pantannojack
US Veteran
After you factor inflation into the 16 years you did not contribute, I say you have the advantage.
The Windfall provision on social security to go away?
- Thread starter LVSteve
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After you factor inflation into the 16 years you did not contribute, I say you have the advantage.
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You wouldn't get benefits for your law enforcement salary.
Only for the money that was subject to SS.
So for guys like me that had years of working before LE and then after, not to mention the part time income that I paid SS on, it seems fair.
So I am only receiving benefits on money I paid in, which I believe I earned.
I would not be taking a free ride.
So rest easy Sistema I won't be taking anything from you the way my payments are going to pay you since I chose to serve society.
Only for the money that was subject to SS.
So for guys like me that had years of working before LE and then after, not to mention the part time income that I paid SS on, it seems fair.
So I am only receiving benefits on money I paid in, which I believe I earned.
I would not be taking a free ride.
So rest easy Sistema I won't be taking anything from you the way my payments are going to pay you since I chose to serve society.
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NOT THAT I SUPPORT ILLEGALS running phony SS numbers:
But, all those people I saw picking pick fruit and vegetables were really raking the system big time besides taking those jobs from citizens.
What about all those actual citizens in certain religious sects, that pay no taxes while living in communes and have no money or wages of their own and whose medical bills the government covers? Plus, they get food assistance to. Are they better than illegal? How about the "pastor" of a tax exempt mega church who lives in a mansion and has a private jet? Hallelujah
How about the "mom" with 5 kids all with different daddies, sucking up assistance, while daddy to be number 6 lives with her in subsidized housing. Bet that cost more a month than most get for the Social Security they earned.
Worse yet the nearly 2 million culls spread out between Federal and state prisons, city and county jails. They all suck up an average of $45,800 per head per year for their room and board and medical. Nobody gets that much SS
We have more money draining free loading "citizens" than we do illegals. But, right now those illegals are making way better political fodder than the rest of the rot.
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MTC(SS)Ret
US Veteran
I don't believe this affects the military, at least the "old" military retirement program that was in effect in my day, 1973-1993. Don't know how it worked since then.
All of my military base pay was subject to SS tax and counted toward my "credits".
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Steelslaver to clarify my removal of the "like" on your post because I am not one to unlike and run.
Some of your post I agree with but I don't have an issue funding prisons when it comes to housing those that harm others.
I also am not behind the first part but think it is your attempt at sarcasm. I also know there are plenty of legal immigrants here that hold positions that citizens think they are to good to perform.
You also failed to mention all the folks taking SS disability who are far from disabled. Not saying people don't deserve disability when they do, and as a person who was eligible but declined to take it, I understand.
But when I see people drawing, that claim to be disabled right up until they are 65 and then can do all kinds of physical activities. Or you are in a foot chase with some mope who claims to have a bad back, that irritates me to no end.
Especially when I lose half of what I earned paying into that system.
Some of your post I agree with but I don't have an issue funding prisons when it comes to housing those that harm others.
I also am not behind the first part but think it is your attempt at sarcasm. I also know there are plenty of legal immigrants here that hold positions that citizens think they are to good to perform.
You also failed to mention all the folks taking SS disability who are far from disabled. Not saying people don't deserve disability when they do, and as a person who was eligible but declined to take it, I understand.
But when I see people drawing, that claim to be disabled right up until they are 65 and then can do all kinds of physical activities. Or you are in a foot chase with some mope who claims to have a bad back, that irritates me to no end.
Especially when I lose half of what I earned paying into that system.
I have nothing against those who come and actually do work nobody else will. But we need to fix the system so that is possible and those who hire them are responsible for them. But then a lot of guys I worked with used to pick fruit and veggies as kids. Now not only would 99% of kids not do it, most parents would even think of asking therm too.
I have no use for anyone illegal or legal who just sucks off the system and has never done squat to actually help out. That includes the the vast majority of the 535 freeloaders in congress and their staff.
I also have nothing against locking criminals up, but in a whole lot of cases we should spent 6 cents or so on a 22 shell and save everyone a lot of time, money and trouble.
I also have no problem feeding a hungry kid, I do have a problem with feeding and housing some of their parents.
My wife did SS hearings as a side gig for a big firm for a while and got so much a head, win or lose, she hated it. Because most of the clients were kinda nuts. But, at least around here, the judges didn't give you squat unless you actually couldn't work. I kind of got the idea that getting SS disability isn't as easy as it once was. But, many of those who thought they should get it were for stuff that was laughable. Being a drunk, anti social, irresponsible, a druggy and the like won't qualify you. You also better come with some actual medical reports. If they got phony medical reports that is as much on a *** Dr as on them. If you are sat a licensed RN, but can't get along with people or fo some reason can't do that anymore for some reason but could still be a door man at Walmart you do not qualify for SS disability anymore.
My point was and still is we got way to many lice of all types sucking on the government teat, SS is just a part of it.
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Big butt momma who cranks out 10 kids by 10 baby-daddies is taking but not giving.
Not from SocSec unless baby daddies were 1) vested in SocSec, and 2) dead.
OP
LVSteve
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Indeed. Why are so many drifting off into welfare, which is entirely separate from SS?
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I think the connection is so many get funding they shouldn't that it takes from the big pot that could keep SS solvent and fair.
But I get your point on drifting and am back on point.
But I get your point on drifting and am back on point.
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In reality it all comes from the same pot and that pot is either filled by a tax on EARNED money. SS withholding, income, capital gains, whatever OR the money created by increased debt is a tax. That increase in funds due to debt especially over the last 17 years (not just the last 3) has lead us to the inflation we are seeing right now. You can't toss an additional 23 Trillion dollars in the money pool and expect to get any other result. That is an additional $77,000 per person and about $130,000 per actual tax payer. Every dime of your SS check or wage you make or have saved is being TAXED by that inflation. In addition, the ever increasing interest on the ever increasing debt, means less in the pot.
WEEEEEEEEEEEEEEE
WEEEEEEEEEEEEEEE
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Lots of misunderstanding of what WEP does. Eliminating the WEP would NOT result in paying people who haven't contributed. Simply put, WEP applies to people who HAVE paid into the system long enough to meet the threshold to qualify for benefits, but who (1) have paid in for less than 30 years AND (2) receive a pension from a job that was social security exempt. As LV Steve notes, the WEP formula involves a number of factors, but essentially applies a sliding scale reduction in benefits based on how much under the thirty-year contribution time is involved. So if you paid in for more than 30 years, your benefit isn't reduced. If, like me, you've paid in for 28 years on "substantial earnings" -- an inflation-adjusted number -- you'll receive a small reduction. If you've paid in for less than that, you get a bigger reduction, although the percentage of reduction remains the same for those contributing for under 20 years, and there's a cap to how much the reduction can be, currently just under $600 per month.
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And to be clear, income tax is very separately accounted from FICA & sel-employment (SocSec insurance) and Medicare insurance payments. These are not drawn from the larger pool of income taxes, although if Congress doesn't add revenue or reduce benefits, some general income taxes would have to be added in from 2034 through 2097; existing FICA, stc., will still cover 80% of all benefits through 2097.
.Trustees Report Summary
.Trustees Report Summary
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