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Re: Social Security: What a Rip-off!
Quote:
Originally Posted by Pastor Poster
Social Security, what a rip-off!
It really bothers me that I am paying in to something I will never benefit from.
The latest estimates are that SS is at a deficit of over three TRILLION dollars.
Neither one of the presidential candidates wants to tackle real refom, so SS will go bankrupt - or we will need to lkeep raising taxes astronomically.
Current indications are that, for SS to stay solvent, the three tax brackets would neeed to be raised as follows.
Low income would be taxed at 25% of income.
Middle class would be taxed at 66% of income.
Wealthy would be taxed at 80% of income.
Insane!
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What is low, middle and wealthy? As in how much a year do you have to make to be in those categories?
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"Beware lest you lose the substance by grasping at the shadow." ~Aesop
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