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Re: Repealing the Social Security Windfall Elimination Provision And Pension Offset 2017 Legislation
Just like Congress to keep a problem, instead of fixing it. No indexing fro inflation is just a hidden tax increase. It is obvious by them presenting these bills. So, in about 5 - 10 years, again people will get a hidden tax. Meanwhile, they cut taxe...
0
Replies
0
Kudos
21391
Views
Re: Repealing the Social Security Windfall Elimination Provision And Pension Offset 2017 Legislation
One only needs 30 years of "substantial income", to avoid WEP, not 35, if you have worked in a non-Social Security paying job. Your idea is a good one, with one minor flaw, one would have to pay 12.4%, not 6.2%, because you would have to pay both the...
1
Reply
0
Kudos
21414
Views
Re: Repealing the Social Security Windfall Elimination Provision And Pension Offset 2017 Legislation
Let's hope the next bill they come up with, raises the maximum taxation threshold, on combined Social Security and Pension/IRA distributions, from the current threshold of $25,000/year (single). Above that, a person is subject to taxes on their Socia...
1
Reply
0
Kudos
20257
Views
Re: Repealing the Social Security Windfall Elimination Provision And Pension Offset 2017 Legislation
In my personal case, I worked 7 years at state jobs, and 29 years of "substantial income", with Social Security, plus 5 or so years of less than substantial income, and 5 years of unemployment. I cashed out the pension, many years ago, because I was ...
0
Replies
0
Kudos
16695
Views
Re: Repealing the Social Security Windfall Elimination Provision And Pension Offset 2017 Legislation
Most people, in this day and age are lucky if the can work 35 years in their careers, thanks to constant recessions, lay offs, staff reductions, off shoring and out sourcing. The WEP does not kick in, if you worked 30 years. paid into Social Security...
1
Reply
0
Kudos
12955
Views
Re: Repealing the Social Security Windfall Elimination Provision And Pension Offset 2017 Legislation
Just like Congress to keep a problem, instead of fixing it. No indexing fro inflation is just a hidden tax increase. It is obvious by them presenting these bills. So, in about 5 - 10 years, again people will get a hidden tax. Meanwhile, they cut taxe...
0
Replies
0
Kudos
21391
Views
Re: Repealing the Social Security Windfall Elimination Provision And Pension Offset 2017 Legislation
One only needs 30 years of "substantial income", to avoid WEP, not 35, if you have worked in a non-Social Security paying job. Your idea is a good one, with one minor flaw, one would have to pay 12.4%, not 6.2%, because you would have to pay both the...
1
Reply
0
Kudos
21414
Views
Re: Repealing the Social Security Windfall Elimination Provision And Pension Offset 2017 Legislation
Let's hope the next bill they come up with, raises the maximum taxation threshold, on combined Social Security and Pension/IRA distributions, from the current threshold of $25,000/year (single). Above that, a person is subject to taxes on their Socia...
1
Reply
0
Kudos
20257
Views
Re: Repealing the Social Security Windfall Elimination Provision And Pension Offset 2017 Legislation
In my personal case, I worked 7 years at state jobs, and 29 years of "substantial income", with Social Security, plus 5 or so years of less than substantial income, and 5 years of unemployment. I cashed out the pension, many years ago, because I was ...
0
Replies
0
Kudos
16695
Views
Re: Repealing the Social Security Windfall Elimination Provision And Pension Offset 2017 Legislation
Most people, in this day and age are lucky if the can work 35 years in their careers, thanks to constant recessions, lay offs, staff reductions, off shoring and out sourcing. The WEP does not kick in, if you worked 30 years. paid into Social Security...
1
Reply
0
Kudos
12955
Views
Re: Repealing the Social Security Windfall Elimination Provision And Pension Offset 2017 Legislation
Just like Congress to keep a problem, instead of fixing it. No indexing fro inflation is just a hidden tax increase. It is obvious by them presenting these bills. So, in about 5 - 10 years, again people will get a hidden tax. Meanwhile, they cut taxe...
0
Replies
0
Kudos
21391
Views
Re: Repealing the Social Security Windfall Elimination Provision And Pension Offset 2017 Legislation
One only needs 30 years of "substantial income", to avoid WEP, not 35, if you have worked in a non-Social Security paying job. Your idea is a good one, with one minor flaw, one would have to pay 12.4%, not 6.2%, because you would have to pay both the...
1
Reply
0
Kudos
21414
Views
Re: Repealing the Social Security Windfall Elimination Provision And Pension Offset 2017 Legislation
Let's hope the next bill they come up with, raises the maximum taxation threshold, on combined Social Security and Pension/IRA distributions, from the current threshold of $25,000/year (single). Above that, a person is subject to taxes on their Socia...
1
Reply
0
Kudos
20257
Views
Re: Repealing the Social Security Windfall Elimination Provision And Pension Offset 2017 Legislation
In my personal case, I worked 7 years at state jobs, and 29 years of "substantial income", with Social Security, plus 5 or so years of less than substantial income, and 5 years of unemployment. I cashed out the pension, many years ago, because I was ...
0
Replies
0
Kudos
16695
Views
Re: Repealing the Social Security Windfall Elimination Provision And Pension Offset 2017 Legislation
Most people, in this day and age are lucky if the can work 35 years in their careers, thanks to constant recessions, lay offs, staff reductions, off shoring and out sourcing. The WEP does not kick in, if you worked 30 years. paid into Social Security...
1
Reply
0
Kudos
12955
Views
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Date Registered | 05-15-2015 06:55 PM |
Last Visited | 12-28-2020 11:51 AM |
Total Messages Posted | 9 |