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	Name:	water_watcher -
	Subject:	Social Security
	Date:	9/16/2008 4:51:26 PM

Help me out with something ...

Why is it that our elected officials in congress do not pay FICA and can have their own self directed pension fund, but when Bush proposed giving ALL americans that option for just a portion of their SS payments (and phased in based on age) ... the democrats in congress screamed that it would destroy SS.

Do you think it was because they like access to that money? Doesn't it make sense to have a fund for each person rather than a pool of money with no "earnings" like interest or dividends?

I am 52 years old. The govenernment can have all the money I have paid in ... just let me out.

But instead, Obama proposes to tax and even higher level of wages and still leave the rate the same. So let me get this, based on wanting to go back to 50% federal tax on high wage earners, plus 12% for SS & Medicare, plus 6-8% for most state taxes .... that is 68% of my earnings will be paid in taxes. Then I get to keep 32% of what I make and pay sales taxes on what I buy, and property taxes.

At very least if he plans to tax all wages, then lower the percentage ... that would even help the lower income earners. He just doesn't get it.

And all of these higher taxes will not hurt the economy? People have less to spend and less to invest. Oh yeah, that is a great economic policy and will really incent people to work harder to pay more taxes.

God help us !!!!

Other messages in this thread:

View Entire Thread

Social Security - water_watcher - 9/15/2008 5:32:06 PM

Social Security - MythBuster - 9/15/2008 5:58:54 PM

Social Security - water_watcher - 9/15/2008 8:22:15 PM

Social Security - Lady - 9/15/2008 9:20:57 PM

Social Security - water_watcher - 9/16/2008 4:51:26 PM

Social Security - Lady - 9/16/2008 5:29:34 PM

Average tax bill - Lady - 9/16/2008 5:38:24 PM

Average tax bill - AUCATZ - 9/16/2008 6:27:53 PM

Wrong Again - water_watcher - 9/16/2008 7:20:40 PM

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