Home › Forums › Financial Markets/Economics › Economic Theory
- This topic has 140 replies, 14 voices, and was last updated 15 years, 10 months ago by peterb.
-
AuthorPosts
-
February 24, 2009 at 10:13 AM #353916February 24, 2009 at 10:25 AM #353346Nor-LA-SD-guyParticipant
[quote=cr]Government enmployees DO pay SS tax. That was an email hoax that went around a while back, but they also DO collect on it.
They also get an employer matched retirement program similar to a 401k (we’re their employer btw) and their pensions.
http://www.senate.gov/reference/resources/pdf/RL30631.pdf%5B/quote%5D
The Senate is now required to pay (there was a big Uproar about them stealing the funds etc.. without paying into it) but not most other gov branches where they still have the option to opt out.
Anyway if this is a Tax ??Should not we all be required to pay ?? (that is the question I guess).
SS is a tax not a retirement plan !!
February 24, 2009 at 10:25 AM #353656Nor-LA-SD-guyParticipant[quote=cr]Government enmployees DO pay SS tax. That was an email hoax that went around a while back, but they also DO collect on it.
They also get an employer matched retirement program similar to a 401k (we’re their employer btw) and their pensions.
http://www.senate.gov/reference/resources/pdf/RL30631.pdf%5B/quote%5D
The Senate is now required to pay (there was a big Uproar about them stealing the funds etc.. without paying into it) but not most other gov branches where they still have the option to opt out.
Anyway if this is a Tax ??Should not we all be required to pay ?? (that is the question I guess).
SS is a tax not a retirement plan !!
February 24, 2009 at 10:25 AM #353791Nor-LA-SD-guyParticipant[quote=cr]Government enmployees DO pay SS tax. That was an email hoax that went around a while back, but they also DO collect on it.
They also get an employer matched retirement program similar to a 401k (we’re their employer btw) and their pensions.
http://www.senate.gov/reference/resources/pdf/RL30631.pdf%5B/quote%5D
The Senate is now required to pay (there was a big Uproar about them stealing the funds etc.. without paying into it) but not most other gov branches where they still have the option to opt out.
Anyway if this is a Tax ??Should not we all be required to pay ?? (that is the question I guess).
SS is a tax not a retirement plan !!
February 24, 2009 at 10:25 AM #353822Nor-LA-SD-guyParticipant[quote=cr]Government enmployees DO pay SS tax. That was an email hoax that went around a while back, but they also DO collect on it.
They also get an employer matched retirement program similar to a 401k (we’re their employer btw) and their pensions.
http://www.senate.gov/reference/resources/pdf/RL30631.pdf%5B/quote%5D
The Senate is now required to pay (there was a big Uproar about them stealing the funds etc.. without paying into it) but not most other gov branches where they still have the option to opt out.
Anyway if this is a Tax ??Should not we all be required to pay ?? (that is the question I guess).
SS is a tax not a retirement plan !!
February 24, 2009 at 10:25 AM #353926Nor-LA-SD-guyParticipant[quote=cr]Government enmployees DO pay SS tax. That was an email hoax that went around a while back, but they also DO collect on it.
They also get an employer matched retirement program similar to a 401k (we’re their employer btw) and their pensions.
http://www.senate.gov/reference/resources/pdf/RL30631.pdf%5B/quote%5D
The Senate is now required to pay (there was a big Uproar about them stealing the funds etc.. without paying into it) but not most other gov branches where they still have the option to opt out.
Anyway if this is a Tax ??Should not we all be required to pay ?? (that is the question I guess).
SS is a tax not a retirement plan !!
February 24, 2009 at 10:50 AM #353407sdduuuudeParticipant[quote=afx114]Would you want a Fire Department determining that your house and family is not worth the cost to their bottom line? Sounds a lot like the healthcare industry.
[/quote]Sure. No problem. Private fire departments exist and operate just fine.
Focus, people – try not to threadjack threadkiller.
February 24, 2009 at 10:50 AM #353719sdduuuudeParticipant[quote=afx114]Would you want a Fire Department determining that your house and family is not worth the cost to their bottom line? Sounds a lot like the healthcare industry.
