Quote:
Originally Posted by Robbie
But that's NOT what Social Security is supposed to be. Theoretically...I pay in a certain amount over the years and then I GET IT BACK WHEN I RETIRE. Every penny of it.
Of course that does NOT happen. Not at all. My grandfather made millions of dollars over the years in the citrus industry in Fla. He paid in the maximum in social security every year for decades. He died last year...living in a fucking nursing home because my family didn't have enough money to take care of him the way he needed (90 years old with several strokes)
He NEVER got back what he put in. And since he outlived my grandmother by 8 years...they lost out big time.
That's not the way it's THEORETICALLY supposed to be. Social Security was supposed to be a retirement fund for the individual. Not another way to steal money from people for Washington D.C. to squander.
Why do so many people on this board seem to think it's okay to just take people's money? I do not understand that at all. I work hard for my money and the govt. just takes it.
Let's see....sales tax on everything I buy, gasoline tax when I try to put some fuel in my vehicle, property tax, state tax (until I moved to Nevada 2 years ago), and here in Nevada "Fees" that replace the tax (such as thousands of dollars to get your car registration each year)...and then federal income tax and social security.
When it's all said and done and you've paid all these taxes all around you every day...how much of money you made from YOUR work is actually left for you to enjoy for you and your family?
Not a whole lot. They fool most of the general public with the payroll tax. So people get used to bringing home a certain paycheck and then getting a "refund" every year. And when they get that "refund" check they think it's a good thing!
Well, when you own your own business...and you have some success with it and start writing those big quarterly checks to the fucking govt. then your perspective changes.
You think to yourself: "I COULD have bought my mom a car with that"
Or: "I COULD have secured my kids futures with that"
But instead you empty the fucking bank accounts to write checks to the govt.
It's the biggest expense I have as a business owner.
And people want me to pay more? I don't get it.
|
what most people don't understand is their employer pays (matches) the same amount that the govt takes out of the employee's check. So if you get a check for $2,000 and $500 went to the govt, your employer also had to send in $500 to the govt because of you working there. When you work for yourself and cut yourself a salary you get taxed twice, once as the owner and again as the worker. Btw, I hope you know you can take up to a certain amount in "draws" which you don't have to pay SS and payroll tax on. I believe my accountant who handles my books and cuts my checks said it is like 60% of what you pay yourself for the year. If you not already taking some draws to pay yourself vs 100% payroll checks you need to look into that.