Retired and living on pension or Social Security won't benefit from payroll tax holiday.

[LiberalFighter]

Only those that receive income that has Social Security taxes deducted will benefit.

[Hello_Kitty]

1. And they no longer get the little bit of Making Work Pay credit they got this year. eom

[dkf]

2. Retirees got money from the making work pay credit?

Isn't it misnamed then?

[frazzled]

8. No, they got a check through the stimulus plan

It had nothing to do with Making Work Pay, and was entirely separate.

[Hello_Kitty]

9. Whatever. Millions of Americans are going to have less money next year.

Than they did this past year. The people most likely to spend. Some stimulus.

[frazzled]

10. They would have gotten much less under the House bill

that everyone wanted. That was just a straight tax cut extension for the middle class.

[Hello_Kitty]

13. Yawn

The bill is signed, frazzled. It's a done deal. You don't get to use other scenarios that didn't happen and according to you had no chance anyway (like the House bill) to compare. We have this compromise plan now. It's what we have. Not what could have been. What is. People have been pointing out the problems with it and warning that it's not nearly as stimulative as you guys think and some aspects are downright anti-stimulative.

[frazzled]

14. If it bores you

to have some correct information, such as what Making Work Pay was about, or what seniors actually got, that's fine by me.

But there is no hypothetical to the assertion that neither the House nor the Senate was willing to fight for any further stimulus. It just wasn't on the docket. Neither was there any plan for how to extend unemployment insurance. I was merely stating facts, not rearguing a case that is over. I did not start this thread, nor make the claim that seniors would be hurt by it. I'm simply trying to respond with facts as I see them. This was not an ideological discussion.

[Hello_Kitty]

19. And if you consider it stimulative for a large percentage of the population

To have less money in their pockets next year than they did this year you go right ahead.

[MousePlayingDaffodil]

3. Not true . . .

. . . as I understand it. Anybody who is working and being paid wages otherwise subject to the Social Security payroll tax remains subject to the payroll tax even if that person is drawing Social Security benefits.

[LiberalFighter]

4. Did you read the body of my post?

[MousePlayingDaffodil]

5. Yes, I see now . . .

. . . that you were saying that those who don't pay Social Security taxes won't benefit from a cut in Social Security taxes.

I confess that I first misunderstood what you were getting at, as what you are getting at, it seems to me, pretty much goes without saying. ;-)

[peace13]

6. A few words on SS.

Things are going to get pretty ugly if the powers that be continue to talk about raising the age of retirement and the new meddling with wage contributions continues. People who are fifty and working, paying 12% gross into SS with no chance of getting any will stop contributions all together. As a small business owner who has paid double SS for a lifetime the prospect of not getting even the paltry SS amount in the future is very disturbing. Only a fool would continue to pay into the system under that scenario. My point is that everyone who is now getting SS needs to support the system and stand up against changes that will diminish the system in the future. Tea bagging fools who clutch to their SS and Medicare like they are the last deserving folks need to wake up and protect the system for all.

Your point about no increase for SS does not go unnoticed. The Congress critters have no conscience. It will get worse before it gets better.

[Bluenorthwest]

22. I agree with your larger point, but let us be clear that no one can

simply 'stop making contributions' to SS anymore than they can just stop paying income tax.

[peace13]

34. It would have to be a very organized movement to be sure!

I am fully aware of the fines and fees involved but you know at some point the American people are going ot have to stand up and stop this nonsense or sit down until the end of time. I would be a fool to continue to pay full SS knowing that I would not be drawing any. The past ten years the economy in Ohio has made it all but impossible to contribute to the retirement fund. You can bet my double SS deposits were very painful.

[Nicholas D Wolfwood]

7. I'm sorry, does everything have to benefit the retired?

I was under the apparently mistaken belief that retired persons aren't the only one represented by our government.

[Thrill]

11. I thought 250 dollar payments was in the bill

[Safetykitten]

12. Oh no, that was a promise from him. The hole would be closed. But...

[sad sally]

33. This one-time $250 wasn't just for seniors, it was for 50 million

seniors, disabled and disabled veterans; would have cost $14B. But, hey there's no inflation for us old stupid or disabled people, just because there's been no COLA for two years.

come on, Gramma, suck it up - cut those pills into 4 pieces instead of just halves. Or better yet, quit taking them and just die so the rich can have more!

[ipaint]

15. And every single rich person gets a nice big tax break. Every. One.

Two wars, people living in cars and on the streets, record high food stamps, record numbers with no access to health care and NO jobs...and the rich are not asked to sacrifice anything in this deal. Not one penny.

Plus the bonus of shorting social security for the first time setting the fund up to be raided.

Happy holidays from washington dc.

