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View Diary: Boehner Plan B does not include chained CPI? Take it off the table (143 comments)

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  •  Basically, SS benefit is 90% of average salary (0+ / 0-)

    up to certain cutoff then 32% of salary between first and second cutoffs and 15% of salary after the second cutoff. So if your average salary was low enough, you'll get 90% of it as a SS benefit. If it was higher, you will get much less. And the SS tax you pay is fixed as a % of income so people with lower income get a lot more in benefits than they paid in taxes. That's means testing. I don't have a problem with it but we shouldn't pretend that it doesn't exist.

    •  I have very wealthy friends that get very high (1+ / 0-)
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      social security payments. They did not have to qualify for that amount, they received what is calculated as to what they paid in over the years.

      I also have some other friends very well off that collect ss disability payments, so I doubt there is any means testing there as they would never qualify.

      I am aware that for welfare, food stamps and programs like that you do have to pass a means tests to qualify. I have a neighbor on gets food stamps and Medicaid help and she had to qualify by income, bank statements, her expenses, etc. just like qualifying for a loan to show her need.

      Perhaps we are looking at it from different sides, mine being that what you collect (the amount) does not require you to prove you need, nor is it reduced for other income that you have.

      As Pelosi was saying - protecting the poor/needy from cuts in using a chained cpi, the only way that could be done would be a means test, that they would qualify for that protection from cuts that others collecting SS would not.

      Are we on the same page here?

      "Who are these men who really run this land? And why do they run it with such a thoughtless hand?" David Crosby

      by allenjo on Thu Dec 20, 2012 at 06:52:54 PM PST

      [ Parent ]

      •  You mean that people don't qualify for certain (0+ / 0-)

        benefits if their income exceeds certain threshold. That's true for many programs although not for social security as you're saying.

        But it is not necessary to change SS in such a way to protect low income seniors. Since the formula for calculation of SS benefits is already quite complex, there are plenty of ways it can be modified to preserve the income of lower income recipients.

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