Money & Economics
- Thread starter bigredfish
- Start date
Unfortunate that when you pull that money out, it increases the amount of no tax on social security that you have to pay. If you're in the 10% marginal bracket, the net effect is what you pull out is taxed at 22%, unless you're under the no tax on social security 0% threshold (unlikely), or already paying 85% of no tax on social security (possible but somewhat unlikely if you're in the 10% marginal bracket).
That can’t be right?
I was told by the President of the United States categorically that there would be no tax on Social Security
I was told by the President of the United States categorically that there would be no tax on Social Security
EXACTLY, Very Smart IMO. My father use to say, this is your money, it better serves you when you are young, not old like me...
We have already sent some of our money our kids way. My son needed a new roof, our money helped pay half. Our daughter got her eye surgery done.
Our kids are all hard working mature adults. Got quit calling them kids
They are done blowing/wasting money, well almost , we grew up with different standards. They have their own 401ks, so this money helps them stay ahead. Our generation and our parents were great savers/investors...But I still want a Tractor, lol, $10-15k, then I am done...haha...
Selling their book.
They forgot to add: “the market will fair well now that the Fed has capitulated with regards to inflation targets and those with assets will do well while the other 90% struggle”
Yes, stock prices balloon during inflation, but not due to value creation in the underlying companies ... but due to collapse of the $.
They forgot to add: “the market will fair well now that the Fed has capitulated with regards to inflation targets and those with assets will do well while the other 90% struggle”
Yes, stock prices balloon during inflation, but not due to value creation in the underlying companies ... but due to collapse of the $.
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This is seriously stupid. There is some fallacy that wealth is limited, and that "those guys" are "stealing" from poor people. That's simply just not how it works, and is nothing more than a justification to implement more communist-style laws.
Slow down. I dont see nor did I assume an implication that those wealthy folks were "stealing" it from the poor.
I'm all in favor of folks getting rich. I'm pro-wealth and pro business. Certainly not interested in more communist style laws.
Its simply pointing out that the economy, and to some degree government policy, by any measure has benefited the wealthy to a far greater degree than the bottom 90-95% and accelerated Big time since the 2020 scamdemic
One small example that it continues to
I'm all in favor of folks getting rich. I'm pro-wealth and pro business. Certainly not interested in more communist style laws.
Its simply pointing out that the economy, and to some degree government policy, by any measure has benefited the wealthy to a far greater degree than the bottom 90-95% and accelerated Big time since the 2020 scamdemic
One small example that it continues to
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Repost for those who skipped past it.
There are some things that tie together here, whatever could they be?