THE PATTY MELT: a symbol of American greatness.
Yes, it's a bit late (okay, way late) -- but it's still a great story.
Tuesday, February 27, 2024
INSTAPUNDIT: America needs more McJobs.
Where else will Federal bureaucrats go after President Trump fires them? Unfortunately there won't be any left for them when they're fired; Bidenomics has already forced retired seniors back to the workforce to take them.
Where else will Federal bureaucrats go after President Trump fires them? Unfortunately there won't be any left for them when they're fired; Bidenomics has already forced retired seniors back to the workforce to take them.
HE'S MAD BECAUSE THE REPUBLICANS DIDN'T INCLUDE HIM. Obama accuses Republicans of fueling 'anger' with its 'elitist economic agenda'.
IT'S GONNA BE A REALLY TOUGH JOB: Can Trump clean the Augean stables on the Potomac?
For those of you who don't recognize the phrase, here's the definition of Augean stable.
For those of you who don't recognize the phrase, here's the definition of Augean stable.
THANK GOODNESS FOR GENERAC: Here come the blackouts.
We've already had a few here in the last two weeks....
We've already had a few here in the last two weeks....
QUESTIONS, QUESTIONS: The frightened Left.
An impeachment inquiry looms and the shrieks of outrage are beginning.Turnabout is fair play, and I hope Trump plays it good and hard.
The Left is now suddenly voicing warnings that those who recently undermined the system could be targeted by their own legacies.
So, for example, now we read why impeachment is suddenly a dangerous gambit.
BUT THERE'S ALWAYS IRMAA: Social Security is running out of money.
What interests me is not that Social Security is running out of money but that a 'typical newly retired, dual-earner couple will see their Social Security checks reduced by $17,400 annually.'
Let's do the math [FWIW, I learned math when it still involved numbers]. As of 2024, maximum benefit is $3,822/month, or $45,864 annually. To receive that amount, the recipient would have to be 66 years old and earned the Social Security maximum for the prior 35 years.
So a 23% reduction in benefit would be $10,549 each, or $21, 098 for that newly retired dual income couple. My wife and I were solidly upper middle class when we retired and I suspect our social security income is higher than average. That said, the 23% reduction for us would be only about $12,000.
So to claim a $17,000 reduction for a 'typical newly retired dual-income couple' is more than a bit disingenuous, it's a lie.
Then there's the income-related monthly adjusted amount (IRMAA), meaning the 'you make too much money outside of Social Security' tax, which is an additional 17% ($5,000) reduction in our Social Security income.
Many more such reductions and we'll owe Social Security every year....
What interests me is not that Social Security is running out of money but that a 'typical newly retired, dual-earner couple will see their Social Security checks reduced by $17,400 annually.'
Let's do the math [FWIW, I learned math when it still involved numbers]. As of 2024, maximum benefit is $3,822/month, or $45,864 annually. To receive that amount, the recipient would have to be 66 years old and earned the Social Security maximum for the prior 35 years.
So a 23% reduction in benefit would be $10,549 each, or $21, 098 for that newly retired dual income couple. My wife and I were solidly upper middle class when we retired and I suspect our social security income is higher than average. That said, the 23% reduction for us would be only about $12,000.
So to claim a $17,000 reduction for a 'typical newly retired dual-income couple' is more than a bit disingenuous, it's a lie.
Then there's the income-related monthly adjusted amount (IRMAA), meaning the 'you make too much money outside of Social Security' tax, which is an additional 17% ($5,000) reduction in our Social Security income.
Many more such reductions and we'll owe Social Security every year....
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