Punished for doing well

[rsm]

Calls for Social Security to be capped at a maximum of $50K without any updates for inflation.


We all know Social Security funds have been plundered for decades, and now risk running out of money that most of us paid into all our working lives.


If you also lived below your means, saved, invested, by sacrificing expensive fun, homes, cars, etc., for life, you will be the first targe of the social security cap. If you've done wll financially, your good fiscal behavior is rewarded by having your social security payments capped for life.


The government certainly won't cap income tax at $50K per individual / $100K per married couple; only capping when they have to give our money back to us.


Meanwhile, invaders and demoncrats are stealing billions of taxpayer dollars every year and not facing consequences.

 

[70 Mach 1]

they shouldn't even be deducting it after a certain income limit is reached
Do the Mills and Bills really need it

but then again its all dRumps fault. The main culprit in everything that goes wrong

Fuck SS. they should invest it in the S&P 500 or quality funds and the growth will be beyond comprehension if a person starts early enough say at 18

 

[VonBonfire]

I don't want to pay in to something I will never receive. I've been cognizant for 20 years that I will never receive a dime from them. It never should've existed and it should have a sunset date. Someone's feelings are gonna be hurt, someone is gonna be unfairly cut off by a day or two. Life isn't fair.

 

[TheBiggestJerk]

TAX STRIKE 2026,27,28… Stop funding tyrany.

 

[rsm]

The fact that those who are more successful financially are penalized for their fiscal responsibility are punished for it pisses me off.

Meanwhile, current and former members of Congress, 50% of Americans who pay no income tax, and illegal invaders get free everything funded by taxpayers, while taxpaying citizens and veterans get nothing, and not even a return of what we were forced to pay our entire working lives.

 

[VonBonfire]

The fact that those who are more successful financially are penalized for their fiscal responsibility are punished for it pisses me off.

Meanwhile, current and former members of Congress, 50% of Americans who pay no income tax, and illegal invaders get free everything funded by taxpayers, while taxpaying citizens and veterans get nothing, and not even a return of what we were forced to pay our entire working lives.

If I had your kind of money I'd have already left this dump for someplace in eastern europe that my $ went much further. Foot voting is more effective.

 

[rsm]

TAX STRIKE 2026,27,28… Stop funding tyrany.

never happen. If you work for someone, taxes are taken before you see a penny of your wages. Business owners have too much to lose to risk not paying taxes.

there are countries where you can gain citizenship by investment, what I pay in taxes in under two years is close to what these countries charge. If I don't get social security back to me (and whatever I get will be taxed again), moving to one of these countries becomes a viable option...even then, when you renounce citizenship, you have to pay fees based on your total wealth to leave. There is a lot of detail, and hiring experts who know those details aren't cheap either. However, at some point, it will be cost effective.


https://www.forbes.com/sites/robert...-leaving-us-at-record-pace-but-not-irs-taxes/

we're trapped financially.

 

[rsm]

If I had your kind of money I'd have already left this dump for someplace in eastern europe that my $ went much further. Foot voting is more effective.

I've looked in Asia and the Caribbean as my first choices. It's doable, but a lot of work and money. I'd have to sell just about everything; move money offshore (legally), and hire experts (expensive) to see what total costs and risks are.

My first goal is to get my wealth positioned for my son before I die. Then I'll have less money for the government to tax if I decide to exit the US completely.

Bottom line, probably best to just stay in the US and keep taking the annual pounding from Uncle Sam's IRS and hoping it doesn't get even worse (it will) too fast.

 

[VonBonfire]

I've looked in Asia and the Caribbean as my first choices. It's doable, but a lot of work and money. I'd have to sell just about everything; move money offshore (legally), and hire experts (expensive) to see what total costs and risks are.

My first goal is to get my wealth positioned for my son before I die. Then I'll have less money for the government to tax if I decide to exit the US completely.

Bottom line, probably best to just stay in the US and keep taking the annual pounding from Uncle Sam's IRS and hoping it doesn't get even worse (it will) too fast.

I don't really care about material junk so I could leave with one guitar and a backpack full of clothes and I'm ok with that. I've been looking at a few countries in eastern europe, Serbia, Greece, Montenegro, Albania, but the situation will have to remain stable for the next five or ten years until my parents are dead.

Greece the buy in is 500,000 euros for permanent residency or 250,000 for a renovation or converting a business into a residency. I think Serbia is just any real estate purchase to get residency. Not sure how the US tax situation would work after that but I don't really plan on doing anything on the books once I left anyways. Crete looks nice but Serbia has a better blues scene. The bottom line is if you have the money you can do whatever you want, just like the jerks running the US do.

