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Biden Tax Plan #8016007 10/19/20 08:32 PM
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Re: Biden Tax Plan [Re: GHale] #8016047 10/19/20 09:00 PM
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I my wildest dreams.


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Re: Biden Tax Plan [Re: GHale] #8016059 10/19/20 09:10 PM
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This section is where I read the funny stuff and get a much needed chuckle... Now I'm just pissed off! True though.


Originally Posted by cody
I've never been a fan of having something on fire in my pocket.
Re: Biden Tax Plan [Re: TSU99] #8016071 10/19/20 09:24 PM
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Originally Posted by TSU99
This section is where I read the funny stuff and get a much needed chuckle... Now I'm just pissed off! True though.


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Re: Biden Tax Plan [Re: GHale] #8016127 10/19/20 10:30 PM
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Re: Biden Tax Plan [Re: GHale] #8017254 10/20/20 09:26 PM
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This was under Reagan's era, it was joint bipartisan vote 88 of the Senators voted for the Bill, 9 voted against. Rushed through Congress it was then sent to the House where it also passed with flying colors, 243 to 102. Reagan then signed it.


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Re: Biden Tax Plan [Re: GHale] #8017558 10/21/20 01:33 AM
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This needs to be repealed, a tax on money that was already taxed. Sorry POS's everyone of them. Then again they raided the SSA account to pay for the Vietnam war so nothing new from those clowns in DC.


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Re: Biden Tax Plan [Re: 22Mules] #8018035 10/21/20 03:55 PM
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Originally Posted by 22Mules
This needs to be repealed, a tax on money that was already taxed. Sorry POS's everyone of them. Then again they raided the SSA account to pay for the Vietnam war so nothing new from those clowns in DC.


Actually Social Security 'contributions' haven't been previously taxed. They're deducted from paychecks, and not included in the amount on which income tax is due.

Not that I like the idea that they're taxed upon payment, but it's not double taxation.


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Re: Biden Tax Plan [Re: der Teufel] #8021891 10/24/20 11:52 AM
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Originally Posted by der Teufel
Originally Posted by 22Mules
This needs to be repealed, a tax on money that was already taxed. Sorry POS's everyone of them. Then again they raided the SSA account to pay for the Vietnam war so nothing new from those clowns in DC.


Actually Social Security 'contributions' haven't been previously taxed. They're deducted from paychecks, and not included in the amount on which income tax is due.

Not that I like the idea that they're taxed upon payment, but it's not double taxation.


Just a note here. If you are self employed, you pay 15.3 self employment tax rather than medicare and SS taxes.
You are allowed to deduct only half of that amount from income.

85% of SS benefits are taxable when you reach a threshold. That threshold does put the this tax burden on the blue collared middle class. As the middle class is eleminated, this government income stream will be run dry.


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Re: Biden Tax Plan [Re: TSU99] #8021950 10/24/20 01:08 PM
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Originally Posted by TSU99
This section is where I read the funny stuff and get a much needed chuckle... Now I'm just pissed off! True though.

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