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Re: Share your concerns about Social Security

3,250 Views
Message 41 of 306

NO COLA FOR THE THIRD TIME DURING THE PRESIDENCY OF THE ONE WHO IS SITTING IN THE OVAL OFFICE NOW - WITH HIS FEET UP ON OUR DESK !!   Vote very carefully in November, Seniors !

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Trusted Social Butterfly

Re: Share your fears about Social Security

3,279 Views
Message 42 of 306

ds11972849 wrote:

"...I heard some money saving loopholes will be closed at the end of this April in social securiy that could get seniors more money and benefits.I wonder if this is true and if I'm eligible....".


  Here's a link:   Your Money: The End of Social Security Loopholes: What ...


Just think. The world was built by the lowest bidder.
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Re: Share your fears about Social Security

3,267 Views
Message 43 of 306

I heard some money saving loopholes will be closed at the end of this April in social securiy that could get seniors more money and benefits.I wonder if this is true and if I'm eligible.

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Re: Share your concerns about Social Security

3,263 Views
Message 44 of 306

Are you under age 60? 

 

If you are age 60 or older,  you can re-marry,  and not lose your survivor's benefits from your deceased spouse.

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Re: Share your concerns about Social Security

3,303 Views
Message 45 of 306
If I get married would I loose my survival benefits
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Re: Share your fears about Social Security

3,270 Views
Message 46 of 306

It really irritates me when I hear these idiots in Congress say " raise social security taxes." That is the WRONG ANSWER. The CORRECT answer is "REMOVE THE CAP ON THE WAGES!!!"

   For instance, Michael Bloomberg made approximately $4 billion in each of these years: 2009, 2010, 2011, and 2012. But guess what, he only paid approximately $8400.00 in social security taxes each of these four years, due to the wage cap of approximately $123,000.00. This info on Bloomberg came from Forbes magazine in 2013. Now, if the wage cap was removed, he would have paid $286 million(7% of his income) per year into the Social Security Fund, leaving him $372 billion each of these four years. The Social Security percentage that Bloomberg paid on his yearly income was approximately 0.00021%.

   If the wage cap was removed, I don't think Social Security would ever go broke!!! Remember, President Linden Baines Johnson took all of the Social Security money out of its separate fund in 1964 and put it into the General Fund. That is another reason why Social Security is in dire straits.

  I urge all voters to write and/or call your Senators and Representatives to remove the Social Security cap on wages, NOT raise Social Security taxes. Also remember that Congress does not pay into Social Security. Also remember that when Senators and Representatives retire, they still get their salary of approximately $173,000.00 per year!!

   Maybe some economist could calculate how much money would go into the Social Security fund if the wage cap was removed on a yearly basis, based on all current wages. ALL Social Security money should be put back into its own separate fund, so it is not accessible to Congress!!!

 

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Valued Social Butterfly

Re: Share your concerns about Social Security

3,116 Views
Message 47 of 306

Reply to: wl8409

A person should know if the amount of social security withheld from their pay had tax payed on it or not.

Around my third year with the Fire Department I know there was a change in the laws and our SS, Retirement and Insurance was deducted before taxes were figured on the rest of our income.

 

Posted by,
cat0w
Texas (USA)

 

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Info Seeker

Re: Share your concerns about Social Security

3,105 Views
Message 48 of 306

What is the status of the repeal of the WEP and the GPO?  Both are unfair to public servants who have a pension and thus can not collect the full amount of SS they deserve...Is AARP working to address this issue.  If not, they should.  

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Re: Share your fears about Social Security

3,048 Views
Message 49 of 306
I am very concerned about what they based the no COLA raise on. From everything I have read & heard it's based on inflation (of gas). Well, gas may be down, everything else is up. Prices go up in the grocery stores from week to week! I'm barely hanging on.
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Re: Share your concerns about Social Security

3,062 Views
Message 50 of 306
Why is SS benefits taxed if your other pension income exceeds $50,000? The contributions to SS while u worked was taxed already, right? I'm sure matching contributions by your employer were taxed also. But if not, I should not pay more than 50% on my benefits. Sounds like double taxation to me.
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