Our government threatening Socail Secutity payments "again"

Cheerios? Too expensive for me, I eat oatmeal, better than Cheerios and less expensive. Now-a-days I fortify it with fruit, berries, basil seeds, nuts and honey, but my health is more important than a few cents per day.

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Maybe they need to remove the earnings cap on Social Security, seems silly that Elon Musk is only paying into Social Security on $184,500 of his income a year. He is a Trillionaire he can afford to pay it.

That is not a rational reply to my post stating you should have created a rocket company. However, in reply to your non=sense post, that would do nothing to prevent his wealth, but would only increase it as his SSB is based on what he paid. The cap on taxes also caps what one can collect. As it is now, one recoups more than one pays in under normal life expectancy. How much more do you want him to earn? :rofl:

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It is a rational response, we are talking about Social Security running out of money, not who needs to make more money. The reason Social Security is running out of money is because the system was designed to only tax the middle class and below even though the Ultra Wealthy still get to collect on it. When you finally realize you live in a system that was designed to tax you to benefit those at the top you will understand.

Not in reference to your post I reponded to:

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Yes a man became a Trillionaire and will only be taxed into Social Security for his first $184,500 of his income. Which was a reference to look into why we are running out of money. The system was designed to only truly tax the middle class and below while the wealthy escape their responsibility but still benefit. I would become MAGA tomorrow if we moved to the tax rate we had when MAGA thinks this country was great.

I will politely assume you are not this stupid. SS taxes are only collected on wage income. Again, you did not address my original post concernig your crying about his wealth, which you still are. Furthermore, one is only taxed on net income after deductions and exemptions. I assume you are also aware of that. If not, please read the IRS tax code in its entirety before replying to me. You are a waste of time acting so stupid.

[edit] As an example of your stupidity, while working, my wife’s and my combined federal tacable income was about half of our gross income due to 401(k)s and a tax-deferred savings plan. Even the “poor” can get tax advantaged savings. That enabled me to retire at 60 and my wife at 59. I know you and the other leftists on this forum will assume I an “wealthy”, so go cry in the ocean, it will be as meaningless as crying here.

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So what you are saying is confirmation that a system was designed so only you and I pay into it, but those who who make the most don’t. I don’t think this conversation is going the way you intended. You are only confirming why the system is broken, not why I need to start a space company.

Only you and I pay into it? So you are this stupid. No, only wages are taxed by SS. You need to start a company so you can understand what owning a business means. He risked his entire fortune and succeeded. He, like all of us, pays taxes on his federal taxable income. He became wealthier than you because he tried harder than you. Just as I became wealthier than you for that same reason.

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So loopholes, ways that those at the top can avoid paying into a system that is capped at $184,500 which is clearly middle class. I only make a $145k a year but my entire income is taxed at 6.2% for Social Security. While Elon Musk will clearly be able to receive money from a system I paid into yet he skirted. And you don’t see the problem.

What “loopholes”? That is the tax code, no loophole. Again, if he was taxed on a larger income, he would collect SSB based on that larger income. What in this simple statement do you not understand? You want him to pay more so he can collect more? I thought you hated him being so wealthy, but you want him to be more so? And, yet again, SS taxes are only on wage income. His IPO is not wage income and he can only benefit from stocks by selling it or loans against it.

I have no problem with someone earning money on their work. Why do you?

The IPO made many of his employees millionaires, too, is that also bad? or just him?

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What amount of money is the limit one can have in you opinion? I hope it is at least as much as I have, as I worked and saved and invested to accumulate it.

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Oh sugar, bless your little heart. The tax code was written by those at the top to extract the most from those at the bottom. I am so happy every year when you pay your taxes you think you are equal to Elon Musk, you are not.

Because they are avoiding paying the taxes we pay.

I made a ton of money when my startup was purchased by Amazon, however I didn’t feel comfortable with how little I was taxed for that money. Call me a Patriot if you want, but I pay the highest tax rate annually by declaring 0 dependents and I write “gift” on the entire amount of my return. I live a comfortable life, I live on my income, my children will inherit nothing but possessions. Just like I will inherit nothing but possessions. But this changes nothing, the system is broken, it was designed to extract the most from those who have the least. And the only reason you don’t want to see change is you think someday you will be at the echelon of those who created the system. You maybe there today, I don’t know, this is the internet. But reality says you are not. I was lucky with a startup, I am about to be lucky again with another startup. I had dinner in New Orleans with Sally Ann Frank who is one of the heads of the Microsoft Unicorn Program a couple months back and she flat out said I was in an extremely rare position where lighting strikes twice because I was not involved in just one startup going huge but two. And I know the value I have contributed to society, in my first startup I helped kill buffering that plagued videos on the internet. Today I am helping cancer being spotted in radiology images when the human eye misses it. I don’t want tax breaks, I want those at the bottom to stop paying them. Call me whatever name you want, but in the end I want a system that works, that everyone benefits from and nobody skirts their responsibility. That is a fair society for me.

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A dead horse is only invoked by a person who doesn’t want to hear further arguments that may persuade them they are incorrect. The only time I use a dead horse is when I am clearly incorrect, this is not that time.

Equal, as in we are both citizens. It is amusing that you are now wealthy. If that were true, you’d not be crying about Musk being wealthy. Most people “at the bottom” do not pay federal income tax. You clearly do not understand the tax code and make false statements in an attempt to bolster your argument.

The dead horse analogy is based on trying to explain something to someone in various ways and that person either willfully, as in your case, refusing to understand and always changing the perameters of the argument to deflect and change the argument away from a losing position.

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People won’t take personal risks so that whiners can afford to stay home and be keyboard warriors.

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Same as the climate folks. When you ask " what day in history should we go back to and stay in forever?" Crickets…or foolishness highlighting how they know not what they argue…and waste your time on. .

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No one believes any of these things. lol If any were true, you wouldn’t be here. You wouldn’t be arguing these things. You’d be doing something of value. Nice try, though. What company was it?

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When is this tennis match over. :face_with_peeking_eye::tennis:

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