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Re: Dems Target Private Retirement Accounts 

By: Zimbler0 in FFFT | Recommend this post (1)
Sun, 10 Nov 13 7:42 AM | 36 view(s)
Boardmark this board | Food For Further Thought 		Msg. 57623 of 65535
(This msg. is a reply to 57617 by oldCADuser)
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OCU> Also, those incomes which are currently exempt from withholding, such as dividends and carried interest, should also be used to compute Social Security taxes.


Ya Ain't too bright, is ya, OCU?
If you have a wife who is chronically overspending her
credit cards . . . the solution is NOT to give her
more credit cards.

Years back you was bragging about all the money you
was slamming into your IRA's and 401K's . . . while
simultaneously whining about the preferential tax
treatment of qualified dividends and long term
capital gains.

Now I figure you probably make twice what I make . . .
but I'm probably twice as smart. I'm smart enough to
take advantage of the advantageous tax rates currently
levied on qualified dividends and long term capital
gains.

Years from now, when you're withdrawing from your
IRA's and griping about how much the tax man taketh. . .

I'll be working combinations of 401K withdrawals
and selling stock at low low capital gains rates
carefully tailored to minimize my tax losses.

Here's something else you can whine and complain
about. I have some money in a municipal bond mutual
fund. Every month I enjoy a small check which is
federal tax free.

(And you be too stupid to realize you should be
taking advantage of those things.)

But the original subject was Social Security.
Seems like when S.S. is seen to be 'lavishly solvent',
'somebody' in the government 'finds' a new 'problem'
with which to use S.S.'s surplus to take care of.
Then, a few years later, S.S. has another funding
problem.

Finding new and ever more creative ways to steal
money to 'fund Social Security' only encourages
the lying thieving politicians to steal ever more
money out of it.

Zim.




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Mad Poet Strikes Again.

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The above is a reply to the following message:
Re: Dems Target Private Retirement Accounts
By: oldCADuser in FFFT
Sun, 10 Nov 13 6:02 AM 		Msg. 57617 of 65535

Rather then means testing, they should increase the ceiling on which wages are subject to payroll taxes. Also, those incomes which are currently exempt from withholding, such as dividends and carried interest, should also be used to compute Social Security taxes. It's bad enough that these sources of income are subject to a lower income tax rate, but they are, by definition (being considered as non-wages) totally exempt from payroll taxes. These changes alone would significantly increase the solvency and sustainability of Social Security. And if they were also subject to the taxes earmarked for Medicare, this would go along way to helping with funding issues there as well.


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