[/quote]Sure. No problem. Private fire departments exist and operate just fine.
Focus, people – try not to threadjack threadkiller.
February 24, 2009 at 10:50 AM #353853sdduuuudeParticipant[quote=afx114]Would you want a Fire Department determining that your house and family is not worth the cost to their bottom line? Sounds a lot like the healthcare industry.
[/quote]Sure. No problem. Private fire departments exist and operate just fine.
Focus, people – try not to threadjack threadkiller.
February 24, 2009 at 10:50 AM #353883sdduuuudeParticipant[quote=afx114]Would you want a Fire Department determining that your house and family is not worth the cost to their bottom line? Sounds a lot like the healthcare industry.
[/quote]Sure. No problem. Private fire departments exist and operate just fine.
Focus, people – try not to threadjack threadkiller.
February 24, 2009 at 10:50 AM #353986sdduuuudeParticipant[quote=afx114]Would you want a Fire Department determining that your house and family is not worth the cost to their bottom line? Sounds a lot like the healthcare industry.
[/quote]Sure. No problem. Private fire departments exist and operate just fine.
Focus, people – try not to threadjack threadkiller.
February 24, 2009 at 11:12 AM #353462garysearsParticipantSorry. I’m not a member of congress. There is no employer matched retirement program for me. Please don’t extrapolate benefits congress gives themselves to all federal employees.
Also, I would opt out of SS in a second if I could, but that is not possible. A basic google of that idea suggests the opt out window was closed in 1984 and SS is now mandatory for all federal employees.
Final point. I am a federal (military) employee but I am also a taxpayer like everyone else. Sometimes it seems people suggest government employees get a free ride. There are in fact tax benefits to military service if you are willing to pay the personal price (ie. allowances and tax free pay while serving in combat zone, etc..), but miltary retention issues shows that pay and pensions aren’t everything in life.
I guess the threadjacking is complete.
February 24, 2009 at 11:12 AM #353773garysearsParticipantSorry. I’m not a member of congress. There is no employer matched retirement program for me. Please don’t extrapolate benefits congress gives themselves to all federal employees.
Also, I would opt out of SS in a second if I could, but that is not possible. A basic google of that idea suggests the opt out window was closed in 1984 and SS is now mandatory for all federal employees.
Final point. I am a federal (military) employee but I am also a taxpayer like everyone else. Sometimes it seems people suggest government employees get a free ride. There are in fact tax benefits to military service if you are willing to pay the personal price (ie. allowances and tax free pay while serving in combat zone, etc..), but miltary retention issues shows that pay and pensions aren’t everything in life.
I guess the threadjacking is complete.
February 24, 2009 at 11:12 AM #353908garysearsParticipantSorry. I’m not a member of congress. There is no employer matched retirement program for me. Please don’t extrapolate benefits congress gives themselves to all federal employees.
Also, I would opt out of SS in a second if I could, but that is not possible. A basic google of that idea suggests the opt out window was closed in 1984 and SS is now mandatory for all federal employees.
Final point. I am a federal (military) employee but I am also a taxpayer like everyone else. Sometimes it seems people suggest government employees get a free ride. There are in fact tax benefits to military service if you are willing to pay the personal price (ie. allowances and tax free pay while serving in combat zone, etc..), but miltary retention issues shows that pay and pensions aren’t everything in life.
I guess the threadjacking is complete.
February 24, 2009 at 11:12 AM #353937garysearsParticipantSorry. I’m not a member of congress. There is no employer matched retirement program for me. Please don’t extrapolate benefits congress gives themselves to all federal employees.
Also, I would opt out of SS in a second if I could, but that is not possible. A basic google of that idea suggests the opt out window was closed in 1984 and SS is now mandatory for all federal employees.
Final point. I am a federal (military) employee but I am also a taxpayer like everyone else. Sometimes it seems people suggest government employees get a free ride. There are in fact tax benefits to military service if you are willing to pay the personal price (ie. allowances and tax free pay while serving in combat zone, etc..), but miltary retention issues shows that pay and pensions aren’t everything in life.
I guess the threadjacking is complete.
-
AuthorPosts
- You must be logged in to reply to this topic.