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Friday, Aug 29, 2014
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PRAIRIE GROUCH  
GRAND PRAIRIE TX  
May 31, 2012 1:03pm
 
One Voice.......I pay taxes on a portion of my Social
Security but I could avoid them by making less money.
I also pay income tax on my military retirement pay
which I don't mind. I believe that all income should
be taxed which would enable each of us to maintain
a measure of self respect. Since you believe that a tax
(such as the national sales tax) where everyone pays would be a fair tax, I'm sure you agree.
During my working years, the social security tax
and taxes associated with it have increased 21 times.
In 1949, the maximum annual contribution was 30 dollars.
With the matching employer contribution this comes to
5 dollars per month. In 1969. the annual contribution
had increased to 374 dollars which matched with the
employer contribution resulted in a maximum contribution
of just over 62 dollars a month. It should be pointed
out that the above amounts are the maximum amount and
that everyone did not pay that much. So we have a large
portion of persons receiving social security benefit
(myself included) who did not contribute a fair amount
for their retirement. I have received over a quarter
of million dollars in social security checks which I
can assure you is in considerable excess of my
and my employers contributions. Of course people paying
the current rate will not be as lucky. Thank you Ponzi.
I'm just hoping no claw back is planned....LOL
     
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