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07-06-2025, 01:01 PM
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#16
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Valued Poster
Join Date: Sep 2, 2024
Location: Houston texas
Posts: 1,000
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I am not sure how I will benefit.
I get the max in SS, which for 2025 will be a little over $5100. I also have 23% taken out each month in federal income taxes due to my tax bracket,.
So even though I am 78, (close to 79, I still work with a substantial income. But will I be penalized for continuing to be part of the workforce while drawing my SS.
It is like a circle. I draw a weekly check, subject to SS withholding, they then write me a big check every month, taking out the required income taxes due on my SS.
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07-06-2025, 02:01 PM
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#17
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BANNED
Join Date: Sep 6, 2010
Location: Rent free in someone's head
Posts: 953
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Quote:
Originally Posted by TheDaliLama
From the mouths of those who do nothing but spread lies and misinformation about anything Trump. Y’all can never tell the whole truth about anything.
Tell this to the millions (including myself) who will no longer have to pay taxes on their SS income because of the tax deductions in this bill. Remember….It was also the thieving Dims that taxed SS in the first place.
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You must be pretty broke for this to mean you won't pay ANY taxes on your SS anymore. Here's the whole truth, and nothing the white house says changes it.
Don't let the trump cult syndrome blind you to reality. Unless you are really broke.
The bill doesn't eliminate taxes on Social Security, but rather introduces a temporary deduction that beneficiaries can claim to lower their federal income tax. Notably, that deduction applies to all of a senior's income — not just to Social Security benefits.
Bobby Kogan, senior director of federal budget policy at the Center for American Progress, a nonpartisan think tank in Washington, D.C., told CBS MoneyWatch the bill doesn't change the taxation of Social Security benefits. Eliminating taxes on Social Security under the bill was impossible because of a congressional restriction (dubbed the Byrd Rule after late West Virginia Sen. Robert Byrd) that limits what the Senate can include in a reconciliation bill like the Republican budget measure.
What the bill does do is provide a temporary tax deduction of up to $6,000 for seniors aged 65 and older. The tax break is available to people with an adjusted gross incomes of $75,000 or less and $150,000 or less for couples filing jointly. The deduction is set to expire at the end of 2028.
"Each spouse can take the deduction, for a total of $12,000, if both are 65-plus," AARP explains in its analysis of the budget bill. The deduction phases out for people who earn above those amounts.
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07-06-2025, 02:54 PM
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#18
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Lifetime Premium Access
Join Date: Jan 1, 2010
Location: Austin Texas
Posts: 3,771
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Quote:
Originally Posted by tomdooley43
What this bill did changed only the timeline of the issue. Our representatives would have had to and will still have to fix the problem sooner or later. Is this your favorite whine? All I ever read from you is gloom and doom, Trump this and Trump that. Why haven't you run for public office and fixed all of this?
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Maybe if someone in either administration or party actually seemed to care about the issue then maybe I wouldn’t be so “doom and gloom” about it as you say.
The depletion of the social security trust fund is a known problem and the last time they did anything about it was the social security act in 1983.
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07-06-2025, 05:06 PM
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#19
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BANNED
Join Date: Sep 6, 2010
Location: Rent free in someone's head
Posts: 953
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Quote:
Originally Posted by Jacky S
I am not sure how I will benefit.
I get the max in SS, which for 2025 will be a little over $5100. I also have 23% taken out each month in federal income taxes due to my tax bracket,.
So even though I am 78, (close to 79, I still work with a substantial income. But will I be penalized for continuing to be part of the workforce while drawing my SS.
It is like a circle. I draw a weekly check, subject to SS withholding, they then write me a big check every month, taking out the required income taxes due on my SS.
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You can be sure that you WON'T benefit. If I were old enough to collect benefits, neither would I. I'm going to be in the same payment bracket as you, assuming there's still a SS system to pay out.
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07-06-2025, 07:23 PM
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#20
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Valued Poster
Join Date: Feb 27, 2010
Location: houston
Posts: 11,543
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Once again members:
The point is Trump is going around lying. He is saying tax on SS benefits have been eliminated.
They have not.
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07-06-2025, 07:40 PM
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#21
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Lifetime Premium Access
Join Date: Jan 1, 2010
Location: Austin Texas
Posts: 3,771
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Quote:
Originally Posted by VitaMan
Once again members:
The point is Trump is going around lying. He is saying tax on SS benefits have been eliminated.
