Liberal Forum

jerra » wrote:

01 Feb 1970, 11:27 pm

*Huey » 06 Aug 2025, 10:39 am » wrote: ↑

06 Aug 2025, 10:39 am

Yo should have suggested that to Biden when he was cutting it OR when he was a senator supporting this plan.

pure and simple.

Look, you were misinformed.  Get over it.

• you are misinformed.
•  
• ----------------------------------------------------
•  
• Proposed Plan: Biden's plan, originally outlined during his 2020 presidential campaign, proposed applying Social Security payroll taxes on earnings above $400,000 annually.
• "Donut Hole": Under this plan, there would be a gap where earnings immediately above the annual taxable maximum (which was $168,600 in 2024 and is $176,100 in 2025) up to $400,000 would continue to be exempt from Social Security taxes.
• Future Impact: Over time, because the annual taxable maximum wage is adjusted to keep pace with average wage growth, this "donut hole" between the cap and $400,000 would eventually close, making all earnings subject to Social Security taxes.
• Congressional Action (Social Security Fairness Act): Separately, President Biden signed the Social Security Fairness Act into law on January 5, 2025. This law repealed the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO), which had reduced or eliminated Social Security benefits for individuals who also received pensions from jobs not covered by Social Security (such as some public employees). This action resulted in increased Social Security benefits for millions of public workers and their families. 

In summary, while the Social Security taxable wage cap increased to $176,100 for 2025 as part of the normal annual adjustment, Biden's proposal has centered on adding Social Security taxes for earnings above a higher threshold ($400,000) rather than solely focusing on raising the standard wage base limit for all income. The Social Security Fairness Act addressed a different aspect of Social Security benefits for specific groups of beneficiaries. 
 

No problem.  I'll go with this.  Also, the 23% is explained in YOUR original link

• Biden's Stance and Actions:
  • President Biden has advocated for strengthening Social Security's finances by increasing payroll taxes on higher earners (those earning above $400,000).
  • In January 2025, President Biden signed the Social Security Fairness Act into law, which repeals the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO). These provisions previously reduced Social Security benefits for millions of public service workers and their spouses, including teachers, police officers, and firefighters. The repeal of these provisions is expected to increase Social Security benefits for roughly 2.8 million beneficiaries. 

jerra b » 05 Aug 2025, 2:28 pm » wrote: ↑

05 Aug 2025, 2:28 pm

The current budget proposed by the Republican Study Committee, which represents 80 percent of House Republicans, calls for $1.5 trillion in cuts to Social Security benefits over the next 10 years.  It would reduce benefits for seniors and raise the retirement age to 69, which would especially hurt low-income retirees.

Which is the lesser of two evils?

Republicans screwing Americans or humanity screwing every generation gap that arrive a great great grandchild since the dawn of civilization?

Reasonable doubt never saved anyone from socially manifested self deception in rule of law..

jerrab » 06 Aug 2025, 10:49 am » wrote: ↑

06 Aug 2025, 10:49 am

pray tell, what hardship will happen to people making over 300,000 a year?

Adding Social Security taxes to the Federal tax rate at those levels make it pretty punitive, up to 40%. Now pay all the other taxes on top of that.

Maybe not a hardship but would definitely suck for that group.


 

Blackvegetable » 05 Aug 2025, 6:49 pm » wrote: ↑

05 Aug 2025, 6:49 pm

What were Grifty and The Mitten paying in federal income tax, Bootspittle?

Rachel maddow released Trump’s taxes I watched that episode 

BuckNaked » 06 Aug 2025, 11:39 am » wrote: ↑

06 Aug 2025, 11:39 am

Rachel maddow released Trump’s taxes I watched that episode

Now that was funny...

She looked like an idiot 

jerrab » 05 Aug 2025, 5:06 pm » wrote: ↑

05 Aug 2025, 5:06 pm

Many Rich Americans Have Already Paid Their 2025 Social Security TaxesJanuary 2, 2025
In The News
Forbes: Many Rich Americans Have Already Paid Their 2025 Social Security TaxesShortly After Midnight On New Year’s Eve, 229 Americans Have Already Paid Their Social Security Tax

http://larson.house.gov/media-center/in ... rity-taxes

Eventually they will agree to pay more to keep the "Masses" calm and quiet while they gobble up everything else thats still left and take all that over.
 

