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Re: It's Official - Babyboomers Start Collecting Social Security
Quote:
Originally Posted by goober
2017 is the back end of the Reagan Tax Cuts, he cut taxes on the rich and raised Social Security on the middle class to partially offset the huge deficits he created. But the extra social security was going to be saved in US government securities, which it was, and used to offset the increased demand on the system when the boomers retired, which it will.
By now the wealthy should have made so much by investing that money, that the additional income taxes should be no problem, at least that's how Reagan presented it.
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Your expert opinion is different than those of the US Department of Treasury and the trustees.
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