Mentioned
    669 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Newpublius View Post
    How DO they collect sales tax?

    For instance, I accept paypal and did you know Paypal sends me a 1099K which they report to the IRS every year. If that 1099 isn't reflected on my tax return, it night trigger an audit, though most likely a desk audit (people sometimes DO forget to enter some forms).
    Not sure what triggers the 1099k you speak of, but i've been using PayPal off and on for years to pay telemarketers and never once got one.

    Perhaps there is a dollar amount trigger to a specific individual?
    Last edited by Bo-4; 02-26-2017 at 02:54 PM.

  10. #19
    Points: 23,893, Level: 37
    Level completed: 62%, Points required for next Level: 457
    Overall activity: 1.0%
    Achievements:
    SocialVeteran50000 Experience Points
    Newpublius's Avatar Senior Member
    Karma
    39140
    Join Date
    Mar 2013
    Location
    Boynton Beach, FL
    Posts
    7,313
    Points
    23,893
    Level
    37
    Thanks Given
    1,556
    Thanked 4,123x in 2,793 Posts
    Mentioned
    94 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Bo-4 View Post
    There is no need for me to pay into FICA any more than i have been, but fine with me if you'd like to make some basic reforms, although coupons, tax credits and HSA's ain't gonna cut it.

    For everyone under the age of 50, not many would object to raising the age from 65/66 to 68 - as long as there was an exemption for physical laborers.

    Cutting the military budget by 1/3 to 1/2 where it should be won't happen under Trump or that would pay for it too.

    And cutting waste, fraud and abuse would assist even further.
    Of course, it would never be you to pay. Other issues are other issues, I'd slash those too. Social Security and Medicare have separate line item contributuons. You favor raising the age?

    Great, that's cutting benefits. You just said you were in favor of not cutting them. Before recipient gets 2k per month, now....he gets $0. That's a cut.

    Right now to maintain benefits as the ratio of contributors to beneficiaries decreases, the contributions from the contributors must increase as a percentage of income.

    But not your income. NEVER yours.

    " as long as there was an exemption for physical laborers. "

    The exemption is not an exemption. Social Security includes long term disability program. So if the person "wears out" (and I really dislike using that term" -- they'd be eligible for long term disability at 65....or 67.....
    Last edited by Newpublius; 02-26-2017 at 02:40 PM.

  11. #20
    Points: 173,946, Level: 99
    Level completed: 8%, Points required for next Level: 3,704
    Overall activity: 0.1%
    Achievements:
    Social50000 Experience PointsOverdriveRecommendation Second ClassVeteran
    Bo-4's Avatar Senior Member
    Karma
    295339
    Join Date
    Oct 2014
    Location
    N Oregon Coast
    Posts
    36,763
    Points
    173,946
    Level
    99
    Thanks Given
    11,535
    Thanked 10,310x in 8,305 Posts
    Mentioned
    669 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Newpublius View Post
    Of course, it would never be you to pay. Other issues are other issues, I'd slash those too. Social Security and Medicare have separate line item contributuons. You favor raising the age?

    Great, that's cutting benefits. You just said you were in favor of not cutting them. Before recipient gets 2k per month, now....he gets $0. That's a cut.

    Right now to maintain benefits as the ratio of contributors to beneficiaries decreases, the contributions from the contributors must increase as a percentage of income.

    But not your income. NEVER yours.

    " as long as there was an exemption for physical laborers. "

    The exemption is not an exemption. Social Security includes long term disability program. So if the person "wears out" (and I really dislike using that term" -- they'd be eligible for long term disability at 65....or 67.....
    I would have to live to be 90 AND become very sickly to exceed what i've paid into FICA over the past 40 years. In six more years when i'm eligible for Medicare .. i'd have to live longer than that.

+ Reply to Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts