(September 18, 2018 at 7:49 am)Joods Wrote:Oops sorry! I got SSI confused with SSA.(September 18, 2018 at 7:15 am)Aroura Wrote: The rich can and do collect SSI
Oh, and here is how many/much in reality.
How much do the rich collect in SSI?
I specifically asked about SSI benefits, since that's the claim:
mh.brewer Wrote:I'm fine with cutting of SSI and medicare to the wealthy. In 2010, 47 million collected benefits while making over 100K per year. I've seen another estimate of 1.4 billion per year in SSI benefits to millionaires.
The article you quoted, doesn't even address SSI benefits at all.
The article was misquoted as when you quoted it, it left out the linked words "Social security retirement". The article is completely based on earnings and even goes into the fact that a wealthy person may not even qualify for SSA (Retirement benefits). SSI vs SSA are different monsters. And it's important to understand the difference.
SSA is money based off of your income and how many years you worked. This is the money that comes directly from Social Security funds that you paid into.
If you are disabled and cannot work and do not have enough work credit hours to qualify for SSDI, you may qualify for SSI benefits. There are several factors they take into consideration with that.
Sorry Aroura, if you're going to use an article to make a point about wealthy getting SSI benefits, at least be accurate about it.
Link directly from ssa.gov explaining SSI and the differences between it and retirement benefits.
Quote:SUPPLEMENTAL SECURITY INCOME (SSI) OVERVIEWsome bolding mine.
WHAT IS SSI?
SSI stands for Supplemental Security Income. Social Security administers this program. We pay monthly benefits to people with limited income and resources who are disabled, blind, or age 65 or older. Blind or disabled children may also get SSI.
HOW IS SSI DIFFERENT FROM SOCIAL SECURITY BENEFITS?
Many people who are eligible for SSI may also be entitled to Social Security benefits. In fact, the application for SSI is also an application for Social Security benefits. However, SSI and Social Security are different in many ways.
- Social Security benefits may be paid to you and certain members of your family if you are “insured” meaning you worked long enough and paid Social Security taxes. Unlike Social Security benefits, SSI benefits are not based on your prior work or a family member's prior work.
- SSI is financed by general funds of the U.S. Treasury--personal income taxes, corporate and other taxes. Social Security taxes collected under the Federal Insurance Contributions Act (FICA) or the Self-Employment Contributions Act (SECA) do not fund the SSI program.
- In most States, SSI recipients also can get medical assistance (Medicaid)- to pay for hospital stays, doctor bills, prescription drugs, and other health costs.
- Many States also provide a supplemental payment to certain SSI recipients.
- SSI recipients may also be eligible for food assistance in every State except California. In some States, an application for SSI also serves as an application for food assistance.
- SSI benefits are paid on the first of the month.
- To get SSI, you must be disabled, blind, or at least 65 years old and have "limited" income and resources.
No need to get nasty. It was an honest mistake.
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― Tom Stoppard, Rosencrantz and Guildenstern Are Dead