Thursday, September 19, 2024
Dear, dear President Joe Biden - please, please don't cut social security payments!!!
Social Security reform measures:
How to preserve the social security system for the poor, middle class, and some of the rich. Should we regret separating the very rich from the social security system?
First, tax (social security tax - 6.20 %) the rich on their incomes (now, in 2024 we only tax up to the first $ 168,600 of their incomes)
Let’s say we tax (6.20%) as follows:
Year Income
2025 $340,000
2026 $700,000
2027 $1,500,000
2028 $3,000,000
2029 $7,000,000
2030 $15,000,000
2031 $28,000,000
2032 and on $47,000,000
Second, let's stop paying out social security to the very rich and change (reduce) the payments that the rich were supposed to receive. Again let’s not regret these changes - let’s not feel sorry for the very rich.
Let’s say we stop paying out social security to the very rich - those people that averaged $17,500,000 a year income over the last three years. So that three years from now, in 2027, the very rich would no longer receive any social security. Also, let’s reduce what rich people would have received from social security as such:
Average income over the last three years Reduced social security payment
$15,750,000 .375
$13,750,000 .50
$12,2250,000 .75
$8,500,000 .885
Those averaging less than $8.5 million over the last three years of their work will receive what social security plans on giving them, and those making more will have their benefits reduced.
Third, institute a net asset tax on the very rich and use the raised money to help preserve the Social Security System for the poor, middle class and some of the rich.
A net asset tax could look like:
Net Assets Tax + ___ % over
$0 - $28,000,000 $0 .20 $0
$28,000,000 - $90,000,000 $56,000 .30 $28,000,000
$90,000,000 - $250,000,000 $242,000 .50 $90,000,000
$250,000,000 - $500,000,000 $1,042,000 1.00 $250.000.000
$500,000,000 - $1,000,000,000 $3,542,000 1.345 $500,000,000
$1,000,000,000 - $3,000,000,000 $10,267,000 1.803 $1,000,000,000
$3,000,000,000 - $6,000,000,000 $46,327,000 2.431 $3,000,000,000
Over $6,000,000,000 $119,257,000 3.25 $6,000,000,000
With allowable deductions of:
Personal - $6,000,000
Spouse - $6,000,000
Child under 19 years of age - $2,4000,000
Forth, require more earned Social Security credits to be eligible to collect social security (currently in 2024 it’s 40) as such:
Year Earned credits required
1 60
6 74
11 92
16 115
21 144
These are some measures to help preserve social security without having to cut benefits. Before deciding on cutting benefits, let’s put these measures into law and see if further actions are required to help preserve social security for the poor, middle class, and some of the rich.
Please contact President Joe Biden at The White House, Wash. D.C. 20500, U.S. Congressman Josh Gottheimer, 93 Spring st. suite 408, Newton, NJ 07860, and U.S. Senator Cory Booker, One Gateway Center - 23rd fl., Newark, NJ 07101.
Subscribe to:
Post Comments (Atom)
Blog Archive
-
▼
2024
(10592)
-
▼
September
(891)
- Why not help out Sudan???
- Why not have a group of 38 (G38) and a group of 55...
- An international nuclear oversight committee to he...
- Why not create an international nuclear oversifght...
- Please, please Vice President Kamala Harris - help...
- Dear, dear Vice President Kamala Harris - please, ...
- It is long overdue: Just Restoration Payments for ...
- Just Restoration Payments for descendants of Slave...
- Why not A Lift Up???
- A Lift Up Program to help those in need!!!
- There are some in need in the United States - why ...
- Dear, dear President Joe Biden - please, please do...
- Please, please don't cut social security payments!!!
- Before Congress starts cutting social security pay...
- Are there any climate scientists that believe that...
- Are there any climate scientists that believe that...
- Are there any climate scientists that believe that...
- Every good and perfect gift is from above.
- Science has proved it: Smoking is anti-life and a...
- Which is worse: BIG Tobacco or BIG ABORTION???
