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Response to eniwetok (Reply #54)

Wed Mar 30, 2016, 07:40 PM

57. It's not just taxation to pay back the interest

It's taxation to pay back the principal as well. The $2+ trillion in money that went into the fund is gone with the government giving promisory notes that they will pay them back in the form of treasuries. Because there will be insufficient revenue from the payroll tax to cover the expenditures to pension recipients in the near future, these treasuries have to be paid back with new revenue in the form of non-payroll taxes (unless they raise the cap). People paying in now will have to pay both SS and the increased taxes to keep the system afloat...double taxation for the same benefits.

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eniwetok Mar 2016 OP
TrueDemVA Mar 2016 #1
eniwetok Mar 2016 #4
OnlinePoker Mar 2016 #6
eniwetok Mar 2016 #11
eniwetok Mar 2016 #54
LineLineLineLineNew Reply It's not just taxation to pay back the interest
OnlinePoker Mar 2016 #57
Recursion Mar 2016 #38
1939 Mar 2016 #48
jeff47 Mar 2016 #2
eniwetok Mar 2016 #12
Major Nikon Mar 2016 #14
eniwetok Mar 2016 #23
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jeff47 Mar 2016 #17
eniwetok Mar 2016 #24
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