[SidDithers]

16. Right. They won't get a tax cut on the taxes they don't pay...nt

Sid

[Bluenorthwest]

24. Retired people pay taxes in the US, don't know about Ontario

Canada, but here, the tax burden is not lifted for age, nor for work status, it applies to all income cradle to grave. So the retired will continue paying income taxes, but unlike other portions of the population, no new cuts or reductions which apply to the sorts of income retired people typically have.
Retired people pay taxes. This bill was about Income Tax, not just about the wee 2% SS withholding. To imply that our elders do not pay income taxes is incorrect, and yet many people believe such balderdash.
Medicare also has premiums, co-pays, deductibles and the works. It is not free of cost to the user. Just fyi, eh?

[JoePhilly]

17. Clearly, every provision that passes has to help 100% of the people ...

Or it is CRAP!!!

I mean hell, child tax credits don;t help those with no kids, crap!!

Mortgage interest deduction doesn't help renters, crap!!

Medicare is for those over 65 so it is CRAP!!!

[Hello_Kitty]

20. I just get annoyed when people act like we're all benefitting from something when we're all not

When there are tax credits that only go to certain favored groups (like parents or homeowners) it's a bit obnoxious to lie with averages as so many, including the President, are doing today.

"The average family is getting $1000 from this deal! Can't you see how this is helping everyone?"

"Erm, but I don't have kids or own a home and I'm actually going to see my taxes go UP $175. And I make a lot less money than most people."

"Selfish! Why do you hate children?"

[JoePhilly]

21. Very few tax provisions cover everyone equally.

At one time I had no kids ... now I do.

At some point, my kids will stop being dependents, and I'll lose that deduction.

At one time I rented ... now I have a home with a mortgage.

I think your post helps make a point that I have been arguing in many threads.

The reason that the majority of Americans support this tax compromise is that most of them get to keep their tax cut. Their personal bottom line is better. The rest does not matter.

[ipaint]

25. Great arguments.

How about you direct them UP the income ladder for a change. Like the very top. Explain to them how after 10 years of tax windfalls it's there turn to pony up.

The finger wagging at the low income classes is obnoxious given the history of the last 30 years.

[Bluenorthwest]

26. But the point is that among all the provisions, there is not one

provision which benefits the retired. Of course not every provision applies to all, but the idea of various provisions addressing as many as possible is a goal, one would assume.
Not one provision was made with our elders in mind. And the retired vote like mad.

[JoePhilly]

36. Retired people often pay taxes.

If you have a 401k, and you are retired, you'll pay taxes on it as yincome when you withdraw money from it.

And then still, if the bill didn't pass, the retired would get "nothing" as well.

[Uzybone]

18. Everyone must get everything they want

I dont know how long this country can work with citizens like this.

[ipaint]

23. Funny, it works for the filthy rich.

What exactly did they sacrifice.

It's just those "citizens" who have the nerve to point out that they get the shit end of the stick consistently that have to shut up and eat it. 30 years of the working poor getting shat on by the wealthy.

But times change and this is the new democratic party where if you hear the words working poor or increasing poverty it won't be out of any mouths in washington dc. They seem to only be able to pronounce MIDDLE CLASS over and over and over again.

No one mentions the rich and their custom written tax laws or the poor and working poor that pay for those favorable laws.

Now shut up and be a good citizen i.e. slave.

[Uzybone]

27. Thats why they are the rich

If you also want to have every fucking thing you desire then go join them.

The rest of us want a community where everyone sacrifices.

[ipaint]

31. What??

Wow. I want them taxed so I must want to be just like them.

That is one fucked up response.

[Bluenorthwest]

32. Let's be blunt, shall we? The President claims to be of deep

Christian faith, which dictates that he oppose marriage equality. And that faith places a great deal of emphasis on the treatment we deliver to the least among us, our elders high on that list. If nothing else, 'support' for such a dogmatic President should probably avoid casting snarky framing at the elderly. The implication that the elderly and disabled get 'everything they want' is as vile as it is untrue.
So if the President wants to get by with his 'I'm a Christian so I oppose equality' bit, perhaps the 'support' shown for him might want to stick with a more Christian approach and at least not make mocking rhetorical fodder our of our retired and disabled neighbors?

[JoePhilly]

37. Wow, that's a rant.

Don't we have enough folks on the far right claiming that Obama is a "Bad Christian" or a secret Muslim??

[jtrockville]

28. Look on the bright side...

At least some folks are drawing a Social Security check. The way things are going, upcoming generations will have no such benefit.

/hope

[MikeW]

29. it helps the masses which is whats important right now

Besides the retired (over 65) get all kinds of other tax breaks.

[pnorman]

30. No shit1 What a surprise!

(Retired, and living exclusively on SS)

[golfguru]

35. If the most important benefit is missing, you can take the rest and shove it

And the most important benefit is---------------> A good job!
If official unemployment remains near double digits, the real
unemployment is double that if you include part-time, stopped looking
and under employed. None of them get 2% SS tax holiday, making work pay,
employer subsidized health insurance, employer pension plan, 401-k plans,
and employer help in tuition.

[mkultra]

38. you cant give people who dont pay taxes a tax break