VOLS INC.
President/CEO
- Joined
- Aug 18, 2009
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Lol, this must have been written by an illiterate Gen Z'r.The hits just keep a coming..Our leaders are such idiots..
A Massive Red Flag That Could Spell Disaster For American's Pension Plans
Social Security benefits remain taxable and tax brackets are also changing as a result of inflation. Some recipients may have to pay income tax on up to 50% of their Social Security benefits.
The hits just keep a coming..Our leaders are such idiots..
A Massive Red Flag That Could Spell Disaster For American's Pension Plans
Pay up leeches..The Golden Goose is desperate.
“Just in tax credits that most people claim- Charitable donations were cut half from $600 to $300 that people can claim. Child care expenses are going to be cut from $8,000 down to $2100 for the total, with the child tax credit for children under six years old was all the way up to $3,600 now, and now it has dropped to $2000. And the earned income tax credit is going from $1500 down to $560.”
One of the biggest disgraces in all this happened years ago during the Reagan era when the Feds allowed companies to declare pension plans were overfunded and raid them (or at least not continue funding for a while). With inflation being a permanent fixture of our economy, how could a pension plan ever be overfunded?
In many states, welfare and benefits pay more than median income
Breaking America. Equality for all!
I always watch for the annual notice of funding from my former crap hole company. Over the last 5 years their funded rate has fallen from the upper 80 percentile to mid 70's all the while they cancelled the pension plan over 20 years ago for new employees and shut it down for accruals 5 years ago. I'm waiting for these scum bags to drop another bomb to dick their former loyal employees.One of the biggest disgraces in all this happened years ago during the Reagan era when the Feds allowed companies to declare pension plans were overfunded and raid them (or at least not continue funding for a while). With inflation being a permanent fixture of our economy, how could a pension plan ever be overfunded?
Lol, this must have been written by an illiterate Gen Z'r.
Yeah, that changed to 85% of benefits back duringReagan'sClinton administration and the amount of money you have to earn to get taxed at that rate hasn't changed one dime at somewhere around $25k since then.
My mistake Reagan did the first 50%, Clinton added the next 35%.
I also get taxed on my medicare benefits because I make what they consider an excessive amount of money via the Irmaa stick it up my a$$ add on to my monthly medicare premiums. It's a premium for having too much income even though I paid into the same system everyone else did.Interesting that we have to pay tax on Social Security - when we paid into the system, and people getting other benefits without paying anything in aren't taxed on the benefits.
I also get taxed on my medicare benefits because I make what they consider an excessive amount of money via the Irmaa stick it up my a$$ add on to my monthly medicare premiums. It's a premium for having too much income even though I paid into the same system everyone else did.
