OBamas Social Security Tax

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Obama wants payroll tax on incomes above $250,000 - Yahoo! News

The begining I like, SS tax on ALL income not just up to 102 Thousand a year.

I have not done the research, But I am certain this would at least Band Aid the Social Security problems, and give us much needed time to negotiate a long term plan.

However I dislike the middle where he says ..."people that make under $250,000 a year should not be effected by the increase"

In my opinion whether you make 20 K a year or 500K a year, your part should be no different than anyone elses.

Taxes are a Burden to be shared by all EQUALLY. Meaning IN my perfect world

I make 100 K... I pay 10% in taxes

You make 20 K you pay 10% in taxes

Our burden is Both 1 tenth of our income. we need to learn to live without that 1 tenth, ALL OF US.

Those who make more should NOT be punished with a higher tax rate because they make more money, and Those who make less should not be dicked out of the rich folks BREAKS.

These are simply my humble opinions I could be wrong.

Interested in your opinions.

UNLESS your opinion is BUSH SUCKS, or GOD IS GREAT

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@rugonnacry,

rugonnacry;57936 wrote:

Those who make more should NOT be punished with a higher tax rate because they make more money, and Those who make less should not be dicked out of the rich folks BREAKS.

The first half is how it is. The second is not. Unless you think a guy like me making a paltry 40K a year really needs massive capital gain and dividend breaks.

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@rugonnacry,

pssst I said

"and Those who make less should not be dicked out of the rich folks BREAKS."

Tax breaks for individuals because they make more = BAD
Tas BURDENS because one make s more = BAD

FLAT TAX = FTW

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@rugonnacry,

rugonnacry;57941 wrote:

pssst I said

"and Those who make less should not be dicked out of the rich folks BREAKS."

Tax breaks for individuals because they make more = BAD
Tas BURDENS because one make s more = BAD

FLAT TAX = FTW

"Should" and "are" happen to be two distinct worlds. We're not being "dicked out of" these breaks... they simply do not apply to us. Do capital gain breaks help you?

Either way I agree with your general idea. A flat tax percentage would be pretty decent, but Richie has to pay more literal dollars out of pocket than we commoners, and that makes him sad.

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@rugonnacry,

rugonnacry;57941 wrote:

pssst I said

"and Those who make less should not be dicked out of the rich folks BREAKS."

Tax breaks for individuals because they make more = BAD
Tas BURDENS because one make s more = BAD

FLAT TAX = FTW

Flat taxes are a bad idea, it would further divide the rich and the poor. That's the last thing we need.

0 Replies

@rugonnacry,

rugonnacry;57936 wrote:

Obama wants payroll tax on incomes above $250,000 - Yahoo! News

The begining I like, SS tax on ALL income not just up to 102 Thousand a year.

I have not done the research, But I am certain this would at least Band Aid the Social Security problems, and give us much needed time to negotiate a long term plan.

However I dislike the middle where he says ..."people that make under $250,000 a year should not be effected by the increase"

In my opinion whether you make 20 K a year or 500K a year, your part should be no different than anyone elses.

Taxes are a Burden to be shared by all EQUALLY. Meaning IN my perfect world

I make 100 K... I pay 10% in taxes

You make 20 K you pay 10% in taxes

Our burden is Both 1 tenth of our income. we need to learn to live without that 1 tenth, ALL OF US.

Those who make more should NOT be punished with a higher tax rate because they make more money, and Those who make less should not be dicked out of the rich folks BREAKS.

These are simply my humble opinions I could be wrong.

Interested in your opinions.

UNLESS your opinion is BUSH SUCKS, or GOD IS GREAT

I guess it depends on yur perspective;

I earn 500k a year why should I pay more % in tax than someone on less income than me.

I earn 20k why should i pay the same rate % of tax as some one who earns 25 times more money than i do.

Swings and roundabouts. Your ideas ring true, but 10% of some ones income on 20k means alot more to some one on 100k. some one on 100k is still gonna have roughly the same bils to pay, heating, electric, car, food. These are all relatively the same for everyone, after that their disposable income is their own. Not for someone on 20k, therefore the hardship is tougher. I personally think the more affluent who make more money from society should pay moer tax. Maybe if I were on 250k would feel different. In American $. I earnt $66,000 last year and a quate was swallowed up be NI and Income tax. I get free healthcare and and a state pension when I die plus all the usual amenties. so I am happy to pay the going rate.

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OBamas Social Security Tax

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