RE: GOP introduces plan to massively cut Social Security (Full Version)

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vincentML -> RE: GOP introduces plan to massively cut Social Security (12/12/2016 1:16:24 PM)


quote:

ORIGINAL: tamaka

I think that one thing they should probably get rid of is the spousal support part of social security. Each person should have to work and earn it for themselves.

After we start providing day care for the children maybe. In the meanwhile, yeah, let's punish moms for rejecting fast food jobs. Great idea.

[8|]




tamaka -> RE: GOP introduces plan to massively cut Social Security (12/12/2016 2:16:37 PM)


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ORIGINAL: vincentML


quote:

ORIGINAL: Lucylastic


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ORIGINAL: ManOeuvre


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ORIGINAL: Lucylastic


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ORIGINAL: ManOeuvre


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ORIGINAL: Lucylastic

For most workers, the bill would cut Social Security benefits substantially. As Michael Linden, associate director for tax and budget policy at Center for American Progress, pointed out on Twitter, a letter from Social Security’s Office of the Actuary calculated workers making around $50,000 would see checks shrink by between 11% and 35%.



I'm sorry for quoting such a small chunk of your original text, Ms. Lastic, but I don't understand what's being said here. Is the assertion that workers who are earning around $50,000 per year will see their paycheques shrink? Or are people who earn $50,000 on the receiving end of some social security renumeration of some kind, and that is what will be shrunk by 11 to 35 percent?

pls just call me Lucy...:)
From what I understand they would see their ss checks decrease


Thanks Lucy, for clarifying. My next question is a little more general: why are people who earn 50k collecting benefits?


dunno the answer to that one ....apart from its apparent there is no means testing.


There is means testing, Lucy. When a retiree earns X amt of dollars his social security is likewise reduced. No one EARNING $50K is collecting SS.


I think you're wrong about that. Once you reach retirement age you can earn any amount of money and it doesn't affect your social security.

https://www.ssa.gov/planners/retire/whileworking.html




Musicmystery -> RE: GOP introduces plan to massively cut Social Security (12/12/2016 3:21:20 PM)

tamaka is partly right. If you retire at the early age, there's a reduction, but once reaching the upper age (not sure which one -- you can look it up), there's no reduction.




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