- Where is a good place to worship the Savior of the...
- Where is a good place to worship the good LORD??? ...
- JESUS is the Lamb of GOD!!!
- JESUS is LORD!!!
- JESUS is the Light of the world!!!
- Please, please help make the polluters pay.
- The Mafia is anti-life and anti-choice!!!
- Please, please help end the Mafia and other organi...
- Please, please help end the war on the pre-born ch...
- Please, please help end the war on the unborn chil...
- Please, please help end pornography and erotica.
- Please, please help end the flow of taxpayers' dol...
- Planned Parenthood implicated in the selling of ba...
- Please, please help end the flow of taxpayers' dol...
- Please, please help end child pornography in much ...
- Please, please pray for the Israeli leaders and lo...
- Please, please pray for the Israeli soldiers and l...
- Please, please help give land back to Native Ameri...
- Please, please help end black genocide - please, p...
- Please, please pray for the hostages and loved ones.
- Please, please help end anti-Semitism and racism.
- Please, please help end slavery throughout the wor...
- Please, please help improve the Justice System - d...
- Please, please help improve the Health Care System...
- Please, please help repeal, or change all the prob...
- Please, please help end the destruction of life!!!...
- Let us owe no man anything, but to love one another.
- Love one another. We love, because HE first loved...
- Why not institute a net asset tax and use the mone...
- Please, please help give land back to Native Ameri...
- Please, please help end anti-Semitism and racism!!!
- There is Joy in JESUS!!!
- There is mercy in JESUS!!!
- There is grace in JESUS!!!
- There is love in JESUS!!!
- There is Peace in JESUS!!!
- There is healing in JESUS!!!
- Our Hope is in JESUS!!!
- How about 10 more Secret Service Agents each for P...
- Why not supply President Donald Trump and Vice Pre...
- Please, please pray for the hostages and loved one...
- Please, please pray for the hostages and loved one...
- Please, please pray for the hostages and loved one...
- Please, please pray for the hostages and loved one...
- Please, please pray for the hostages and loved one...
- Please, please pray for the hostages and loved one...
- Why not allow 6 - 7 million people to immigrate in...
- Dear, dear U.S. Senator Jacky Rosen - which is wor...
- Dear, dear U.S. Senator Chuck Schumer - which is w...
- Which is worse: BIG Tobacco or BIG Abortion??? H...
- Science has proved it: Smoking is anti-life and a...
- Be abundant pro-life!!!
- Please, please pray for the abortionists, the abor...
- Kudos to countries that have not succumbed to the ...
- Abortion is a moral, social, political and an econ...
- Resist the devil and he will flee.
- Flee sexual immorality.
- Abortion ends a life, or lives - unless the child,...
- Dear, dear U.S> Attorney General Merrick Garland -...
- An interesting article by The Thomas More Society ...
- Beautiful article by The Thomas More Society - ple...
- Wonderful article by the Thomas More Society - ple...
- Beauty is fleeting, and charm is deceptive.
- Love does not delight in evil. Love rejoices in t...
- In hope, peace, and love . . . . .
- Instruct them to do good, to be rich in good works...
- HIS yoke is easy, HIS burden is light!!!
- LORD of the Harvest, the Harvest is plentiful, but...
- Please, please pray for our leaders and leaders of...
- Israel has a right to defeat Hamas!!!
- Please, please pray for the Israeli leaders and lo...
- Please, please pray for the Israeli soldiers and l...
- Please, please pray for the hostages and loved ones.
- Why not modify the Corporate Tax Rate???
- Dear, dear U.S. Senator Cory Booker - please, plea...
- Let's improve the Justice System here in the Unite...
- Dear, dear U.S. Congressman Josh Gottheimer - plea...
- Dear, dear President Joe Biden - please help end g...
- Israel does not intentionally kill innocent people...
- Dear, dear U.S. Congressman - Israel has a right t...
-
▼
September
(891)
No comments:
Post a Comment