Obamacare Rates Jump 51%

[scagnt83]

We are required to contribute 12.4% of our income to social security. I simply asked you how is a person to do that?

Put excess income into a Defined Benefits plan is about the only way. Of course that does nothing for the income you need to live off of. The wealthy who have significant assets they can use and dont need their current income can do this very effectively... they can use investment income/assets to live on and just defer their business income. People who actually need their paycheck... or non-business owners... they are screwed.

 

[LGilmore]

"He has no choice."


Too bad. We invade other countries and bomb the s hite out of them. My tax dollars are used for that. I really don't like that.

Part of living here is some things we do su ck and some things don't. I don't mind SS because it helps the elderly survive in many cases.

Sorry guys, my liberal bent about this comes from watching mill worker widows having to buy cat food to eat because they had so little to live on.
I used to bag their groceries, worked in a place that handled 40% food stamps on the day in transactions. NOT every poor person is a deadbeat.

So if that makes me liberal, not wanting a bunch of old women forced into the streets to fend for themselves, well guilty as charged. Call me what you want, like it's "supposed" to make me feel bad.

You know what makes me feel bad? was at 16 asking an old lady what kind of cat she had and watching her turn red faced from embarrassment. Then the checker elbowed me in the ribs.

So again what's your guys alternatives? edit: And would it work for the majority of people in this country, or just you?

Be honest, when you cite individual investment as an alternative, how many people do that well? Why do we exist? because most people don't know how to insure or invest for themselves. So expecting the bulk of the American population to suddenly become skilled in these areas, well.....

 

[sman]

Put excess income into a Defined Benefits plan is about the only way. Of course that does nothing for the income you need to live off of. The wealthy who have significant assets they can use and dont need their current income can do this very effectively... they can use investment income/assets to live on and just defer their business income. People who actually need their paycheck... or non-business owners... they are screwed.

I understand what you are saying, but this isn't what I'm talking about. Gilmore suggests that Rick not participate in social security since he opposes it. I wanted Gilmore to explain how one goes about not participating in social security. Of course he can't give an explanation because it isn't possible. And somehow this makes a person a hypocrite in Gilmore's eyes because they are going to collect social security. It's highly probable that a well compensated self-employed person will never receive a full return on their social security contributions (which they are REQUIRED to make).

So if Gilmore can show me how a person can opt out of social security contributions then I would agree with his assessment that a person would be a hypocrite for opposing something while receiving the benefits. Again, liberals like to say they are for choice, but they really aren't.

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So again what's your guys alternatives?

I gave you my alternative. And asked if you were opposed to it. No answer.

 

[scagnt83]

I understand what you are saying, but this isn't what I'm talking about..

Yeah I know. Just pointing out the only alternative and how it is not possible for most people.

 

[Ann H]

..explain how one goes about not participating in social security.

Rick could become a Minister, and legally waive Social Security as a lifetime choice. Of course, Rick doesn't believe in God, which would cause another conflict of values.

 

[xrac]

Rick could become a Minister, and legally waive Social Security as a lifetime choice. Of course, Rick doesn't believe in God, which would cause another conflict of values.

The wavier would only apply to any income derived from ministry/church related activities. It would not apply to his insurance activities.

 

[taterpeeler]

The wavier would only apply to any income derived from ministry/church related activities. It would not apply to his insurance activities.

ball teed up... ball ready to hit....

does he even have any insurance activities?

 

[sman]

Rick could become a Minister, and legally waive Social Security as a lifetime choice. Of course, Rick doesn't believe in God, which would cause another conflict of values.

I have some minister clients who have chosen that option. They have it set up where the church pays them the extra 12.4% and we invest it for them. Needless to say their income at retirement will be much greater than if they had social security based on the same income level.

But as xrac points out, any income Rick (or anyone for that matter) receives outside of ministerial duties would be subject to social security tax.

Besides, if that's the only way, I don't think every working age person in the country (or even just those who would prefer an alternative to social security) can become a minister.

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ball teed up... ball ready to hit....

does he even have any insurance activities?

You really just liked your own comment? Please don't be one of those people.

 

[LGilmore]

"Of course he can't give an explanation because it isn't possible."

No I think I gave you an explanation, you might have skipped over it.

"And somehow this makes a person a hypocrite in Gilmore's eyes because they are going to collect social security"

No, I just don't take libertarians seriously cause all they do is B itch. They hate living here, find nothing positive with living here. Yet here they are.

Yet, they use all the services available to them but do so with "disgust"

And I answered your fund your own retirement question as well. Cheers.

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Look what I find funny about some of you here is you complain about everything.

I choose not to live my life that way. I just lost half my foot last month. Could have been much worse, could have killed me. I guess I should complain that they couldn't save that part of me. Would that make me a libertarian then?


NOPE, just glad I am still here, I will walk again and I am glad I have full insurance coverage and disability plans as well. You guys complain about life too much for me.

Life in America is as good as you want to make it for yourself. This is why some of you make me smile. What do they call it "1st world problems?"

 

[GreenSky]

No, I just don't take libertarians seriously cause all they do is B itch. They hate living here, find nothing positive with living here. Yet here they are.

Some of us have done more than bitch. Unlike you, I've actually run for office and tried to make a difference.

I promised a year ago to never respond to you and this is a perfect example of why you're not worth my time. All you want to do it bitch and attack.

Rick