They have not.
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Donald Trump always lies. Nothing new there. I would rate this as partially true.
They did make some changes that gave seniors making less than 75,000 annually a tax break on all their income. This extra deduction expires in 2028.
What the bill does do is provide a temporary tax deduction of up to $6,000 for seniors aged 65 and older. The tax break is available to people with an adjusted gross incomes of $75,000 or less and $150,000 or less for couples filing jointly. The deduction is set to expire at the end of 2028.
Basically it’s a gift to seniors that expires at the end of Trump’s term. This was done in this way only because they couldn’t actually remove taxes on Social Security. Because the bill passed through reconciliation the Byrd rule kept them from doing it any other way.
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07-06-2025, 07:46 PM
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#22
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Valued Poster
Join Date: Sep 2, 2024
Location: Houston texas
Posts: 1,000
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Quote:
Originally Posted by VitaMan
Once again members:
The point is Trump is going around lying. He is saying tax on SS benefits have been eliminated.
They have not.
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Perhaps to the people that it really will help, they see it as the truth.
The “poor” don’t pay any taxes anyway, so it’s a moot point.
The “rich”, which Unfortunately I seem to be one, doesn’t really need the tax cut. So we can call that a moot point as well.
Those hard working retired blue collar workers that have perhaps a small 401k plus their SS, are the ones who will see extra cash in their pocket.
To them, it is “no tax on SS”.
And they will thank the President.
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07-06-2025, 08:01 PM
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#23
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Valued Poster
Join Date: Feb 27, 2010
Location: houston
Posts: 11,543
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Those that don't want to admit Trump is lying should man up and state Trump is lying.
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07-07-2025, 08:22 AM
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#24
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Valued Poster
Join Date: Jan 3, 2010
Location: Clarksville
Posts: 62,904
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He’s a pathological liar, as are most members of his cabinet, the GOP leadership, the GOP rank and file, the MAGA fake news and
Propaganda, lying, libel and broken promises have been normalized. That was the plan.
And MAGAs either are too thick to know, or too slow to care, as long as they think they’re WINNING. Also part of the plan.
How does such a blatant lie stand without scrutiny by the very people for whom SS taxation was the determining issue in their choice for President?
It’s an ignorant and mean time we live in.
“And you tell me over and over and over again my friend…”
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07-07-2025, 08:47 AM
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#25
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Valued Poster
Join Date: Feb 27, 2010
Location: houston
Posts: 11,543
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During a Thursday speech in Iowa that kicked off yearlong festivities for America’s 250th birthday, Trump declared that he fulfilled his campaign promise of eliminating taxes on Social Security.
“Just as I promised, we’re making the Trump tax cuts permanent and delivering no tax on tips, no tax on overtime, and no tax on Social Security for our great seniors,” he said in a rally at the Iowa State Fairgrounds.
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07-07-2025, 08:59 AM
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#26
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Valued Poster
Join Date: Sep 2, 2024
Location: Houston texas
Posts: 1,000
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All the looney Left can come up with is Trump did not give a tax break on SS to people who don’t pay taxes anyway, and well off people who don’t really need it.
But all of those millions and millions in between are saying, “Trump is the Man”.
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07-07-2025, 09:22 AM
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#27
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Valued Poster
Join Date: Feb 27, 2010
Location: houston
Posts: 11,543
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The point is Trump is lying.
The tax on Social Security benefits for our great seniors remains.
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07-07-2025, 10:14 AM
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#28
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Valued Poster
Join Date: Aug 25, 2024
Location: San Jose
Posts: 131
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Quote:
Originally Posted by Jacky S
Perhaps to the people that it really will help, they see it as the truth.
The “poor” don’t pay any taxes anyway, so it’s a moot point.
The “rich”, which Unfortunately I seem to be one, doesn’t really need the tax cut. So we can call that a moot point as well.
Those hard working retired blue collar workers that have perhaps a small 401k plus their SS, are the ones who will see extra cash in their pocket.
To them, it is “no tax on SS”.
And they will thank the President.
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So there it is. You admit that it's not REALLY removing taxes on SS, but so long as people are ignorant enough to "perceive" they aren't being taxed, that's good enough to stick with the lie.
Exactly the symptom of TCS.
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