Federal - 1982 Married Filing Jointly Tax Brackets
Tax Bracket Tax Rate
$0.00+ 0%
$3,400.00+ 12%
$5,500.00+ 14%
$7,600.00+ 16%
$11,900.00+ 19%
$16,000.00+ 22%
$20,200.00+ 25%
$24,600.00+ 29%
$29,900.00+ 33%
$35,200.00+ 39%
$45,800.00+ 44%
$60,000.00+ 49%
$85,600.00+ 50%

Current( I believe )
Tax Bracket Tax Rate
$0.00+ 10%
$23,850.00+ 12%
$96,950.00+ 22%
$206,700.00+ 24%
$394,600.00+ 32%
$501,050.00+ 35%
$751,600.00+ 37%

$100,000 using CPI would be $30,000 in 1982.

Good thing you were not working in the good ole days in the 70's and 80's.

I don't have a spouse, if I die it's all gone. Neat.


So you are saying two wrongs make a right?

It’s all gone the moment you pay it - like term insurance. SS is not a savings plan. It is insurance. Many people do not understand this or take the time to learn about our SS.

Go tell all the people saying "but its my money!"

What I'm saying is; things ain't nearly as bad as they were in the good ole days. Taxes are not wrong. They are a necessary evil, if you have a government.

Dang Steven, best I don't mention that to my wife or she'll have you set up with one of her Colombiana friends.

Last year over 2

Seems like taxes are under control and reasonable. Let's not add in the 10k in property, sales, user taxes like gas, permits and fees.

I wish taxes were not payroll deducted and individuals had to sign and send quarterly checks. I would expect folks would be much more happy about DOGE if that were the case. It would make it real to the general population seeing the money go out vs never getting it in the first place.

Add all the taxes I pay now and it's more than I made a year when bought my first house and got married..

PF, there would be millions of tax payers that would be willing to change places with you. At 6.2 % divided into 8772 you had 141,000K earned with SS taxes and with smart tax planning you paid only 13,400 of federal income tax or an effective rate of about 9.4%

Bryce

But hey, us retirees need you for this ponzi scheme. Thanks!

If everybody gets to keep their SS, then can I get back the match that I paid when in business for 28 years. Half of what you show was paid by you're employer which was mandated by the Gov.

Let's just get rid of it. Keep old age benefits for current recipients. Provide benefits to eligible folks with a birthday before X date. It will give the younger workers time to prepare.

Eliminate benefits immediately for all but the worst disability cases. And end that program going forward.

Problem solved.

That might work, Therefore, it will never be pursued.

Social Security was quite a help to me in College. I was still in High School when my dad retired so I got benefits up until age 22 while attending Ag school. $130/month freshman year and had increased to $180 by age 22. Just enough to cover board and room. Trapping and farming paid the rest.

Carl, one ex-wife is enough lol.

Just takes another executive order these days.

Smart man!

Thanks bp. I need to check that out. I think what I read on My SS. site was taking it upon the passing of the recipiant. And spouse had to be at least 60 y.o., and got 70% if taken before full retirement age.

It was late when I read this last night and I misunderstood what you typed I think? Still not sure but I think You used the ss tax that and worked backwards to figure yearly I come then used that to figured the tax % I paid.

If so something was a little off my income was higher from work. The farm generated income as well So I paid a lower % yet. Then after deductions and business expenses I got a good refund. So paid a much lower %. Everyone needs to have a business or corporation and make investments. Use the tax code to your advantage.

In other words, learn from Trump!

That brings up something else. If I die all that money that was taken is gone.

I've said it more than once, if I had that 13 percent that has been paid into the program in my name and put it into an IRA there would be more than one million dollars in there that I could bequeath to my children.