This is part of Biden's Unrealized Capital Gains, strategy. I'm an hourly, and can not determine how much I earn except by working OT or not. I was expecting the clawback for my 22,000 Over cap (I owe 11K), but I wasn't expecting them to pro-rate this year and suspend for additional months.
I can quit working now and be around the cap, which would stop them automatically suspending me for this year, but still owe for last year. I can liquidate Assets and pay them for one or both years, but they don't charge interest so...
WTAF, they still take SS taxes from your pay, clawback half of earnings limit overages, and whatever you actually get from SSA is taxable as income.
It takes some severe criminals to figure out a way to tax a tax several times. GITMO can't be filled and emptied repeatedly fast enough.
Sure it can. In door, process, guilty, bullet, ashes, condolences card and vase. Quick and cheap Kek!
LOL.
They could pay off the national debt by selling pay-per-view.
I’d suggest removing ashes, condolence card and vase. Add pig farm for body waste removal, Done dirt cheap
With an ocean full of hungry critters and a bunch of prison barges afloat... I see no need for bullets, crematoriums or anything beyond a nice catapult and some chum attracting the big fish once they ....[THEY] have had their tribunals.
Well I was just thinking about these idiots innocent children that’ll have their lives and their own children’s lives destroyed over their parents blatant Cabal stupidity.
That sounds great, now if they will only do it!
Omg - my husband of 32 years died a little over two years ago— I filed as a single last year — live on social security except for $1950 from art work— had to pay $110 tax ( under $27000/year) yet many people who have never worked or paid into the system get more money than me and my peers who worked all their lives— WTH
This is why we need a full blown tax strike
Can I push the button?
Imagine what you’d have without their “help”.
I was a big fan of the weening off SS in favor of the privatizing plan that was popular among some people back 4 years ago. The premise was to privatize it by 2% a year so that after 50 years it would all be under our own control.
Kinda makes a flat-tax look attractive, doesn't it?
Nope.
Just as ugly.
Bidenomics
Social Stupidity
Good post. I’m eligible in 1 more year IF I start drawing at 62. I won’t due to the earnings limitations OR will see about putting earnings in the wife’s name where I can (self-employed).
Hopefully, Trump will have fixed it by then Fren
Thats why I am waiting until after Trump is back in.
Keep in mind you get whatever they take away trickled back to you with an increase. Something like .5% a month. for each month lost. 6% for losing a year...
Good advice. Can’t see retiring until 64 1/2 due to the dang health insurance costs that are astronomical. Thinking of hanging on till Medicare and supplement insurance. 🤷♂️🤬
I'm lucky to be on my wife's health insurance, so I only have Medicare part A which is free. Medicare Part B costs close to 200 bucks, plus you need a supplemental. Advantage is terrible, and GAP is expensive.
My wife and I pay $14,000 a year and still have to pay for contact lenses and when I go to the doctor (1 or 2 times a year) I get billed $400+ - fucking joke
Fucking medical anything is crazy high!
Yep, pretty much.
For anyone who still thinks that Social Security is some sort of a retirement plan ("but I paid MY money IN") ... this should drive home the point that it is NOT.
The money paid in is long ago spent in the general budget expenses.
The payments now are a welfare benefit, and the payout rules can be changed at ANY TIME.
FDR told the gullible public that it was a retirement plan, while his attorneys at the same time were arguing to the Supreme Court that it was a welfare plan (and, they said, therefore constitutional).
The "lockbox" that Al Gore promoted was a joke all along, and he and Clinton (and the RINO's) were probably having a good laugh over cocktails.
"Hey, Al ... LOCKBOX ... that was a good one! Haha."
Yup, we have been scammed over and over and asked for more...