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Bobby, Bobby,-------- I paid into Social Security starting when I was 15 years old on my first job tell I retired at 68. Now, your trying to tell me my SS checks are "subsidies" from the Government? ------- Think again!!!


Owens is right

You will most likely collect multiples of what you paid, and multiples of what you paid would have provided if it had been invested instead
 
Agreed 100%!!! ------ You don't think the Insurance Companies are laughing all the way to the Bank? Think about it. Under Obamacare, the Government has mandated that everyone, except the Congress, Fedral emploees, Union heads, etc., by law, have to buy their product! And those that can't afford their policies, the government will pay for!!! Adding millions, including Illegals, to their list of clients! Insuring the industry a huge windfall! ------ like I said, the Insurance companys love obamacare! ------- Like Palosi said "you have to pass it, to find out what's in it"! By the way, did you know, that if you sell your home, there will be a Fedral 3.7% tax added to closing costs to help pay for obamacare? ------ it's in there!



Mostly not true
MIXTURE OF TRUE AND FALSE INFORMATION:

FALSE: Health care legislation imposes a 3.8% tax on all home sales.

TRUE: Health care legislation imposes a 3.8% transaction tax on profits over the capital gains threshold.

Read more at http://www.snopes.com/politics/taxes/realestate.asp#DhFH5myPbE7cpB8g.99
 
Mostly not true
MIXTURE OF TRUE AND FALSE INFORMATION:

FALSE: Health care legislation imposes a 3.8% tax on all home sales.

TRUE: Health care legislation imposes a 3.8% transaction tax on profits over the capital gains threshold.

Read more at http://www.snopes.co...5myPbE7cpB8g.99
Old news Ifly! ----- No one knows all of what is in those 18,000 pages! But if it doesn't work out, he can blame it all on Bush! No one knows the full ramifications of this pig! Not you, or Bob, or even my, because no one read it before signing it into law! Don't you remember? ------ Who said? "You have to pass it, to find out what's in it!" -------- Oh yea! The then Democratic Speaker of the House! ----Nancy Palosi!!!! And let's remember, it passed without one single Republican vote, in either House, or Senate! ------- But I wouldn't worry about ObamaCare right now, this Country has a lot more to worry about at the moment thanks to the lack of Leadership from the White House!!!
 
You are the one that said there is a 3.7% tax on home sales

Added to closing costs



If its old news, and not true, why would you say it?
 
You are the one that said there is a 3.7% tax on home sales

Added to closing costs



If its old news, and not true, why would you say it?
So what's your point Ifly? I said I was wrong! ------The tax is 3.8%, not 3.7%!!! Now this may,or may not, effect you? But again, I'll state, when you have have a set of regulations 18,000+ ,and growing pages, the end result is unworkable.
 
Owens is right

You will most likely collect multiples of what you paid, and multiples of what you paid would have provided if it had been invested instead
Ifly, Again, what you, and Bob, don't seem to realize is I started paying into SS in 1957! I paid into it in 1957 Dollars, and paid into it for 53 years! Now I'm collecting SS in 2013 Dollars, which are worth a lot less.----- I retired at 68 years old, and am now in my 70's! ------ So let's face it man, how long do you think I'll be collecting it? ------- As for investing it, sure! Now where would I be after the 2008 crash? I, and a lot of people, lost enough in that one!
 
As a person in their late twenties, early thirties, you may not have yet learned that one of your main resources is "time"! You have time to recoup! Make up for looses! Restart! -------- But as you grow older, you start to realize that "resource" is in deed limited!---- If we were given the option to "invest", instead of contributing to SS, ( which we were not!) where do you do you feel the majority of those who have retired, and depend on that money to live on, would be after the Stock market Crash of 2008? ----- Assuming they all retired at the age of sixty five.
 
Ifly, Again, what you, and Bob, don't seem to realize is I started paying into SS in 1957! I paid into it in 1957 Dollars, and paid into it for 53 years! Now I'm collecting SS in 2013 Dollars, which are worth a lot less.----- I retired at 68 years old, and am now in my 70's! ------ So let's face it man, how long do you think I'll be collecting it? ------- As for investing it, sure! Now where would I be after the 2008 crash? I, and a lot of people, lost enough in that one!

Back in 1957 what was the rate? Around 2%? So lets say you were making $100/week back then, $2 per week you paid into it, and in addition to a Pension it also provided you disability Insurance, and Life Insurance that would provide some income to your family and kids if you died. (as an Aircraft Mechanic you probably only paid into it for 7 or 8 months per year back then as well.) Fortunately you didnt, bet they were covered. So you probably collected nearly the first ten years of contributions with your first SSI check, never mind the medicare. The rates were very low in the 50s, and gradually climbed in the late 70s and 80s. Like I said more than likely you have already collected many times what you paid in. Take care of yourself, I hope you collect many times what you already have but stop and think about your grandkids and where we have been heading as a society since Reagan and ask yourself, will they be able to afford the life you enjoy? Or will their wages continue to be depressed by greedy corporate managers who insist that double digits ROIs are the required minimum to be "competitive" while the fear machine works OT getting them to funnel ever larger shares of whats left into buying overpriced private insurance (and Lottery Tickets)?
 
Why put blame on a particular president or party? THEY ARE NO DIFFERENT!

The Democrats ruled the legislative branch from the 85th to the 96th congress!
http://www.infoplease.com/ipa/A0774721.html

In that time the rate went from 4% to 10.1%..
http://www.taxpolicycenter.org/taxfacts/Content/PDF/ssrate_historical.pdf

Reagan's term saw a less than 2% increase..

This ACA is the epitome of administrative law and the taxes have already started and will snowball in the future!

I have been called ignorant on this forum for not understanding this law and rightly so because it can morph into whatever the administrators need it to be...
 
AFL/CIO lose 40,000 Longshoremen, and look what happens! http://www.foxnews.com/politics/2013/09/11/afl-cio-steps-up-pressure-on-white-house-for-obamacare-changes/
 
http://m.ajc.com/news/ap/top-news/afl-cio-steps-up-criticism-of-health-care-law/nZtSJ/

http://abcnews.go.com/m/story?id=20229780&ref=http%3A%2F%2Fwww.bing.com%2Fsearch%2F%3Fq%3Dafl%2Bcio%26a%3Dresults%26MID%3D2500

What's your point??
 
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