Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Re: New tax plan does nothing for retirees

Then, the new tax legislation does not affect seniors. It just doesn't give them any freebies. I would assume that should be addressed by other legislation. Remember when we were young and there was no such thing as a "tax credit" for our children? We simply got a deduction, that had not been increased since the fifties?

I am simply amazed at how someone that pays nothing gets a "refund" of several thousand dollars.

The problem, with Social Security, is that "The Greatest Generation" STOLE hundreds of billions, from the boomers. IN 1966, self-employment tax was 2%. It wasn't until 1968, that they threw on the Medicare kicker ... raising it up to 2.5%. Ever since Ronnie-The-Commie-Reagan .. self-employment tax was kicked up to 15.3% ... and where did that money go? It went to the "Greatest Generation", sucking at the government pig trough (our money's trough).

To finance Sander's plan(s), we'd be .. and our children as well ... at least 50%. Stealing from one ... and giving to another ... I just am morally and ethically opposed to such. Of course, now that I fall into that bracket ... If I didn't have children and grandchildren ... I'd be screaming, "Bring it on, Bernie".