Why doesn't anyone ever mention that the reason earnings in excess of $160,000 are not subject to payroll taxes is because no Social Security benefits are paid on earnings in excess of $160,000?
— Jeff Bograd (@jeffbograd) February 23, 2023
Angry soycialist: https://x.com/RustBeltway/status/1628932828002934786?s=20
I appreciate all the thoughtful responses here. My contribution: frick you, Jeff.
Impotent sarcasm: https://x.com/TheHigherFriar/status/1628816073637208067?s=20
I'm sure people making that kind of money are really gonna need the SS benefits in retirement. Meanwhile, frick everyone else, they can work with their hands until they're 80 and their skin is worn off. Also, what's up with this bullshit that children can't work?! #LetThemToil
Here's a bonus centrist take that generated some sneeding: https://x.com/professorplum_/status/1628782120171884544?s=20
Feels like we need to raise or eliminate the cap but also raise the retirement age as Americans live for far longer than when the system was created
Seething poorcel: https://x.com/SueDickhead/status/1628789410597597185?s=20
Shut up butthole we don’t need to be forcing 70 year olds to fricking work in factories. rich people can simply pay their share
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I love watching wagies discuss taxes. Not a single one of them understands how it works outside of using TurboTax
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Yeah, none of them understand capital gains taxes either. It's surprising because they're probably the type who use Robinhood and they have to enter their losses from form 1099 into TurboTax every April.
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Average person's understanding of how their taxes are calculated:
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As a tax lawyer, people being too stupid to figure out how taxes work is my bread and butter
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You must be loaded by now. For something so easy , every tax lawyer I know makes a lot
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It's probably one of the most lucrative fields of law tbh
And most lawcels hate it because it's nerd shit
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I always thought it was #2 most lucrative.
Edit I tried to read two posts at once so misread. So hated —> lucrative
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So funny how you guys have these shitty schemes baked into your taxation process.
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This is literally the point of social security
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FDR: "We must not allow this type of insurance to become a dole through the mingling of insurance and relief. It is not charity. It must be financed by contributions, not taxes."
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Aren't these the same dopes that say we shouldn't be working over half our lives?
Also here is my hot take. I think you should be exempt from paying SS if you have an active 401k account you're putting into each year.
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Snapshots:
archive.org
ghostarchive.org
archive.ph (click to archive)
https://x.com/RustBeltway/status/1628932828002934786?s=20:
archive.org
ghostarchive.org
archive.ph (click to archive)
https://x.com/TheHigherFriar/status/1628816073637208067?s=20:
archive.org
ghostarchive.org
archive.ph (click to archive)
https://x.com/professorplum_/status/1628782120171884544?s=20:
archive.org
ghostarchive.org
archive.ph (click to archive)
https://x.com/SueDickhead/status/1628789410597597185?s=20:
archive.org
ghostarchive.org
archive.ph (click to archive)
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