The Epic American Credit and Bond Bubble Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Knighty Tin who wrote (24502)	1/12/2005 4:05:07 PM
From: Umunhum	Read Replies (3) of 110194

<I am still in favor of raising the maximum salary paying social security taxes to infinity.> I couldn't disagree more. Social Security is suppose to be a forced retirement program not welfare. In 2004 I had to pay $10,900 into this ponzi scam. I highly doubt I will ever see any of this money. Right now I'm paying 35% to the Fed, 9.3% to Arnold (State), 2.9% into Medicare, and you want remove the ceiling on SS so that would add another 12.4% - for a total of tax rate of 59.6%. That still doesn't count the 13k of property taxes I pay per year or the sales tax or the myriad of other taxes I pay. I would easily be paying 67% of my income in taxes. We're already getting to the point where I am considering moving out of this country.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next