Fuelman » 06 Aug 2025, 11:29 am » wrote: ↑

06 Aug 2025, 11:29 am

Adding Social Security taxes to the Federal tax rate at those levels make it pretty punitive, up to 40%. Now pay all the other taxes on top of that.

Maybe not a hardship but would definitely suck for that group.

full amount until 200,000 and 4 per cent until 300,000

-------------------------------

 Rates and contribution limits

• For employees: 6.2% of wages up to a certain limit (known as the contribution and benefit base or taxable maximum), with the employer matching this contribution, according to the Social Security Administration (.gov). In 2025, this limit is $176,100.
• For self-employed individuals: 12.4% of net self-employment earnings up to the taxable maximum ($176,100 in 2025). This is because self-employed individuals are responsible for paying both the employer and employee portions of the tax.

 

TwoIfByTea » 06 Aug 2025, 11:49 am » wrote: ↑

06 Aug 2025, 11:49 am

Eventually they will agree to pay more to keep the "Masses" calm and quiet while they gobble up everything else thats still left and take all that over.

maybe......

jerra b » 06 Aug 2025, 10:56 am » wrote: ↑

06 Aug 2025, 10:56 am

• you are misinformed.
•  
• ----------------------------------------------------
•  
• Proposed Plan: Biden's plan, originally outlined during his 2020 presidential campaign, proposed applying Social Security payroll taxes on earnings above $400,000 annually.
• "Donut Hole": Under this plan, there would be a gap where earnings immediately above the annual taxable maximum (which was $168,600 in 2024 and is $176,100 in 2025) up to $400,000 would continue to be exempt from Social Security taxes.
• Future Impact: Over time, because the annual taxable maximum wage is adjusted to keep pace with average wage growth, this "donut hole" between the cap and $400,000 would eventually close, making all earnings subject to Social Security taxes.
• Congressional Action (Social Security Fairness Act): Separately, President Biden signed the Social Security Fairness Act into law on January 5, 2025. This law repealed the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO), which had reduced or eliminated Social Security benefits for individuals who also received pensions from jobs not covered by Social Security (such as some public employees). This action resulted in increased Social Security benefits for millions of public workers and their families. 

In summary, while the Social Security taxable wage cap increased to $176,100 for 2025 as part of the normal annual adjustment, Biden's proposal has centered on adding Social Security taxes for earnings above a higher threshold ($400,000) rather than solely focusing on raising the standard wage base limit for all income. The Social Security Fairness Act addressed a different aspect of Social Security benefits for specific groups of beneficiaries. 

Where does all your intellectual academic contextual information lead ancestral lineages each generation gap alive daily here lived within this atmosphere one at a time in series parallel space each heartbeat achieved each generation throughout recorded history and current events combined so far?
Reasonable doubts cannot be proven or disproven factually regardless economics, political sciences, spiritual beliefs recorded last 7,000 revolutions the planet achieved into this rotation.

Self evident evolving each ancestor navigating time alive cradle to grave in their specific geographical, ancestral location daily here.

Raise or Eliminate the Social Security Tax Cap

turns Social Security into a welfare-style program rather than an earned-benefit system. The cap exists because benefits are also capped—removing it without adjusting benefits proportionally undermines the program’s contributory nature.
 

Increasing the Payroll Tax Rate

Raising the rate burdens younger and lower-income workers disproportionately. Social Security is already regressive in terms of taxation—this deepens that imbalance.

jerrab » 06 Aug 2025, 12:08 pm » wrote: ↑

06 Aug 2025, 12:08 pm

full amount until 200,000 and 4 per cent until 300,000

-------------------------------

 Rates and contribution limits

• For employees: 6.2% of wages up to a certain limit (known as the contribution and benefit base or taxable maximum), with the employer matching this contribution, according to the Social Security Administration (.gov). In 2025, this limit is $176,100.
• For self-employed individuals: 12.4% of net self-employment earnings up to the taxable maximum ($176,100 in 2025). This is because self-employed individuals are responsible for paying both the employer and employee portions of the tax.

A quick look at some data shows about 15% of households make $200k or more. Those individuals actually making the $200k or more will be a much smaller percentage. 

That top 15% already pays around 75% of Federal income tax revenue and puts plenty into SS.

