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+--- Thread: Now that the 2 year payroll tax holiday has ended, how many of you wise investors got rich in the stock market? (/thread-57330.html)
Now that the 2 year payroll tax holiday has ended, how many of you wise investors got rich in the stock market? - S S - 01-24-2013 08:34 PM
One of the Con's political wet dreams is to do away with Social Security, and let those who normally have to shoot their dinner invest their 7.65% in the stock market. So how did you do? How much of it do you have left? Still think gutting SS is a good idea?
Steve, I realize this is Yahoo, so the bar is set a lot lower than it would be if it were real life. With that in mind, a good investment portfolio could mean you didn't bounce a check for the first time in 10 years,
Brenton, thanks for making my point about the low bar. No where in your answer do you address my question.
- Antie Pantie - 01-24-2013 08:42 PM
"One of the Con's political wet dreams is to do away with Social Security..."
You have absolutely NO idea what you're talking about! Social Security is a Ponzi scheme, and though it is no more than a scam, a person on SS still only receives what he or she has paid into it!
Even Obama admits that Social Security needs serious reform ... but on the list of entitlement programs that I would cut, Social Security would be among the last (I think the same can be said for all conservatives).
- Steve Rogers - 01-24-2013 08:42 PM
I have a good investment portfolio... I am like the ant, I work hard and save. You grasshoppers just complain and complain. I wish that I could have kept the money stolen from my paycheck for Social Securtiy and invested it myself....I would have a lot MORE money.
- Kaleb B - 01-24-2013 08:42 PM
http://aplaceforthediscontent.com/2013/01/01/fiscal-cliff-deal-reached-for-now/
- squarecan878 - 01-24-2013 08:42 PM
If we don't do something soon, SS will be bankrupt. So the answer to your question is, I did not get rich on that extra few dollars per payday, but I did indeed invest it and my investments are doing fine thanks for asking.
- brenton s - 01-24-2013 08:42 PM
It is Yahoo, and the bar is set very low. The payroll tax holiday helped Social Security. While you weren't paying attention, the general taxpayer paid $103 billion (2011 alone) for the 'holiday'. Since no one was penalized for not contributing, those workers did very well. It was the rest of the tax base that was mugged.
Payroll taxes are 15.3% not 7.65. They include 2.9% which is medicare, not Social Security. Owners do not 'match' your 'contribution', they lower your offered salary to reflect the taxes.
"Fix Social Security Now" on FB and at http://www.FixSSNow.Org
- Mark - 01-24-2013 08:42 PM
Thirty-seven people.
I don't really know, I just always answer with that number to every blatantly rhetorical question that begins with "how many."