Payroll Tax Cut

Official TSP Center polls.

Moderator: Aitrus

Post Reply

Do you support a one-year extension of the payroll tax cut?

Yes
47
64%
No
26
36%
 
Total votes: 73

User avatar
Jahbulon
Posts: 3901
Joined: Wed Nov 17, 2010 1:22 pm

Payroll Tax Cut

Post by Jahbulon »

Do you support a one-year extension of the payroll tax cut?

Yes
No

Image

User avatar
Pocono13
Posts: 541
Joined: Mon Dec 22, 2008 4:40 pm

Re: Payroll Tax Cut

Post by Pocono13 »

Not at the expense of the federal employees.

User avatar
kucheka
Posts: 158
Joined: Mon Dec 20, 2010 10:22 am

Re: Payroll Tax Cut

Post by kucheka »

Man, I'd love to see brackets...

ralpharch
Posts: 47
Joined: Tue Dec 28, 2010 2:14 pm

Re: Payroll Tax Cut

Post by ralpharch »

Extending this cut supports further unraveling of the SS trust fund, which this tax holiday has contributed to. Before you know it upper middle class retirees will have means testing, taking away far more than the meager benefit provided. There are better ways to stimulate the economy than by reducing taxes in an obviously underfunded area. People are being set up by congress and the 1% and don't even realize it.

User avatar
Pocono13
Posts: 541
Joined: Mon Dec 22, 2008 4:40 pm

Re: Payroll Tax Cut

Post by Pocono13 »

ralpharch wrote:Extending this cut supports further unraveling of the SS trust fund, which this tax holiday has contributed to. Before you know it upper middle class retirees will have means testing, taking away far more than the meager benefit provided. There are better ways to stimulate the economy than by reducing taxes in an obviously underfunded area. People are being set up by congress and the 1% and don't even realize it.


I totally agree. I realize that they want to accelerate the failure. Why wait for it to fail in 15 or 25 years, when it can be done in the more immediate future.
If one puts in a temporary tax cut and then it expires, should that be considered a tax hike :?:

TSPKip
Posts: 1225
Joined: Mon Sep 27, 2010 7:34 am

Re: Payroll Tax Cut

Post by TSPKip »

The republican leadership [not most non-Washington Republicans] think so for the payroll taxes but not for the Bush tax cuts.

It is interesting that I have not heard of anyone stating that when the the Soc Sec was inaugurated, the tax rates for the rich were > 75%, but then Reagan came into office and lowered tax rates for the rich, over shot the mark, and moved the trust fund into the General treasury fund to pay for the tax cuts, precipitating the S.S. shortfall. Then to save it [which they had injured], they had to raise the retirement age, etc.
Seek Wisdom where it can be found.

User avatar
Jahbulon
Posts: 3901
Joined: Wed Nov 17, 2010 1:22 pm

Re: Payroll Tax Cut

Post by Jahbulon »

Wasn't it close to like 90% at one point?

Bill-77
Posts: 18
Joined: Mon Jan 03, 2011 4:53 pm

Re: Payroll Tax Cut

Post by Bill-77 »

I think it was 92% during the Eisenhower-era.

Post Reply

Fund Prices2022-08-05

FundPriceDayYTD
G $16.98 0.01% 1.45%
F $19.05 -1.07% -8.80%
C $63.14 -0.15% -12.24%
S $67.93 0.74% -18.59%
I $33.31 -0.76% -15.55%
L2065 $12.78 -0.24% -14.10%
L2060 $12.78 -0.24% -14.10%
L2055 $12.79 -0.24% -14.09%
L2050 $26.41 -0.27% -12.04%
L2045 $12.13 -0.27% -11.26%
L2040 $44.61 -0.25% -10.41%
L2035 $11.88 -0.24% -9.47%
L2030 $39.88 -0.21% -8.47%
L2025 $11.54 -0.16% -5.76%
Linc $22.85 -0.12% -2.72%

Live Charts

Pending Allocations

Under development. For now, you may view Pending Allocations by going to "fantasy TSP" and selecting "Leaderboard sort" of "Pending Allocations".