I can explain it to you but I can't understand it for you.
"Any man who thinks he can be happy and prosperous by letting the Government take care of him; better take a closer look at the American Indian." - Henry Ford
Corruptissima re publica plurimae leges; When the Republic is at its most corrupt the laws are most numerous. - Publius Cornelius Tacitus
And after 3 years of Obama, the people at Social Security say it will run out in 2033, 3 years fewer than the original forecast. (Denver Post)
Perfect! I will retire at 67, right when SS runs out.
But I am guessing, this will actually revise down before 2033.
Thomas Sowell: There are no solutions, just trade-offs.
SS will more than likely run out long before that.
bumper sticker - honk if you will pay my mortgage
"The problem with Socialism is that eventually you run out of other people's money." attributed to Margaret Thatcher
"A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned - this is the sum of good government." Thomas Jefferson
Did you see the latest one? The Democrats in the Senate want to increase the Medicare Tax - not to address the looming fiscal insolvency of Medicare mind you, but to keep the interest rate down on student loans.
PrintSmith wrote: Did you see the latest one? The Democrats in the Senate want to increase the Medicare Tax - not to address the looming fiscal insolvency of Medicare mind you, but to keep the interest rate down on student loans.
Yes I loved that...obviously pandering to a group of voters they see slipping away.
The left is angry because they are now being judged by the content of their character and not by the color of their skin.
To come up with a definition of "middle class," we ignored the top 20 percent and the bottom 20 percent and focused on the three segments of 20 percent each in the middle of the income distribution. We used the tax data for 2008 and for 2011.
To come up with a definition of "middle class," we ignored the top 20 percent and the bottom 20 percent and focused on the three segments of 20 percent each in the middle of the income distribution. We used the tax data for 2008 and for 2011.
So for each of the three middle quintiles, both the amount of tax paid and the effective tax rate paid declined.
What would have happened if the Bush tax cuts were allowed to expire? (which they will in 2013)
The study notes that, nationally, the typical middle-income family with a median income of $63,366, would see its federal income taxes go up by $1,540 if the Bush tax cuts are allowed to expire. This number is well below the magic "up to $200,000" spoken by Obama and his surrogates in the 2008 campaign as an income level that would be exempt from tax increases during his administration.
