Average lifetime Social Security donation???
#6701678
12/21/19 08:23 PM
12/21/19 08:23 PM
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Joined: Dec 2006
Posts: 21,716 Sandhills Nebraska
Gary Benson
OP
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OP
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Joined: Dec 2006
Posts: 21,716
Sandhills Nebraska
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I know, there's a website you can register with and find this out supposedly, but I feel I may be setting myself up for something if I register. Just wondering if anyone knows what the average working stiff (and his employer) pays into SS over a lifetime.? And millions pay in their whole life, then die before they can collect anything back.
Life ain't supposed to be easy.
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Re: Average lifetime Social Security donation???
[Re: Gary Benson]
#6701756
12/21/19 09:22 PM
12/21/19 09:22 PM
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Joined: Jan 2018
Posts: 4,585 MN
Donnersurvivor
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Posts: 4,585
MN
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Re: Average lifetime Social Security donation???
[Re: Posco]
#6701761
12/21/19 09:25 PM
12/21/19 09:25 PM
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Joined: Dec 2006
Posts: 17,660 Rodney,Ohio
SNIPERBBB
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Joined: Dec 2006
Posts: 17,660
Rodney,Ohio
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SS should be payable on demand in full at retirement age. If someone wants to retire at sixty and take what they paid into the "Trust Fund" there should be no reason to deny them their claim. Youd think so but pensions and SS are just legalized pyramid schemes and they'd collapse if people took their money in lumpsums. Thats why people need to have their own retirement accounts seperate from SS or pensions so you can always get your money back..well most of it after you pay the tax penalties for early withdrawals.
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Re: Average lifetime Social Security donation???
[Re: Gary Benson]
#6701816
12/21/19 09:58 PM
12/21/19 09:58 PM
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Joined: Jun 2015
Posts: 4,966 rogers city mi.
jeff karsten
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rogers city mi.
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And then they want part of it back cant imagine what theyed tax you on a lump sum
olden tyred
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Re: Average lifetime Social Security donation???
[Re: Gary Benson]
#6701831
12/21/19 10:05 PM
12/21/19 10:05 PM
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Joined: May 2010
Posts: 10,490 MN
Steven 49er
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Joined: May 2010
Posts: 10,490
MN
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I know, there's a website you can register with and find this out supposedly, but I feel I may be setting myself up for something if I register. Just wondering if anyone knows what the average working stiff (and his employer) pays into SS over a lifetime.? And millions pay in their whole life, then die before they can collect anything back. It's a good idea to check you SSI statement at least once a year. If for nothing else to ensure whomever you are working for has paid in the correct amount in your name. Mistakes can and do happen.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Average lifetime Social Security donation???
[Re: Gary Benson]
#6702077
12/22/19 04:18 AM
12/22/19 04:18 AM
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Joined: Dec 2006
Posts: 11,247 Oregon
beaverpeeler
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Joined: Dec 2006
Posts: 11,247
Oregon
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I'm way too young to worry about such things.
My fear of moving stairs is escalating!
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Re: Average lifetime Social Security donation???
[Re: Gary Benson]
#6702211
12/22/19 09:28 AM
12/22/19 09:28 AM
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Joined: Mar 2013
Posts: 17,039 Fredonia, PA.
Finster
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Joined: Mar 2013
Posts: 17,039
Fredonia, PA.
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I've been paying in for about 36 years now. I have no idea what I've paid in so far. I expect to see nothing back. It's a Ponzi scheme run by the government. Thanks FDR! Typical libtard, taking and taking from the people that earn it and giving it to the people that don't. They were never supposed to be able to touch that money. That was the deal when it first started. The government was supposed to keep their mitts off. However, they have robbed it so many times now their is nothing left. Think about it. There should be a huge surplus if anything. How many people pay into it for 50 years, collect for 15 or less than pass away. If they didn't give it to every jackwagon with a hangnail and all the others that haven't put squat into it, things would be fine. Look at the first word. "Social". Typical socialism at work. Take all your money, give it to everyone else so now everyone will be the same amount of poor.
I BELIEVE IN MY GOD, MY COUNTRY AND IN MYSELF.
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Re: Average lifetime Social Security donation???
[Re: Gary Benson]
#6702322
12/22/19 11:01 AM
12/22/19 11:01 AM
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Joined: Dec 2010
Posts: 34,926 Central, SD
Law Dog
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Central, SD
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Where has the cost of living gone in the last 50 years when was the last SS raise you heard of?
Was born in a Big City Will die in the Country OK with that!
Jerry Herbst
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Re: Average lifetime Social Security donation???
[Re: Gary Benson]
#6702356
12/22/19 11:44 AM
12/22/19 11:44 AM
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Joined: Jan 2014
Posts: 3,240 Co.-Wy. part time AK.
wy.wolfer
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trapper
Joined: Jan 2014
Posts: 3,240
Co.-Wy. part time AK.
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I know, there's a website you can register with and find this out supposedly, but I feel I may be setting myself up for something if I register. Just wondering if anyone knows what the average working stiff (and his employer) pays into SS over a lifetime.? And millions pay in their whole life, then die before they can collect anything back. I know, there's a website you can register with and find this out supposedly, but I feel I may be setting myself up for something if I register. Just wondering if anyone knows what the average working stiff (and his employer) pays into SS over a lifetime.? And millions pay in their whole life, then die before they can collect anything back. The government takes 15.5% of what you earn as a social security/medicare tax, half from the workers pay and half from the employer. Make no mistake, the worker is really the one paying it. The maximum taxed income rate for 2019 is $132,900. That means someone making this amount this year pays $20,599.00 into the SS system this year. And, if you make more your benefits are reduced significantly.
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