Darn those pesky facts.

[berg80]

Trump’s plan to eliminate income taxes on Social Security benefits would help high-income households, report finds​

On the campaign trail, President Donald Trump touted a plan to eliminate income taxes on Social Security benefits.

Now that he’s in the White House, Trump administration officials told CNBC.com last week that the president “doubles down” on that promise.


A bill to eliminate those levies — the Senior Citizens Tax Elimination Act — was recently reintroduced in the House.

Yet, nixing taxes on Social Security benefits may reduce U.S. government revenues by $1.5 trillion over 10 years and increase the federal debt by 7% by 2054, according to a new analysis by the Penn Wharton Budget Model, a nonpartisan, research-based project at the University of Pennsylvania.

For some high-income households, the policy change may result in gains of up to $100,000 over their lifetimes, the research also found. Yet, individuals under age 30 — and particularly people who have not yet been born — may face the largest losses as the federal debt increases and incentives to work and save for retirement decline, it found.

https://www.cnbc.com/2025/02/18/trump-plan-to-end-taxes-on-social-security-benefits-would-help-high-earners.html

Good to know the rich will better be able to afford the high price of eggs trump said he would lower on day one.

 

[SassyIrishLass]

It'd help the ones that rely on social security. There's absolutely no reason to tax earned income multiple times over

 

[kyzr]

It'd help the ones that rely on social security. There's absolutely no reason to tax earned income multiple times over

Are the SS & Medicare deductions taken after taxes or before taxes??

 

[Dante]

It'd help the ones that rely on social security. There's absolutely no reason to tax earned income multiple times over

You do you thank the wealthy when you get -- uhm, serviced by them, get scraps ff the table? Trump and the GOP have long played the middle against itself and the lower income brackets. It's keeps people from uniting.

 

[marvin martian]

Trump’s plan to eliminate income taxes on Social Security benefits would help high-income households, report finds​

On the campaign trail, President Donald Trump touted a plan to eliminate income taxes on Social Security benefits.

Now that he’s in the White House, Trump administration officials told CNBC.com last week that the president “doubles down” on that promise.


A bill to eliminate those levies — the Senior Citizens Tax Elimination Act — was recently reintroduced in the House.

Yet, nixing taxes on Social Security benefits may reduce U.S. government revenues by $1.5 trillion over 10 years and increase the federal debt by 7% by 2054, according to a new analysis by the Penn Wharton Budget Model, a nonpartisan, research-based project at the University of Pennsylvania.

For some high-income households, the policy change may result in gains of up to $100,000 over their lifetimes, the research also found. Yet, individuals under age 30 — and particularly people who have not yet been born — may face the largest losses as the federal debt increases and incentives to work and save for retirement decline, it found.

https://www.cnbc.com/2025/02/18/trump-plan-to-end-taxes-on-social-security-benefits-would-help-high-earners.html

Good to know the rich will better be able to afford the high price of eggs trump said he would lower on day one.

^^^Look how desperate the grifters are to keep their scams going.

The rot is very, very deep.

 

[Dante]

Who's in power?

Derp

Since 2020 you have a reawakening?



god bless you child

 

[SassyIrishLass]

Are the SS & Medicare deductions taken after taxes or before taxes??

I don't know, the tax code is a bloated disaster. There's absolutely no reason to tax social security payments. None, people pay taxes their entire lives

 

[daveman]

Trump’s plan to eliminate income taxes on Social Security benefits would help high-income households, report finds​

On the campaign trail, President Donald Trump touted a plan to eliminate income taxes on Social Security benefits.

Now that he’s in the White House, Trump administration officials told CNBC.com last week that the president “doubles down” on that promise.


A bill to eliminate those levies — the Senior Citizens Tax Elimination Act — was recently reintroduced in the House.

Yet, nixing taxes on Social Security benefits may reduce U.S. government revenues by $1.5 trillion over 10 years and increase the federal debt by 7% by 2054, according to a new analysis by the Penn Wharton Budget Model, a nonpartisan, research-based project at the University of Pennsylvania.

For some high-income households, the policy change may result in gains of up to $100,000 over their lifetimes, the research also found. Yet, individuals under age 30 — and particularly people who have not yet been born — may face the largest losses as the federal debt increases and incentives to work and save for retirement decline, it found.

https://www.cnbc.com/2025/02/18/trump-plan-to-end-taxes-on-social-security-benefits-would-help-high-earners.html

Good to know the rich will better be able to afford the high price of eggs trump said he would lower on day one.

