Go Back   iRV2 Forums > iRV2.com COMMUNITY FORUMS > Just Conversation
Join iRV2 Today

Mission Statement: Supporting thoughtful exchange of knowledge, values and experience among RV enthusiasts.
Closed Thread
  This discussion is proudly sponsored by:
Please support our sponsors and let them know you heard about their products on iRV2
Thread Tools Search this Thread Display Modes
Old 04-12-2011, 08:04 PM   #57
Senior Member
w6pea's Avatar
Fleetwood Owners Club
Ford Super Duty Owner
Join Date: Feb 2011
Location: Chula Vista, Mexifornia
Posts: 939
Originally Posted by Midniteoyl View Post
Re-Elect Nobody...

I second this motion!!!!
I was forced onto SS and Medicare several years ago because I became disabled.

Remember "Without Truck's......America Stops" RVM129
"Take me to the Brig. I want to see the "Real Marines".
Major General Chesty Puller, USMC -
"Semper Fi"
w6pea is offline  
Join the #1 RV Forum Today - It's Totally Free!

iRV2.com RV Community - Are you about to start a new improvement on your RV or need some help with some maintenance? Do you need advice on what products to buy? Or maybe you can give others some advice? No matter where you fit in you'll find that iRV2 is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with other RV owners, see fewer ads, upload photographs, create an RV blog, send private messages and so much, much more!

Old 04-12-2011, 09:12 PM   #58
Senior Member
Easyrider's Avatar

Workhorse Chassis Owner
Join Date: Dec 2004
Location: Baraboo, Wisconsin
Posts: 1,380
Thanks for your responces Jim, you make some good points and it sounds like you speak from experience and have knowledge about this. I respect the fact that you took a risk and built a successful business and I knew about the employer match but not about the match not getting reduced also. And I also knew the reduction was about playing politics so maybe I should have said if SS is in trouble, why are we letting the government play politics with it? And I still think there shouldn't be a limit on taxable income for SS, the fact that not all income is reported on a W2 just means to me that there has to be another way to get the tax.

Steve & Nancy
2005 Itasca Sunrise 33', W20 Chassis, Ultrapower, Henderson Trac Bar
2012 Chevy Captiva Sport AWD, ReadyBrute Elite Tow Bar, Blue Ox Base Plate, Protect-A-Tow
Easyrider is offline  
Old 04-12-2011, 09:22 PM   #59
Registered User

Monaco Owners Club
Join Date: May 2009
Posts: 3,198
Originally Posted by Easyrider View Post
the fact that not all income in reported on a W2 just means to me that there has to be another way to get the tax.
There is. It's called "self employment tax" My accountant fills out this big long worksheet which basically compares W2 income to "other income" including corporate dividends (the other main way to get money out of an owned company) along with rental income (if you own the building and your company rents it from you) and of course the famous capitol gains...

And then they add a couple grand onto my federal income tax bill.
But it still doesn't come close to what the fica/medicare withholding woulda been.

The accountants use a formula. "excepted practice" and all that. They get bulitens from their accountant groups about what sort of number relationships trigger audits. They holler at me if my W2's are too small...

I did the math last year. If I increased both my wife's and my own salery to max out on SS every year until we retire, we would give the feds an additional $192,000. And after retirement, out SS checks would go up $100 per month. If we lived to 95 years old, we would collect an additional $72,000.

I decided to keep doing it as I have been.
JimM68 is offline  
Old 04-12-2011, 09:26 PM   #60
Registered User

Monaco Owners Club
Join Date: May 2009
Posts: 3,198
And I agree with everything you say Steve. SS was built as a TRUST FUND. It was supposed to save for us (well for our fathers...) and we were supposed to get more out than we ever put in.

But during the 60's, after financing that war so many of us took a part in, someone, Nixon I think, took a look at all those greenbacks pouring into this untouchable trust fund, and decided he could spend it better.

And so, SS was changed. No more trust fund. It takes in what it will push out, each and every year, paycheck to paycheck like so many American families. That's why it needs saving during every economic downturn.
JimM68 is offline  
Old 04-12-2011, 10:15 PM   #61
Senior Member
Join Date: Jul 2010
Posts: 848
Social Security's budget is NOT part of the Federal budget. The ONLY connection was the forced loans of the excess collected funds to the United States.

My link shows how your money should still be there. It's simple math. People don't do the math because it's like a mortgage. It's the "I don't want to look syndrome". If you stop to think how much it's really costing you in the long run to own that home you might just stop yourself from signing that mortgage agreement.

