Social Security Gotcha
02-11-2012 | 09:18 PM
#41
With The Resistance
Joined: Jan 2006
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From: Burning the Agitprop of the Apparat
Let's try to avoid lame political idolization, and I think we will all just get along.
02-11-2012 | 09:36 PM
#42
Gets Weekends Off
Joined: Sep 2008
Posts: 406
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From: seated beer curl
Son
, let's follow your own advice. The fact remains, had you been true to your post, you would have intervened earlier.Also, just fly the plane.
02-11-2012 | 10:23 PM
#43
With The Resistance
Joined: Jan 2006
Posts: 6,191
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From: Burning the Agitprop of the Apparat
Some of us take the whole hook, line and sinker and just can't ever help the emotion. It is a tingle up the leg sort of reaction that just never quite meets the expectation or the reality. It is always amusing.
True to your Post? Please.
Just sling the gear son.
I would like to invite you to tell us about the future of SS according to the CBO, forget individuals; they will be long dead while our children will be stuck with the tab, just tell us about the accounting or shut up.
Last edited by jungle; 02-11-2012 at 10:57 PM.
02-12-2012 | 04:32 AM
#44
Gets Weekends Off
Joined: Nov 2006
Posts: 8,047
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From: 767 FO
Why arent left wingers proud of their roots?
Marxism:
the political, economic, and social principles and policies advocated by Marx; especially: a theory and practice of socialism + including the labor theory of value +, dialectical materialism X, the class struggle +, and dictatorship of the proletariat + until the establishment of a classless society +.
Do you have a different dictionary?
If you think of dialectical materialism as production will improve as the unions gain control of the means of production I guess we could give a plus there too.
Now that I think of it, I suppose red ought to represent the affirmative.
the political, economic, and social principles and policies advocated by Marx; especially: a theory and practice of socialism + including the labor theory of value +, dialectical materialism X, the class struggle +, and dictatorship of the proletariat + until the establishment of a classless society +.
Do you have a different dictionary?
If you think of dialectical materialism as production will improve as the unions gain control of the means of production I guess we could give a plus there too.
Now that I think of it, I suppose red ought to represent the affirmative.
Last edited by FDXLAG; 02-12-2012 at 04:52 AM.
02-12-2012 | 05:15 AM
#45
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Joined: Dec 2007
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From: Retired
I can't leave it at that...
The basic reason for the recapture is that the 2% break is only for money earned the first two months of the year. Soc. Sec withholdings are still stopped when the taxpayer reaches the $110,000 limit. Without the recapture, high income earners would possibly gain a tax advantage over those that do not earn over $110,000/yr.
Most easily explained by:
Taxpayer #1 earns $9167/mo. Jan - Feb he pays 4.2% = $770. Mar -Dec he pays 6.2% = $5684, for a yearly total of $6454.
Taxpayer #2 earns $55000/mo. Jan and Feb he pays 4.2% = $4620. Mar - Dec he pays nothing, for a yearly total of $4620.
So, the guy making $660,000/yr would be paying $1834 less than the guy making $110,000/yr. That of course, is a worst case scenario. But, I thought it would be easiest for the dittoheads to follow.
That's the reason. If they agree to a complete year of 4.2%. The recapture will be unnecessary.
The basic reason for the recapture is that the 2% break is only for money earned the first two months of the year. Soc. Sec withholdings are still stopped when the taxpayer reaches the $110,000 limit. Without the recapture, high income earners would possibly gain a tax advantage over those that do not earn over $110,000/yr.
Most easily explained by:
Taxpayer #1 earns $9167/mo. Jan - Feb he pays 4.2% = $770. Mar -Dec he pays 6.2% = $5684, for a yearly total of $6454.
Taxpayer #2 earns $55000/mo. Jan and Feb he pays 4.2% = $4620. Mar - Dec he pays nothing, for a yearly total of $4620.
So, the guy making $660,000/yr would be paying $1834 less than the guy making $110,000/yr. That of course, is a worst case scenario. But, I thought it would be easiest for the dittoheads to follow.
That's the reason. If they agree to a complete year of 4.2%. The recapture will be unnecessary.
Remember, for a lot of us at FedEx, the January paycheck included any draft or volunteer we flew over peak. If this 2% thing remains in effect even if they pass the extension, some of us will have a significant amount taxed at 6.2% rather than at the 4.2% rate. I am standing by and watching the elected officials in Washington on this one. Probably going to have to dig into the fine print because the media doesn't care about or report this tiny detail.
02-12-2012 | 05:18 AM
#46
Retired
Joined: Feb 2008
Posts: 3,527
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From: whale wrangler
For years this train has been coming down the track headed for a derailment and yet it's been put off and put off and at some point reckoning will have to come into play .
Makes me wonder what kind if any discussions in regards to SSI those who are entering or have been in the workforce for a while have been having with their parents .
Makes me wonder what kind if any discussions in regards to SSI those who are entering or have been in the workforce for a while have been having with their parents .
02-12-2012 | 05:27 AM
#47
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Joined: Jun 2007
Posts: 283
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From: Kickin it "C"old School in AK
What are you guys talking about? Don't you know Whitney Houston died? Do you live under a rock? Get your priorities straight.
02-12-2012 | 06:10 AM
#50
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Pretty sure Whitney Houston died of Marxism. That stuff is way addictive.
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