Published Authors

A place for budding and experienced authors to share ideas about publishing and marketing books
 
HomeHome  GalleryGallery  FAQFAQ  RegisterRegister  Log in  Featured MembersFeatured Members  ArticlesArticles  
Share | 
 

 New Social Security Reform-What they're planning-Shocking !

View previous topic View next topic Go down 
AuthorMessage
joefrank
Five Star Member
Five Star Member


Number of posts: 7145
Registration date: 2008-11-04
Age: 66
Location: Santa Fe, New Mexico, USA

PostSubject: New Social Security Reform-What they're planning-Shocking !   Wed Jul 27, 2011 9:27 pm

7/27/2011


Here's one reform their looking at hot and heavy " Social Security Reform"
Read on:

http://www.msnbc.msn.com/id/43912701/ns/business-eye_on_the_economy/


Cheers..Joe.... Very Happy
Back to top Go down
http://joseph-frank-baraba-artistwebsites.om
LC
Five Star Member
Five Star Member


Number of posts: 5036
Registration date: 2009-03-28

PostSubject: Re: New Social Security Reform-What they're planning-Shocking !   Wed Jul 27, 2011 9:31 pm

Looks like it's heading towards means testing. No surprise there.
Back to top Go down
joefrank
Five Star Member
Five Star Member


Number of posts: 7145
Registration date: 2008-11-04
Age: 66
Location: Santa Fe, New Mexico, USA

PostSubject: Re: New Social Security Reform-What they're planning-Shocking !   Wed Jul 27, 2011 9:37 pm

7/27/2011

I believe all income over 168,000 to several
million dollars should pay social security taxes.

Cheers..Joe
Back to top Go down
http://joseph-frank-baraba-artistwebsites.om
dkchristi
Five Star Member
Five Star Member


Number of posts: 7516
Registration date: 2008-12-30
Location: Florida

PostSubject: Re: New Social Security Reform-What they're planning-Shocking !   Wed Jul 27, 2011 9:40 pm

Means testing for social security makes sense to me. Those who complain the most about government programs are the first to claim their social security and medicare benefits - in spite of retirement incomes exceeding $one million a year (I know many of these people). Seems to me a good way to protest a benefit in which one does not believe is to not claim it.....

I also feel that all income from the least to the greatest should pay into the social security system. An arbitrary cut off makes no sense at all. So long as a person is earning income, that income should be taxed for social security. One never knows what the future holds. At least that type of payments system will make sure social security is there for those who need it.
Back to top Go down
http://www.dkchristi.webs.com
alj
Five Star Member
Five Star Member


Number of posts: 9324
Registration date: 2008-12-05
Age: 71
Location: San Antonio

PostSubject: Re: New Social Security Reform-What they're planning-Shocking !   Wed Jul 27, 2011 9:55 pm

Quote :
There’s widespread agreement that the program needs fixing.


Is there any argument there? That statement is hardly "shocking."



Quote :
...in the early stages of the budget battle, a series of proposals
surfaced that provide clues to what broad reform of Social Security
might look like.


Words like "proposals," "clues", and "might" seem more speculative than "hot and heavy," Joe. It's hard for me to get very concerned over this one.



Ann
Back to top Go down
http://www.annjoiner.com
joefrank
Five Star Member
Five Star Member


Number of posts: 7145
Registration date: 2008-11-04
Age: 66
Location: Santa Fe, New Mexico, USA

PostSubject: Re: New Social Security Reform-What they're planning-Shocking !   Wed Jul 27, 2011 11:19 pm

7/27/2011



I'm glad I was born way ahead of time, I've retired and I
paid my dues 45 years ! I feel sorry for the younger people
they won't be able to retire until 65 or 75 yrs of age and who
knows by then they'll raise the age again?


Cheers..Joe
Back to top Go down
http://joseph-frank-baraba-artistwebsites.om
dkchristi
Five Star Member
Five Star Member


Number of posts: 7516
Registration date: 2008-12-30
Location: Florida

PostSubject: Re: New Social Security Reform-What they're planning-Shocking !   Thu Jul 28, 2011 12:05 am

I paid into the SS system for 51 years. Most of those years my income went to the max taxed. I never went over enough not to pay the tax since they raised the limit faster than my income grew.

I never planned to retire on social security. I also saved into retirement plans most of my life. The market plunge destroyed my retirement income that was invested conservatively.

Social Security was not intended as the only retirement income. People still need to begin saving for retirement the first day of their employment. However, in my 20's a ski trip or a vacation seems more logical than saving - and that's why at least one forced plan is necessary to save us from ourself.
Back to top Go down
http://www.dkchristi.webs.com
joefrank
Five Star Member
Five Star Member


Number of posts: 7145
Registration date: 2008-11-04
Age: 66
Location: Santa Fe, New Mexico, USA

PostSubject: Re: New Social Security Reform-What they're planning-Shocking !   Thu Jul 28, 2011 12:17 am

7/27/2011


DK...

When your young, life is carefree...
You get wise when your older by then
it's too late !

Cheers..Joe
Back to top Go down
http://joseph-frank-baraba-artistwebsites.om
 

New Social Security Reform-What they're planning-Shocking !

View previous topic View next topic Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
Published Authors ::  :: -