Spoken like someone who believes every single dollar belongs to the government.

Not having to pay taxes on Social Security will help everyone drawing it.

To oppose ending this tax is just stupid and shows you'd rather "stick it to the rich" than help retired Americans who rely on their Social Security benefits.

 

[ThunderKiss1965]

Trump’s plan to eliminate income taxes on Social Security benefits would help high-income households, report finds​

On the campaign trail, President Donald Trump touted a plan to eliminate income taxes on Social Security benefits.

Now that he’s in the White House, Trump administration officials told CNBC.com last week that the president “doubles down” on that promise.


A bill to eliminate those levies — the Senior Citizens Tax Elimination Act — was recently reintroduced in the House.

Yet, nixing taxes on Social Security benefits may reduce U.S. government revenues by $1.5 trillion over 10 years and increase the federal debt by 7% by 2054, according to a new analysis by the Penn Wharton Budget Model, a nonpartisan, research-based project at the University of Pennsylvania.

For some high-income households, the policy change may result in gains of up to $100,000 over their lifetimes, the research also found. Yet, individuals under age 30 — and particularly people who have not yet been born — may face the largest losses as the federal debt increases and incentives to work and save for retirement decline, it found.

https://www.cnbc.com/2025/02/18/trump-plan-to-end-taxes-on-social-security-benefits-would-help-high-earners.html

Good to know the rich will better be able to afford the high price of eggs trump said he would lower on day one.

I'm no economics genius but cutting spending by 1.5 trillion may work.

 

[SassyIrishLass]

I'm no economics genius but cutting spending by 1.5 trillion may work.

Notice they're losing their minds over that?

 

[Winco]

It'd help the ones that rely on social security. There's absolutely no reason to tax earned income multiple times over

There is also no need to CAP the SS at $176,100.

Those making over $176,100 should continue to pay into the system.

 

[SassyIrishLass]

There is also no need to CAP the SS at $176,100.

Those making over $176,100 should continue to pay into the system.
View attachment 1080680

No they've paid into the system. At some point it has to end

You're blaming them for your own failure

 

[Donald H]

Is a duplicate thread allowed in the 'Latest Discussions' list too?

Maybe it wasn't such a good idea to split them?

 

[Winco]

No they've paid into the system. At some point it has to end

You're blaming them for your own failure

Projecting Again.
I can't have a belief that the rich should pay more without you calling me a failure?

I'm not failing sweetie, I just think the rich, with this massive wealth gap, should help decrease this massive wealth gap by paying their fair share.

Why do you want to protect the wealthy and give them EVEN MORE tax breaks?

 

[Lesh]

It'd help the ones that rely on social security. There's absolutely no reason to tax earned income multiple times over

I collect SS. The tax on it amounts to just over… nothing… unless you make a lot of money… as noted above

 

[Toddsterpatriot]

There is also no need to CAP the SS at $176,100.

Those making over $176,100 should continue to pay into the system.
View attachment 1080680

Why?

 

[Rogue AI]

What a pathetic whinefest based on the premise that revenues couldn't or wouldn't increase in 10 years. Just more silly liberal nonsense.

 

[daveman]

Again, thank you for opening a door:

We have Trump helping out a corrupt Democrat in NYC, while Democrats are aghast anyone would help Adams the Crook.

We believe in prosecuting corrupt Democrats. Ask a guy from NJ.

Meanwhile, you people celebrate a convicted felon and vote for him again, and cheer on criminal pardons for people who tried to keep voters votes from being certified ion Jan 6, 2021

https://thehill.com/regulation/court-battles/5114259-bob-menendez-sentencing-trump-political-prosecution/

The only way you can criticize Democrats is if they're somehow tied to Trump.

You serve your masters well, and you will be rewarded.

LOL! Just kidding.

 

[daveman]

I collect SS. The tax on it amounts to just over… nothing… unless you make a lot of money… as noted above

You're free to donate whatever you like to the Treasury. But don't pretend that there aren't plenty of folks for whom that "nothing" will make a difference.

 

[daveman]

What a pathetic whinefest based on the premise that revenues couldn't or wouldn't increase in 10 years. Just more silly liberal nonsense.

More importantly, spending will decrease...as it should.