 

[rsm]

I don't really care about material junk so I could leave with one guitar and a backpack full of clothes and I'm ok with that. I've been looking at a few countries in eastern europe, Serbia, Greece, Montenegro, Albania, but the situation will have to remain stable for the next five or ten years until my parents are dead.

Greece the buy in is 500,000 euros for permanent residency or 250,000 for a renovation or converting a business into a residency. I think Serbia is just any real estate purchase to get residency. Not sure how the US tax situation would work after that but I don't really plan on doing anything on the books once I left anyways. Crete looks nice but Serbia has a better blues scene. The bottom line is if you have the money you can do whatever you want, just like the jerks running the US do.

yes, wealth opens more opportunities; the greater the wealth, the greater the opportunities.

The Caribbean has some of the cheapest options for citizenship by investment; Cambodia is another; Thailand and Vietnam are getting tougher and restrictive; Loas is considering offering a new plan....then there are Pacific island nations like Vanuatu,... , and some of the better tax shelters (e.g., income you earn outside of the country isn't taxed by your new country). In the Caribbean or Pacific, I'd try to buy and live on a sailing cat...

But by the time you get to that point, you've lost half you wealth to the IRS trying to leave - which is why I'd need to transfer everything to my kid before I died, move some money over to my future country over time (legally, and safely), so if I did leave, I'd have much less wealth to tax...there's no magic wand to make this quick, safe or affordable

 

[VonBonfire]

yes, wealth opens more opportunities; the greater the wealth, the greater the opportunities.

The Caribbean has some of the cheapest options for citizenship by investment; Cambodia is another; Thailand and Vietnam are getting tougher and restrictive; Loas is considering offering a new plan....then there are Pacific island nations like Vanuatu,... , and some of the better tax shelters (e.g., income you earn outside of the country isn't taxed by your new country). In the Caribbean or Pacific, I'd try to buy and live on a sailing cat...

But by the time you get to that point, you've lost half you wealth to the IRS trying to leave - which is why I'd need to transfer everything to my kid before I died, move some money over to my future country over time (legally, and safely), so if I did leave, I'd have much less wealth to tax...there's no magic wand to make this quick, safe or affordable

Which nations in the Caribbean were you looking into? I'd like to at least take a look at those since I'm averse to anyplace with cold weather.

I'm not really looking to dump US citizenship, just get a permanent residency abroad and make some decisions about citizenship later. Not sure how that would work tax wise. I know the EU has high taxes but so does the US. I've also thought about getting a residency by studying abroad and possibly doing something work wise after that. I guess I have a lot to think about but no real plans to do anything until my parents are gone so it's mostly talk and taking a few preliminary looks until then. A lot can change in a decade....

 

[84superchamp]

never happen. If you work for someone, taxes are taken before you see a penny of your wages. Business owners have too much to lose to risk not paying taxes.

there are countries where you can gain citizenship by investment, what I pay in taxes in under two years is close to what these countries charge. If I don't get social security back to me (and whatever I get will be taxed again), moving to one of these countries becomes a viable option...even then, when you renounce citizenship, you have to pay fees based on your total wealth to leave. There is a lot of detail, and hiring experts who know those details aren't cheap either. However, at some point, it will be cost effective.


https://www.forbes.com/sites/robert...-leaving-us-at-record-pace-but-not-irs-taxes/



View attachment 440014



View attachment 440015

View attachment 440016

we're trapped financially.

Taxed while a citizen of a foreign country is spot-on taxation w/o representation.
But the US is now so far from the ideals of 1776 that it's almost unrecognizable.

 

[JDs Couch]

If I had your kind of money I'd have already left this dump for someplace in eastern europe that my $ went much further. Foot voting is more effective.

Agreed, it would be better for everyone if he left.

 

[VonBonfire]

Agreed, it would be better for everyone if he left.

Meanwhile you're crying about the price of a gallon of fuel.

 

[Picasso]

He's a big electric advocate, we all know that.

 

[VonBonfire]

He's a big electric advocate, we all know that.

He's a net-zero beer drinker.

That should be a bannable offense here.

 

[Picasso]

He's a net-zero beer drinker.

That should be a bannable offense here.

His biking outfit should be even a bigger offense here, some weird S&M shit.

 

[VonBonfire]

His biking outfit should be even a bigger offense here, some weird S&M shit.

I bet he has one of those chinese gas motors installed on his bike.

 

[rsm]

Agreed, it would be better for everyone if he left.

 

[rsm]

I bet he has one of those chinese gas motors installed on his bike.
View attachment 440098

powered by sheep gas. like any good NZ communist anti-capitalist business tycoon