They already are, SS is getting cut up, pensions are drying up, pension obligations are going away, services are dwindling. Everyone else has to cut back and make do, so boomers can live their life of luxury. Once they die, you can bet the taxes will stay but the services will be long forgotten
They already are, SS is getting cut up, pensions are drying up, pension obligations are going away, services are dwindling. Everyone else has to cut back and make do, so boomers can live their life of luxury. Once they die, you can bet the taxes will stay but the services will be long forgotten
Boomers got the following raises over the last two years via SS: 2021 5.9 2022 8.7
Theyre getting bailed out
Boomers got the following raises over the last two years via SS:
2021 5.9
2022 8.7
Theyre getting bailed out
The thing is the way fed taxes are structured is very insidious. The base marginal rate can be 15% which is "low", but than they shove SS (12%, 6% on employee side), the state tax, local income tax, and FICA on top of that. I used to work in a lib dump, and my marginal federal rate of 18% was 35% after all the taxes and fees were taken out
The thing is the way fed taxes are structured is very insidious. The base marginal rate can be 15% which is "low", but than they shove SS (12%, 6% on employee side), the state tax, local income tax, and FICA on top of that. I used to work in a lib dump, and my marginal federal rate of 18% was 35% after all the taxes and fees were taken out
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