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RE: Obama supports higher Social Security tax - 11/12/2007 9:56:29 AM   
popeye1250


Posts: 18104
Joined: 1/27/2006
From: New Hampshire
Status: offline 		Senator Abbadabba wants to raise taxes? No!
Both sides need to start working on the other side of the fence.
CUT SPENDING!
We shouldn't be spending more than we're taking in.
There is plenty of places in this lardened government to make cuts.
Mitt Romney's commercial said he'd audit the federal govt from top to bottom. That's what we need, a businessman in there to start cutting.

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RE: Obama supports higher Social Security tax - 11/12/2007 9:58:29 AM   
SimplyMichael


Posts: 7229
Joined: 1/7/2007
Status: offline 		Like the businessmen who ran Enron, or the CEO of Tyson?  Everyone in the Whitehouse have been "businessmen"...

We need competence and it can be found in many places...

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Profile   Post #: 22
RE: Obama supports higher Social Security tax - 11/12/2007 10:09:40 AM   
OrionTheWolf


Posts: 7803
Joined: 10/11/2006
Status: offline 		Here are some interesting figures and charts http://www.die.net/musings/national_debt/


quote:

ORIGINAL: mnottertail

'You do realize a huge amount of debt that our children will bear comes from the left.......'

cite that please, because everything I have cited and found shows the opposite is true. 



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RE: Obama supports higher Social Security tax - 11/12/2007 10:23:52 AM   
Level


Posts: 25145
Joined: 3/3/2006
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quote:

ORIGINAL: pahunkboy

quote:

ORIGINAL: Level

Okay, I'm going to go support the economy at the local chinese buffet....... be back soon.


LOL- cash or charge?


lol, cash

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RE: Obama supports higher Social Security tax - 11/12/2007 10:26:15 AM   
popeye1250


Posts: 18104
Joined: 1/27/2006
From: New Hampshire
Status: offline
quote:

ORIGINAL: SimplyMichael

Like the businessmen who ran Enron, or the CEO of Tyson?  Everyone in the Whitehouse have been "businessmen"...

We need competence and it can be found in many places...


Michael, yeah, you're right.
We'd be MUCH better off with a crooked lawyer.

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Profile   Post #: 25
RE: Obama supports higher Social Security tax - 11/12/2007 10:26:45 AM   
mnottertail


Posts: 60698
Joined: 11/3/2004
Status: offline 		Like Nixon?

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RE: Obama supports higher Social Security tax - 11/12/2007 10:32:48 AM   
popeye1250


Posts: 18104
Joined: 1/27/2006
From: New Hampshire
Status: offline 		Ron, I won't vote for anyone who went to "YALE" or any lawyers.

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RE: Obama supports higher Social Security tax - 11/12/2007 10:52:04 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline
quote:

ORIGINAL: Level

quote:

ORIGINAL: pahunkboy

quote:

ORIGINAL: Level

Okay, I'm going to go support the economy at the local chinese buffet....... be back soon.


LOL- cash or charge?


lol, cash


I love Chinese food! 

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Profile   Post #: 28
RE: Obama supports higher Social Security tax - 11/12/2007 1:08:42 PM   
Archer


Posts: 3207
Joined: 3/11/2005
Status: offline 		Real big problem with raising the Social Security Taxes.
Congress by law moves any excess payments above the current outlay of benifits over into the general fund and then spends it. Raise the tax now and it will simply be spent since tere is no actual account/lockbox/ storage of those funds.
It'll just end up as more debt we owe to the social security fiund from the general fund.

Unless and until they stop the mandartory purchase of US Treasury bonds with the excess money and using it to fund general operating expences I cant even start to support the idea of raising the social security taxes.

If as he said Obama really thought he should have paid more there was nothing stopping him from writting a check for the amount he thought was "his fair share" and sending it to the social security administration.
Since the headline didn't say he had done that it's all just rabble rousing class warfare empty feel good crap.

