All tax, federal, state, county, city, sales, needs to be eliminated on anyone collecting social security and who’s annual income is less than like $60k per year
It seems (not an expert) that there is a cap on income to collect Social Security. Full benefit for a life long worker is around 20-25k per year. If you have an income from something else they will subsidize that income up to the threshold. i.e. If your retirement fund pays that much or more, you get nothing for what you paid in.
If I started withdrawing my SS now, 18 months shy of full retirement, it would be over $30K/year. At full retirement age, it will be about 12% higher (if it is still paying out in a year and a half)
SS is based on how much you contributed during your life, so if you live in a low income area all your life, and make typical salary for that area, you will receive less than someone who lived in a higher cost area, with presumably higher salaries. Another reason people leave NY when they retire :)
Or if you're a teacher. Most states set their teacher retirement programs up to not pay into SS (they set up a separate account controlled by the state), so very few teachers qualify for any SS at all.
All tax, federal, state, county, city, sales, needs to be eliminated on anyone collecting social security and who’s annual income is less than like $60k per year
How about killjng all those unconstitutional taxes
That would make everything less expensive, which would benefit everyone, especially the poor.
I've gotten into arguments with brain-dead liberals that raising taxes on fuel is a tax on the poor. They never understand.
I bet those same brain dead morons say the poor should just buy an electric car, right?
The ones I deal with now are slightly smarter than that, but I bet you are correct.
It would benefit almost everyone. It would NOT benefit the slave masters/cabal.
So the taxes stay. Pay up peasant.
True. But the only thing they should be concerned about is the cost of rope. We'll see....
Minimum wage is a tax on the business. 35 cents of every dollar they raise it goes to the gov.
Great idea! Plus, let’s make sue only American citizens get it. Is that too much to ask?
better make that 100,000 the way they are dropping the dollar coffee will cost 6,000
It seems (not an expert) that there is a cap on income to collect Social Security. Full benefit for a life long worker is around 20-25k per year. If you have an income from something else they will subsidize that income up to the threshold. i.e. If your retirement fund pays that much or more, you get nothing for what you paid in.
If I started withdrawing my SS now, 18 months shy of full retirement, it would be over $30K/year. At full retirement age, it will be about 12% higher (if it is still paying out in a year and a half)
Maybe its getting better with higher wages? I speak from a loved one retired for 25 years at max benifit.
SS is based on how much you contributed during your life, so if you live in a low income area all your life, and make typical salary for that area, you will receive less than someone who lived in a higher cost area, with presumably higher salaries. Another reason people leave NY when they retire :)
Or if you're a teacher. Most states set their teacher retirement programs up to not pay into SS (they set up a separate account controlled by the state), so very few teachers qualify for any SS at all.
If u are at full retirement u can work as much as you want.