Three years ago Ray Lucia made a statement on the radio about SS. He shouted that it is just a Ponzi scheme. That day I'll always remember where I was etc upon hearing him say it. I emailed him about it. I called him while he was on the air. He would not elaborate and never again said it over the radio. To this day, I believe he was part of the government's effort to steer people away from thinking SS was going to work and to invest your money in his buckets of money strategy. I think he was told to shut up. Why do I think he was government backed? Just look at the news. If he could steer a couple million of us away from expecting ANYTHING from SS, that would be less heat on the gov't. They are going to have a serious bunch of angry people to contend with. Do you know how many millions in the next 3 to 4 years will be expecting to be on the government payroll? I say payroll because it's basically the same thing. By the tens of millions. It's like adding a whole new defense payroll, in spades. If any math was done then you were lied to all along.

One other thing. What's the alternative? How many of your financial plans were disrupted by changes in the RULES? They make the RULES and when you figure out how to use the RULES to your best advantage they turned around and called them LOOPHOLES.

I call it the STACKED DECK method. Whoa! Did I just see something coming off the bottom of that deck?
WOODYDEL is offline  
Old 04-12-2011, 10:47 PM   #62
Senior Member
Thor Owners Club
Join Date: Aug 2010
Location: Delaware
Posts: 424
Originally Posted by mick View Post
If you cut out waste, AND raise taxes on E V E R Y O N E , WE CUD balance the budget and pay off our debt.

Who Pays Income Taxes and how much?

Tax Year 2008

Percentiles Ranked by AGI(ADJUSTED GROSS INC)
AGI Threshold on Percentiles
Percentage of Federal Personal Income Tax Paid
Top 1%
Top 5%
Top 10%
Top 25%
Top 50%
Bottom 50%

Where is the fair in that ?

A person making $33,000 a year pays 2.7% in taxes? And if they are married, they get another deduction off that, and with children , THEY GET CASH BACK!!!!

You want to raise taxes on the rich? What are the rich? In NY state, the rich are not rich if they make 300,000 per year, they are middle class and get tremendous tax breaks , especially if they have kids.

East coast residents must make more than 3 1/2 times poverty before they pay taxes and they get free health care for their children. In the south , it is poverty when they pay taxes.

One of the biggest problems in America, IMO, is that the average person DOES NOT KNOW THE TRUTH about taxes and exemptions.

Study the facts, then vote what best suits your needs. I wont help you with my vote, if you are in conflict with my interest.
Mick, no offense, but I think you misunderstood the table you reproduced. It doesn't mean that a person making $33k pays 2.7%; it means that the lower 50% of taxpayers (those under $33k) account for 2.7% of the taxes paid. Note that the other 50% pay 97.3% of the taxes paid.

Actually, that's probably worse than what you said ...
Crabby Mike is offline  
Old 04-12-2011, 11:30 PM   #63
Junior Member
Join Date: Apr 2011
Posts: 3
Originally Posted by Crabby Mike View Post
Mick, no offense, but I think you misunderstood the table you reproduced. It doesn't mean that a person making $33k pays 2.7%; it means that the lower 50% of taxpayers (those under $33k) account for 2.7% of the taxes paid. Note that the other 50% pay 97.3% of the taxes paid.

Actually, that's probably worse than what you said ...
Think that is bad, read this....


This is part of the reason this country is broke.

Here is the rest of the story

47% of households owe no tax - and their ranks are growing - Sep. 30, 2009
1999 Georgie Boy 3190 F53 V10
1999 Jeep Cherokee 5M 4.0- Toy
2008 Saturn Aura- Toad
beefsupreme is offline  
Old 04-12-2011, 11:46 PM   #64
Join Date: Jan 2011
Location: Wherever I'm parked
Posts: 92
Part of the problem may be due to the amount of people that get their paychecks from the government. In the 60's there was 2 manufacturing jobs for one government job, now there is 2 government jobs for every one manufacturing job in the U.S.
"The mark of success is spending an entire day on the bank of a river without feeling guilt" ~Anonymous
Cherylv is offline  
Old 04-13-2011, 02:31 AM   #65
Senior Member
Warden's Avatar
National RV Owners Club
Join Date: Feb 2010
Location: Massachusetts
Posts: 158
They will take from us, Medicare etc; but do you see the Politicians cutting all the bennies they get? They have better Medical coverage than anyone....do you see them cutting that...........
Pilot: Tom & Co-Pilot Janet
Pets: Max & Gabby Mini Australian Shepherds
2006 Sea Breeze1350, GOD BLESS THE U.S.A.
Warden is offline  
Old 04-13-2011, 04:46 AM   #66
Senior Member
Vintage RV Owners Club
Join Date: Aug 2009
Location: Central Florida
Posts: 671
Very interesting discussion. I have to congratulate everyone for not flaming anyone who holds a contrary view. This is a very politically charged subject with no easy solution.
blackf3504dr is offline  
Old 04-13-2011, 06:50 AM   #67
Senior Member
MickBrennan's Avatar
Join Date: Apr 2010
Location: Playa del Carmen, Q.R., Mexico
Posts: 589
"The problem with socialism is that eventually you run out of other people's money."
Story here
MickBrennan is offline  
Old 04-13-2011, 06:56 AM   #68
Senior Member
edj's Avatar
Join Date: Jul 2010
Posts: 416
Getting the topic back to the thread subject....

