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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (176920)1/13/2009 7:55:14 PM
From: orkriousRead Replies (2) | Respond to of 306849
 
,i. So, the guy making 500k/year is paying the same social security tax as someone making 102k. WTF? Protect the rich....give them lifeboats....forget the little guy.

you would have an argument if there were no cap on benefits, but the maximum benefit is the same for both people when they earn income at the top soc security tax bracket.

the guy who earns 500k get the same benefit as the guy who earns 110k (or whatever the cap is).



To: DebtBomb who wrote (176920)1/13/2009 8:30:28 PM
From: Lizzie TudorRespond to of 306849
 
the current people paying into SS, people my age and under will recieve 0% or negative benefits from SS, while the current retirees got Madoff-like returns of 12-15%.

No thanks, I can do better than 0% or negative returns with my money and everyone else can too. They need to shut it down.


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