Darn those pesky facts.

[Marener]

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

So what? It’ll happen sooner or later anyway when the money runs out, 10 years or less now.

 

[C_Clayton_Jones]

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

"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."

There's no limit to Trump's incompetence and stupidity.

 

[C_Clayton_Jones]

Shut up already. Ya goddamn imbecile

And Trump voters are just as stupid, voting to increase debt.

 

[SassyIrishLass]

And Trump voters are just as stupid, voting to increase debt.

DOGE is decreasing the debt

It's not possible for anyone to be as stupid as you portray

 

[Winston]

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

What a crock of shit. The very idea, that Social Security is some retirement plan, with investment returns and individual accounts, is laughable on its face. It is social insurance, period. The higher premiums collected from lifting the cap are more than justified.

 

[LAUGHatLEFTISTS]

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

Leftists like yourself have turned Social Security into another distribution of wealth scheme. That’s really all you idiots know how to do.

 

[Toddsterpatriot]

What a crock of shit. The very idea, that Social Security is some retirement plan, with investment returns and individual accounts, is laughable on its face. It is social insurance, period. The higher premiums collected from lifting the cap are more than justified.

So, it's welfare.

 

[Unkotare]

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.

Typical democrat. Anything that benefits ALL Americans is "a gift to the rich." Only locking up the "rich" in the stocks in the center of town is "fair."

 

[Winston]

Typical democrat. Anything that benefits ALL Americans is "a gift to the rich." Only locking up the "rich" in the stocks in the center of town is "fair."

Eliminating taxes on Social Security benefits does not benefit all Americans. It only benefits those that are actually paying taxes on Social Security benefits. And it most benefits those that are paying the most in taxes on those Social Security benefits. But even those with the highest incomes are only paying taxes on 85% of their benefit.

Honestly, it is insulting. It really is. There are counties, in South Dakota, Kentucky, West Virginia, where hell, life expectancy is lower than the full retirement age. The entire system is regressive, exorbitantly so. Those with the least pay the most and get the least. I have lived at both ends of the spectrum, through relatives. The difference is astounding.

But perhaps, most importantly, this proposal completely ignores the whole reason those benefits were taxed to start with. W To fund the Social Security Trust Fund. Who is going to make up the difference? The same people that bear the bulk of the burden now.

 

[Winco]

Leftists like yourself have turned Social Security into another distribution of wealth scheme. That’s really all you idiots know how to do.

This ^^^ makes no sense.
Did it sound good when you typed it.

Distribution of Wealth Scheme?????.........WTF are you rambling incoherently about?
Dear Lord.

 

[Winston]

So, it's welfare.

No, it is a social insurance program. But it requires some things to be successful, not the least of which is an investment in education. At this point, it functions more as a wealth redistribution tool.

 

[Dekster]

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.

No duh. Social security already gets beneficial tax treatment such that low income households drawing don't even need to file taxes

 

[Ghost of a Rider]

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?

Why should the burden of reducing the wealth gap be placed on the rich?

 

[Dante]

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.

careful, they're going after social security and medicare

 

[Winston]

Leftists like yourself have turned Social Security into another distribution of wealth scheme. That’s really all you idiots know how to do.

Social Security is a wealth redistribution scheme, taking the wealth from the poor and redistributing it to the rich.

First, that tax comes out on first dollar. There ain't no deductions. And if you are self-employed, well you pay the total amount, not half, like workers do. Punishment for being so audacious as to be self-employed. I mean at its core, Social Security really is insurance. There are disability benefits, dependent children benefits. And it is the working class that pay the bulk of the premiums, while it is the wealthy that derive the bulk of the benefits.

 

[LeftofLeft]

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

Please provide a justification

 

[LeftofLeft]

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

There is also no need to tax Social Security disbursements. Please provide a justification.

 

[Billiejeens]

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.

No
We are very much united.

 

[Winco]

Why should the burden of reducing the wealth gap be placed on the rich?

Why NOT?
That's what NOBLE people DO.

The Rich have either achieved Rich Status by some inheritance or by sucking consumers dry.
Neither of which are Noble.

Time they pay their fair share and help others.
It's NOT that difficult, why don't you want to help the less fortunate.
Wait...I know....You don't Care.

 

[Winco]

There is also no need to tax Social Security disbursements. Please provide a justification.

This ^^^ I agree with.
Good Suggestion Trump, now make up the LOSS of Revenue because you can't just ignore it.