In the long-term, Social Security is in trouble. At some point in the future, SS will be running out of money for benefits. But, SS has no effect on the current budget problems. Just raising the retirement age to 70 or so would take care of most of the SS problems.

Medicare is the big problem now. We have all been paying into it while we were working. At age 65, we still pay about $95/mo each. In addition to that, there is the cost of supplemental insurance to cover what Medicare does not. As I understand it, Ryan's budget plan wants to do away with the current Medicare system and change it to a fixed payment and letting the retiree go find a health insurance policy. The biggest problem with this idea is that there is no limit what the insurance companies can charge. As you well know, health insurance premiums go up much faster than the inflation rate. It won't take too many years before the insurance premium is unaffordable to many seniors. It is kind of like a company doing away with a defined pension and replacing it with a 401K. It saves a lot of money for the company and shifts most of the burden to the employee. I can see that it would save a lot of money in the budget, but how long will it be before 'Grandma' is sitting in the ER because she can't afford health insurance.

Another way to reduce the cost of Medicare is to increase the monthly payments taken out of the SS check. There also has to be some discussion at what point very expensive pointless treatments are stopped near the end of life. We all die at some point. Does the govt really need to spend a million bucks on very expensive procedures/treatments to add a few weeks of vegetative state before death?
Ed J - Summer->Vestal, NY Winter->Melbourne, FL
1999 Dodge 2500 diesel, 6-spd manual
2007 HitchHiker Discover America 329RSB
edj is offline  
Old 04-13-2011, 09:24 AM   #69
Senior Member
Wanabee FTer's Avatar
Gulf Streamers Club
Ford Super Duty Owner
Join Date: Jul 2010
Location: Golden Village Palms, CA
Posts: 1,988
Blog Entries: 12
I don't understand why they are not clamping down on the Hospitals/Doctors for excessive needless procedures and finding the ones that are defrauding the system.
Instead they just want to hand the whole thing off to insurance companies who are already making too much money on the American people.
'98 Gulf Stream Sunsport 325, 7.5L Banks Power Pack, Koni FSD's, Air Bags, ReadyBrute Elite,
2000 Honda Accord

Wanabee FTer is offline  
Old 04-13-2011, 12:56 PM   #70
Registered User
Fleetwood Owners Club
Join Date: Dec 2006
Location: Back in Philly for the fall heading to Sunshine before the snow flies
Posts: 1,485
First I want to thank everyone for the civil tone of the discussion. When I started the thread I didn't expect it to last this long without someone going bonkers. I have learned some things and hope to learn more. The problem I have is that we do have a contract with the government, we have paid our entire working lives, if they try to break the contract, I fear it will cause a major upheaval the likes of which haven't been seen since the civil war. There are too many of us that have given more than our money in the boomer generation, that will not sit quietly by as we are thrown under the wheels of the top 1%. It seems to me that it matters not what party you support, the marching orders come from the 1%, JMHO

hondo122 is offline  
Closed Thread

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Increase in Medicare Ron & Dee Just Conversation 28 01-17-2011 10:23 AM
What's up with Medicare? Ron & Dee Just Conversation 107 02-10-2010 06:24 AM
When can I get Medicare? tedward1555 Just Conversation 50 02-03-2010 09:25 PM
Medicare supplemental plan question... StevePav Full-Timers 12 11-11-2009 07:02 AM

» Virginia Campgrounds

Reviews provided by

Our Communities

Our communities encompass many different hobbies and interests, but each one is built on friendly, intelligent membership.

» More about our Communities

Automotive Communities

Our Automotive communities encompass many different makes and models. From U.S. domestics to European Saloons.

» More about our Automotive Communities

Marine Communities

Our Marine websites focus on Cruising and Sailing Vessels, including forums and the largest cruising Wiki project on the web today.

» More about our Marine Communities

Copyright 2002-2015 Social Knowledge, LLC All Rights Reserved.

All times are GMT -6. The time now is 10:11 PM.

Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.