It's not their fault that SS is screwed up. If everyone is so concerned about SS, everyone should be willing to pony up. Whatever that means, raise the contribution rate across the board, put more on the employer. There are a lot of options but that would actually take balls to try and change the system.



Distribution of household income U.S. 2023| Statista https://share.google/rE3wXWgf4cqaJfLdD


 

Fuelman » 06 Aug 2025, 1:50 pm » wrote: ↑

06 Aug 2025, 1:50 pm

A quick look at some data shows about 15% of households make $200k or more. Those individuals actually making the $200k or more will be a much smaller percentage. 

That top 15% already pays around 75% of Federal income tax revenue and puts plenty into SS.

It's not their fault that SS is screwed up. If everyone is so concerned about SS, everyone should be willing to pony up. Whatever that means, raise the contribution rate across the board, put more on the employer. There are a lot of options but that would actually take balls to try and change the system.

Distribution of household income U.S. 2023| Statista https://share.google/rE3wXWgf4cqaJfLdD

the  republican plan.

- reduce benefits. to people now getting less than 1800 it will mean less money for lights, medicine, rent and oh food.

 -increase the retirement age to 68.

the problems don't need explanation except that some may be homeless or without gas or electricity.

now those are hardships.
 
 

Fuelman » 06 Aug 2025, 1:50 pm » wrote: ↑

06 Aug 2025, 1:50 pm

A quick look at some data shows about 15% of households make $200k or more. Those individuals actually making the $200k or more will be a much smaller percentage. 

That top 15% already pays around 75% of Federal income tax revenue and puts plenty into SS.

It's not their fault that SS is screwed up. If everyone is so concerned about SS, everyone should be willing to pony up. Whatever that means, raise the contribution rate across the board, put more on the employer. There are a lot of options but that would actually take balls to try and change the system.

Distribution of household income U.S. 2023| Statista https://share.google/rE3wXWgf4cqaJfLdD

oh please don't make me feel sorry for elon musk.
----------------------------------------------

Elon Musk, the CEO of Tesla and SpaceX, remains the world's richest person, though his net worth has fluctuated significantly in recent times. As of August 5, 2025, his net worth is estimated at $357 billion, according to Bloomberg Billionaires Index. This figure represents a decrease of $75 billion from the end of 2024. Despite this decline, Musk's wealth still surpasses that of other billionaires like Mark Zuckerberg and Jeff Bezos. 

jerrab » 06 Aug 2025, 2:17 pm » wrote: ↑

06 Aug 2025, 2:17 pm

oh please don't make me feel sorry for elon musk.
----------------------------------------------

Elon Musk, the CEO of Tesla and SpaceX, remains the world's richest person, though his net worth has fluctuated significantly in recent times. As of August 5, 2025, his net worth is estimated at $357 billion, according to Bloomberg Billionaires Index. This figure represents a decrease of $75 billion from the end of 2024. Despite this decline, Musk's wealth still surpasses that of other billionaires like Mark Zuckerberg and Jeff Bezos.

The group making $200-300k are not Elon, they are my neighbors.
 

jerrab » 06 Aug 2025, 2:07 pm » wrote: ↑

06 Aug 2025, 2:07 pm

the  republican plan.

- reduce benefits. to people now getting less than 1800
 

What exactly do you mean by "reduce benefits" for people already collecting. 
I must have missed something.
 

Fuelman » 06 Aug 2025, 2:39 pm » wrote: ↑

06 Aug 2025, 2:39 pm

What exactly do you mean by "reduce benefits" for people already collecting. 
I must have missed something.

the republican plan

Fuelman » 06 Aug 2025, 2:32 pm » wrote: ↑

06 Aug 2025, 2:32 pm

The group making $200-300k are not Elon, they are my neighbors.

35,000,000,000

Fuelman » 06 Aug 2025, 2:32 pm » wrote: ↑

06 Aug 2025, 2:32 pm

The group making $200-300k are not Elon, they are my neighbors.

and  musk does  not pay anymore than them in social security taxes.

is that fair?

jerrab » 06 Aug 2025, 2:58 pm » wrote: ↑

06 Aug 2025, 2:58 pm

and  musk does  not pay anymore than them in social security taxes.

is that fair?

With 110,000 employees, he pays plenty into SS.

Him personally? He probably pays self employment payroll taxes, to what degree I have no idea.

Edited for more accuracy.