2firfun50 wrote:'m tired of paying 23% while those living off investments are paying 15%.
You are paying 23% on money you earned working.
They are paying 15% on money they invested and were on the right side of the investment.
There are 2 things to consider:
1 - they already paid their 23% on money they earned, then they took that earned (and taxed money) and invested it, and paid another 15% on earnings there, so they are essentially DOUBLE TAXED.
2 - they are [only] paying 15% on investment gains, but how much did they actually lose on their other investments?
So in the end, how much are they really paying out?
23% originally
15% on earnings
??? of losses?
you mentioned 3+trillion for SS, and 2+trillion for Federal Reserve. That is 5+ trillion total.
When Obama took office we were 5trillion in deficit, now we are 15 trillion. Does it seem that the Dems, behind Obama can decrease the deficit? maybe not!
SSN, Medicare and Medicade, as long as people ACTUALLY paid in, I agree they should still get it.
Personally, i KNOW when I [hopefully can] retire in 22 years, there will be ZERO SS for me and yet, I KNOW I will still be paying into it for the next however many years until I can retire.
There is a lot wrong with the government, but the question you need to ask, is who will do a better job of fixing it (or not making worse the quickest as you want to dwell on the negative).
The numbers don't lie, Obama racked up 10+ trillion deficit in not even 4 years, and as soon as Obama-care takes full effect, add another trillion or more on that date.