| Re: "Humans 'very likely' making earth warmer" is wrong
no spam <no@spam.net> wrote:
>>> Fourth, there is no way the SS system will last much longer. When
>>> it reaches the point where you have just 2 or 3 workers to support
>>> one SS recipient AND welfare AND the rest of the other government
>>> expenses they will just say 'screw this'.
>>
>> Fortunately there are also self employed paying
>> into social security. There are a very large number
>> of people who do pay SS withholding taxes, but they
>> effectively contribute nothing because they get a tax
>> credit for having kids.
>
> My point still stands. The system can not be supported much longer. The drain will be just too
> much.
You fools have been claiming that for decades now. It carrys on regardless.
>>> There is already a fairly large 'under the
>>> table' and barter economy going out there that is not taxed now. How large
>>> do you thing its going to get when 50+% of wages are going to taxes?
>>
>> It is already 50+ for many people, for very successful
>> self employed, the tax rate is 33 percent on the amount over
>> a certain amount, and the self employment SS taxes are
>> 15.3 percent, plus local and state income tax and sales
>> tax on some things and real estate tax and personal
>> property tax.
>> And if they have employees, there is state and
>> federal unemployment tax, 7.65 percent SS contribution
>> on all of the employee earnings, plus workers compensation
>> taxes,
> True but when Joe Smuck can look at his pay stub and see he's only
> bring home $1 out of every $2 he's worked for I think things will change.
Have fun explaining why it didnt in europe when that happened.
And it wont get to that rate in the US anyway.
> For one thing if he's getting that big of a shaft
Wont happen, you watch.
> think how much the people you are talking about are getting.
Neither will that.
> They'll have to raise the top tax rate to 90% again.
Not a chance, you watch.
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