Darn those pesky facts.

[Oddball]

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.

******* looter, looting the oldsters.

 

[SassyIrishLass]

pesky facts.​

away from your troll crap

Pesky facts are always uncomfortable to you people-of-the-cult.

Trump wages campaign against real-time fact checks​

The moves are the latest example of Trump’s long-held resistance to being called to account for his falsehoods.

Updated October 14, 2024
Trump nearly backed out of an August interview with a group of Black journalists after learning they planned to fact-check his claims. The following month, he and his allies repeatedly complained about the fact-checking that occurred during his debate with Vice President Kamala Harris, berating journalists and news executives in the middle of the televised debate.

And this month, Trump declined to sit down for an interview with CBS’s “60 Minutes” because he objected to the show’s practice of fact-checking, according to the show.

Campaign advisers also expressly asked CBS News to forgo fact-checking in its vice-presidential debate with Trump’s running mate, Ohio Sen. JD Vance — who then complained on air when a moderator corrected him.

Omg you troll, get called out and then this. You're stupid

 

[Dante]

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.

Adams was not tied to Trump until recently.

Democrats were trying to get Adams removed and still are. Trump stands by other corrupt officials. He should be recruiting Mendez soon'

 

[Winco]

Why?

Wealth Gap.
I already explained it to you.
But you go ahead and protect the rich, and I'll keep fighting for a reduction in the wealth gap and force the rich to pay their fair share.

If we have Millions of people in the USA, which we do, that can afford to spend 100's of Thousands or even Millions on Luxury items, they can afford to pay a few extra dollars into the Social Security System, to help right the system, and make things better for all Americans.

You'l say it's not their responsibility to do that, and I'll argue otherwise.

 

[Lesh]

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.

For a total of what? $100 over a year? $200?

How much are we talking here

 

[Toddsterpatriot]

Wealth Gap.
I already explained it to you.
But you go ahead and protect the rich, and I'll keep fighting for a reduction in the wealth gap and force the rich to pay their fair share.

If we have Millions of people in the USA, which we do, that can afford to spend 100's of Thousands or even Millions on Luxury items, they can afford to pay a few extra dollars into the Social Security System, to help right the system, and make things better for all Americans.

You'l say it's not their responsibility to do that, and I'll argue otherwise.

If you collect double the tax from a rich guy, he gets double the benefit.
How does that shrink the wealth gap?

If we have Millions of people in the USA, which we do, that can afford to spend 100's of Thousands or even Millions on Luxury items,

Don't the luxury item makers deserve jobs?
Don't the sales taxes on luxury items pay into "the system"?

 

[daveman]

For a total of what? $100 over a year? $200?

How much are we talking here

Doesn't matter. You don't get to decide what amount is okay for other people to give up.

 

[daveman]

He’s toast and he took a lifeline from a fellow criminal

It's funny the way y'all are pretending to be concerned about corruption now.

 

[daveman]

If you collect double the tax from a rich guy, he gets double the benefit.
How does that shrink the wealth gap?

If we have Millions of people in the USA, which we do, that can afford to spend 100's of Thousands or even Millions on Luxury items,

Don't the luxury item makers deserve jobs?
Don't the sales taxes on luxury items pay into "the system"?

The modern liberal is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for covetousness.

 

[whitehall]

1.5 trillion over ten years? Trump and Musk found 2 trillion in two weeks.

 

[Winco]

If you collect double the tax from a rich guy, he gets double the benefit.
How does that shrink the wealth gap?

No additional benefits for the extra pay into the system.
I know you hate it, but it's best for MAGA.

I never mentioned an increase in benefit, I only said raise the CAP to a much higher amount.
You hate it, I love it.
It's about saving America more than protecting the Ultra Rich from a few dollars.

 

[Toddsterpatriot]

No additional benefits for the extra pay into the system.
I know you hate it, but it's best for MAGA.

I never mentioned an increase in benefit, I only said raise the CAP to a much higher amount.
You hate it, I love it.
It's about saving America more than protecting the Ultra Rich from a few dollars.

So, you just want to steal those extra contributions. Nice!

 

[sartre play]

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

You're blaming them for your own failure

what failure? are you talking about??

 

[sartre play]

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?

Good question.

 

[MarcATL]

Apparently facts are Democratic.

 

[berg80]

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

Look it up.

 

[SassyIrishLass]

what failure? are you talking about??

The obvious eludes you

Now go away

 

[berg80]

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

The rot is very, very deep.

Is there any narrative Dotard has created to wind you up that you haven't accepted without critical thought?

 

[Marener]

If you collect double the tax from a rich guy, he gets double the benefit.

Uncap the tax. Keep the benefit cap.

Not complicated.

 

[Toddsterpatriot]

Uncap the tax. Keep the benefit cap.

Not complicated.

Then it would be a welfare program, not a social insurance program.