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URL:  http://boards.fool.com/ltltdont-increase-taxes-means-test-benefits-26738638.aspx

Subject:  Re: Obama on payroll tax Date:  6/17/2008  10:08 AM
Author:  SeattlePioneer Number:  13463 of 19483

<<Don't increase taxes, means test benefits.

The inclusion of SS benefits in taxable income is a form of means testing. For a long time SS was totally exempt from income tax. Now anything from 0% to 85% of your benefit is taxed, depending on other income.

We now have a similar sliding scale of Medicare Part B premiums, based on income.

Phil
>>


That's right, and for the same reason.

There's an argument for paying a small stipend to keep indigent fools from starving in their old age. There is no good argument for heavily taxing people (or raising already high taxes) in order to continue paying benefits to the well off middle class who should be looking after themselves.


Why pay benefits to people who don't need them?



Seattle Pioneer
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