ok.
I looked and it says they have actually spent 353 billion dollars and recovered $2.12
For retiree’s on Social Security
- Thread starter Hawksfinal4
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I looked and it says they have actually spent 353 billion dollars and recovered $2.12
Oh sure, you keep telling yourself that. It’s going to go over really well for everyone. One month of no checks and those MAGAt’s will be storming the capital looking to hang VP trump. And president musk better go into hiding.
All we have heard from Bonespurs and President Musk are "fraud and waste".... "fraud and waste"... nice to see you already backtracking on the "fraud" part of it. Not at all suprising from the chaos administration. 😂😂
Thanks for admitting AGAIN you have zip, zilch, nada to back up your foolish statement. EXPOSED!! Maybe have a clue what you're talking about before you expose yourself to deserved ridicule. Slink away in embarassment cletus. 😂
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Why the fuc would i believe a word they say without PROOF, anyone can just makeup bullshit, and i have heard plenty on this thread.
Honesty is never an issue with honest people. This is why people like Oderific or whatever his handle echos Stupid TV rhetoric (since it's obviously not his original thought, typical braindead audience mentality) which resorts to passive attacks.
How much longer before the public loses its "love affair" with the administration and starts to rethink things?
You start taking things from people they've paid for/into and rely on, and things can go South very fast.
You right wingers don't like to hear this, but this country is flush with money. Someone needs to do an analysis of the millionaires made daily. Fine. The point is there are megafortunes being made all over the place and the society construct is not sharing it proportionality. The system is rigged for the wealthy to avoid sharing. It's not always been this way.
Now the IRS has been pared to the point its staffing is incapable of comprehensive audits. Makes the right wingers happy but how can we expect to collect revenue without the ability to audit. We run mammoth deficits when revenues are deficient and explain away with bullshit stats. We were nearly solvent until W. gave the surplus away and his bullshit Iraq war.
Raise taxes on the wealthy dammit. JFC. What would be piddling to them individually would be considerable collectively. They've skated long enough.
You start taking things from people they've paid for/into and rely on, and things can go South very fast.
You right wingers don't like to hear this, but this country is flush with money. Someone needs to do an analysis of the millionaires made daily. Fine. The point is there are megafortunes being made all over the place and the society construct is not sharing it proportionality. The system is rigged for the wealthy to avoid sharing. It's not always been this way.
Now the IRS has been pared to the point its staffing is incapable of comprehensive audits. Makes the right wingers happy but how can we expect to collect revenue without the ability to audit. We run mammoth deficits when revenues are deficient and explain away with bullshit stats. We were nearly solvent until W. gave the surplus away and his bullshit Iraq war.
Raise taxes on the wealthy dammit. JFC. What would be piddling to them individually would be considerable collectively. They've skated long enough.
In 1980 the wealthiest 1% of earners paid 19% of all federal income taxes.
In 2022 the top 1% paid 40.4% of all federal income taxes.
There was MAGA in `94. Wow.
There's always been MAGA mentality waiting for some Orange dick to flip the switch.
No, there were actuaries in 1994 who could tell you that SS was insolvent as structured.
https://www.ssa.gov/oact/TRSUM/historical/1994.pdf
They predicted trust fund exhaustion and the inability to pay claims in full by 2036.
More recent trust fund reports put that date at 2033 or ‘34, because since 2008 we had fewer than anticipated people paying in.
You think these fiscal realities are somehow related to Trump, because you’re a gullible moron.
I was told the same thing in 1984,.. Never planned on it.
Don't plan on it, we have quite a bit in retirement already and will probably hang it up after 60. But it will be nice to have when we do apply for it around 66 or so.
Which is why they need to eliminate the cap on taxes paid into it by high earners.
Social Security was in a worse position in the early 80s and they adjusted the system to keep it solvent. Reagan and Greenspan were involved in that, BTW.
In 1980 the wealthiest 1% of Americans earned 10% of all income
In 2022 the wealthiest 1% of Americans earned 22.5% of all income
In 1980 the wealthiest 1% paid an effective tax rate of 35%
In 2022 the wealthiest 1% paid an effective tax rate of 26%
The fact is, while we keep saying "we have a spending problem" effective tax rates have gone down significantly for every income group in the last 45 years.
You are conflating several things that have no real relationship. You might want to rethink your approach.
How about looking at federal spending as a percentage of GDP and tell us what the federal debt would be if federal spending was limited to 18% of GDP?
In 1980 the wealthiest 1% of Americans earned 10% of all income
In 2022 the wealthiest 1% of Americans earned 22.5% of all income
The ETR for the top 1% has gone down from 35% in 1980 to 26% in 2022.
I was responding to the note that the top 1% pay a higher percentage of our total tax revenue today that they did in 1980.
The parenthetical comment at the end simply points on the obvious - we are paying lower taxes today that we did forty years ago. That's not conflating anything, that is just objective fact. Computing it as a % of GDP is a lot more complicated and covers a lot of different issues such as expanding tax base. But the effective federal tax rate today is much lower today than 40 years ago across every income quintile.
Yet you conflated wealth with income. They are different. We don't currently have a wealth tax.
I responded to a set of statistics that mentioned the % of taxes paid by the "wealthiest 1%" by providing additional statistics to put that poster's numbers in perspective.
Yes, that poster used the term "wealthiest 1%" when he should have said "top 1% of wage earners", but I wasn't going to pick on the terminology. If you want to perform the translation of his and my posts in your head you are free to do so. But you're just disagreeing for the point of disagreeing. My point is valid and is a compelling rebuttal to the post to which I responded.
Again:
He mentioned that the top 1% of [wage earners] paid 19% of all federal income tax in 1980, but 40% in 2022. I put that in perspective by pointing out that the top 1% of [wage earners[ earned 10% of all income in 1980, but 22.5% of all income in 2022.
Do you understand the rebuttal?
1980 Feds collected 18.5% of GDP in taxes and spent 21.2%
In 2022 Feds collected 19.4% of GDP in taxes and spent 24.8%
In 2000 the Feds spent 17.7% of GDP.
In 2025 we have a spending problem.
NA , JUST BEEN collecting my Social Security INSURANCE checks the last 20 years. 2005- 2025. ARE YOU PISSED NOW. The cons have been lying to you forever.
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They are trying to destroy SS by making it nearly impossible to get help in person or on the phone. There is always a line of people at the SS office in Des Moines and I presume it will get worse as those from counties closing offices will have to go elsewhere.
