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New Tax plan: why no cap in FICA earnings
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Feb 19, 2018 20:12:37   #
LWW Loc: Banana Republic of America
 
Back where the air is thick and the truth is told:

"America IS the 1%: You need just $34,000 annual income to be in the global elite... and HALF the world's richest people live in the U.S.
Global median salary is $1,225 ...



Read more: http://www.dailymail.co.uk/news/article-2082385/We-1--You-need-34k-income-global-elite--half-worlds-richest-live-U-S.html#ixzz57bfCXMqj
Follow us: @MailOnline on Twitter | DailyMail on Facebook

So practice what you preach my friend?

What's that?

You don't want YOU to pay for being the top 1%, you want SOMEONE ELSE to pay.

Leftist ideology cannot survive without the triad of greed, dishonesty and class warfare.

Thanks for making my point.

Reply
Feb 19, 2018 20:43:24   #
jcboy3
 
LWW wrote:
So should we increase their benefits which are also capped?

Or are you just preaching class warfare?


No to 1

Yes to 2

FICA is a regressive tax; make it a flat tax.

Benefits are capped. If you exceed the current max income, you are well off enough to save the big bucks for retirement.

Reply
Feb 19, 2018 20:47:46   #
thom w Loc: San Jose, CA
 
LWW wrote:
Back where the air is thick and the truth is told:

"America IS the 1%: You need just $34,000 annual income to be in the global elite... and HALF the world's richest people live in the U.S.
Global median salary is $1,225 ...



Read more: http://www.dailymail.co.uk/news/article-2082385/We-1--You-need-34k-income-global-elite--half-worlds-richest-live-U-S.html#ixzz57bfCXMqj
Follow us: @MailOnline on Twitter | DailyMail on Facebook

So practice what you preach my friend?

What's that?

You don't want YOU to pay for being the top 1%, you want SOMEONE ELSE to pay.

Leftist ideology cannot survive without the triad of greed, dishonesty and class warfare.

Thanks for making my point.
Back where the air is thick and the truth is told:... (show quote)


That might make sense if I were in one of those areas of the globe. My income must be looked at in the context of the cost of living where I am.

I didn't make your point. I think your hat may have been covering it earlier.

Reply
 
 
Feb 19, 2018 20:55:38   #
LWW Loc: Banana Republic of America
 
thom w wrote:
That might make sense if I were in one of those areas of the globe. My income must be looked at in the context of the cost of living where I am.

I didn't make your point. I think your hat may have been covering it earlier.


Balderdash and poppycock!

I pointed out your hypocrisy with the facts, deal with it.

BYW I assume you are on planet Earth.

Reply
Feb 19, 2018 20:58:10   #
thom w Loc: San Jose, CA
 
LWW wrote:
Balderdash and poppycock!

I pointed out your hypocrisy with the facts, deal with it.


You'll be gone in a while and someone else will take your place. They may be better. They are unlikely to be worse.

Reply
Feb 19, 2018 21:00:30   #
LWW Loc: Banana Republic of America
 
thom w wrote:
You'll be gone in a while and someone else will take your place. They may be better. They are unlikely to be worse.


OK, don’t deal with it ... nobody really thought you could be honest on the topic.

Reply
Feb 20, 2018 00:21:38   #
mwalsh Loc: Houston
 
LWW wrote:
Based upon what?

You are aware that if you have a household income of $40K/yr you are a 1%er?


LoL

Way to go LightWeightWarbler!

Did you maybe misplace a decimal?

Intentional obtuseness?

Reply
 
 
Feb 20, 2018 00:38:15   #
LWW Loc: Banana Republic of America
 
mwalsh wrote:
LoL

Way to go LightWeightWarbler!

Did you maybe misplace a decimal?

Intentional obtuseness?


Nope, intentional honesty ... perhaps that’s what confused you since there is so precious little of it on the left.

Reply
Feb 20, 2018 08:47:10   #
Frosty Loc: Minnesota
 
LWW wrote:
Nope, intentional honesty ... perhaps that’s what confused you since there is so precious little of it on the left.


Alternative facts.

Reply
Feb 20, 2018 09:17:12   #
LWW Loc: Banana Republic of America
 
Frosty wrote:
Alternative facts.


Then you should be able to prove it wrong ... yet you cant.

Reply
Feb 20, 2018 11:01:28   #
Frosty Loc: Minnesota
 
LWW wrote:
Then you should be able to prove it wrong ... yet you cant.


You haven't provided any evidence to demonstrate that a person making $40,000/year in the US is a 1% er. It is up you to prove it is more than your opinion.

Reply
 
 
Feb 20, 2018 12:09:47   #
Blurryeyed Loc: NC Mountains.
 
KGOldWolf wrote:
2017 wages’ earning cap is $127,200 at 7.65%. For years it’s been discussed the cap should be removed so the high earners continually pay this tax like lower wage earners do. Yet there’s been no mention about removing this regressive tax on the middle and lower class.

Meanwhile the new tax structure will now tax students seeking advanced degrees earning less that $30k will now be taxed on the value of their earnings plus the value of their tuition scholarship. The effect of this is to cause most of our best and brightest to drop out of STEM research PhD programs. This means our ability to keep up with scientific / societal advances of other countries will rapidly drop.

This very shortsighted and is a vivid example of protecting the rich and at the expense of the middle class.

It will be the likes of the Donald Jr. and Eric Trump protecting our research parity going forward because only the rich could afford the cost while our best and brightest are lost to our country’s future advances.

Thank you Paul Ryan for hurting our society’s future.
2017 wages’ earning cap is $127,200 at 7.65%. For... (show quote)


FICA Taxes were from the inception designed to be different than income tax, your protests of the "rich" not paying their fairshare is a bit misplaced... It is the government that has destroyed the integrity of the SS program.

Reply
Feb 20, 2018 12:26:08   #
boberic Loc: Quiet Corner, Connecticut. Ex long Islander
 
LWW wrote:
Based upon what?

You are aware that if you have a household income of $40K/yr you are a 1%er?


Actually the 1% is not based only on income, but net worth is the prime consideration. The liberals talk about millionairs and billionaires. Nobody earns 1 billion a year, and a very small percentage earn 1 million. Furthermore if you were to confiscate ALL of the millionaires and billionaires net worth, you would only ba able to run the government for about 5 months,

Reply
Feb 20, 2018 18:08:03   #
LWW Loc: Banana Republic of America
 
Frosty wrote:
You haven't provided any evidence to demonstrate that a person making $40,000/year in the US is a 1% er. It is up you to prove it is more than your opinion.


I never said in the US.

Stop lying.

Reply
Feb 20, 2018 18:10:28   #
McKinneyMike Loc: Texas
 
LWW wrote:
I never said in the US.

Stop lying.


You are really starting to sound an awful lot like Eyesore alter ego in drag.....

Reply
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