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RE: Obama supports higher Social Security tax - 11/12/2007 1:57:43 PM   
subfever


Posts: 2895
Joined: 5/22/2004
Status: offline
quote:

ORIGINAL: popeye1250

Mitt Romney's commercial said he'd audit the federal govt from top to bottom. That's what we need, a businessman in there to start cutting.


Do you really think so?

I think we need someone who tells the truth, and then endeavors to level the playing field.

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RE: Obama supports higher Social Security tax - 11/12/2007 2:02:33 PM   
subfever


Posts: 2895
Joined: 5/22/2004
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quote:

ORIGINAL: Archer

...it's all just rabble rousing class warfare empty feel good crap.


Indeed it is... just like much of what we hear along the campaign trail.

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Profile   Post #: 31
RE: Obama supports higher Social Security tax - 11/12/2007 2:07:01 PM   
popeye1250


Posts: 18104
Joined: 1/27/2006
From: New Hampshire
Status: offline 		Archer, you are correct!
There is no lock box for SS so it would just be spent.
I wonder if Abbadabba know's that?

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Profile   Post #: 32
RE: Obama supports higher Social Security tax - 11/12/2007 2:07:23 PM   
stef


Posts: 10215
Joined: 1/26/2004
Status: offline
quote:

ORIGINAL: subfever

I think we need someone who tells the truth, and then endeavors to level the playing field.

Come on now.  I'm sure that Mitt got all of that fibbing out of his system when he was governor of MA. 

~stef


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Profile   Post #: 33
RE: Obama supports higher Social Security tax - 11/12/2007 5:46:07 PM   
pinksugarsub


Posts: 1224
Status: offline 		What Obama is suggesting affects only those earning at or above the social security wage tax  limit.  Last i knew it was set at approximately $75,000 yearly.
 
There is a pension planning technique that allows an employer to 'contribute' to a pension plan at the social security tax rate, except that wages subject to tax are exempt from consideration when deciding how much to contribute for each employee.  The result is fat pensions for high wage earners and little or no pensions for lower wage earners (within some limits).
 
The social security tax is currently laid heaviest on those earning the least.  Because it is a flat rate without adjustments, a low wage earner loses a higher percent of income to this tax than a high wage earner. 
 
Generally i oppose the imposition of new or higher taxes, but this idea has merit in my opinion.
 
pinksugarsub

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Profile   Post #: 34
RE: Obama supports higher Social Security tax - 11/12/2007 6:05:21 PM   
MissLucrecia


Posts: 1
Joined: 11/11/2007
Status: offline 		Actually the social security wage base is a little over 90k as it is.  Soon there will be no limit as every year the wage base goes up about $3000.00 at minimum.  The limit on Medicare tax (1.45%) used to be 145k back in the early 90's.  Truely as it stands the rich folk are already paying the bulk of the social security and their employers are matching it.  For those of you that don't know, FICA is broken down to social security at 6.2% of taxable gross and medicare is 1.45% which give us the 7.65% we've all been subjected to since our first jobs.

Here is another train of thought:  How long will small businesses stay in business if their employer taxes continue to raise?  What will that do to our cost of living? If employer costs rise too high, they are forced to raise their prices, CUT JOBS, or go out of business. 

Now I don't know but it seems to me that if an employer has to cut jobs due to increasing taxes, doesn't that lower the taxable wages he is responsible for and therefore lowers the amount of tax actually given to the government? 

It's quite headspinning, we could go round and round but the truth is, the more we allow the government to have our money, the more they control our lives and impose THEIR values on us.  Liberal society isn't really liberal at all.  I say no more taxes.  I don't care if some politician's  girlfriend has to drive a Hundai instead of a Jaguar!  Put her butt on the freakin' buss!  Better yet, make her walk!

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Profile   Post #: 35
RE: Obama supports higher Social Security tax - 11/12/2007 6:11:57 PM   
Real0ne


Posts: 21189
Joined: 10/25/2004
Status: offline

ZZZzzzzz

Nothing new...  

Democrat = corporate welfare (+a little extra for the people)

republican = corporate welfare and higher prices

ron paul = fiscal responsibility




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Profile   Post #: 36
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