Soupnazi630
Gold Member
- Dec 9, 2013
- 21,118
- 6,501
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I stated factNope. Why do you pass disinformation?
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I stated factNope. Why do you pass disinformation?
Provide a receipt then .I stated fact
I am whatever about the tipping thing. I usually don't put the tip on the card and just give it to them in cash at local places because I have heard stories about some businesses not passing the tips along. I doubt they claim that on their taxes anyway.The "big, beautiful bill" features a new tax break for older Americans who pay taxes on Social Security income. But there's a significant catch.
Why it matters: The break leaves out the poorest seniors — who already don't pay Social Security taxes —and the very rich ones, too.
How it works: Both the House and Senate bills include an increased tax deduction for tax filers age 64 and older. In the Senate version, the new deduction is $6,000 for individuals and $12,000 for couples.
What they're saying: "This amounts to the largest tax break in American history for our nation's seniors," per a report out earlier this week from the White House Council of Economic Advisers.
- The deduction starts phasing out for those who earn over $75,000 ($150,000 for couples), and phases out completely at $175,000 for individuals and $250,000 for couples, in the Senate version.
- The break expires in 2028 when President Trump leaves office, as do a few other White House priorities in the bills, including no tax on tips, no tax on overtime, and no tax on auto loan interest.
Yes, but: Most seniors — 64% of them — don't pay taxes on Social Security, according to the White House's own analysis.
Only in leftist La La Land is not taking someone’s money giving it to them.compared to the millions given to the rich, it's not very much.
My assumption after reading this part of the bill it doesn't matter if a senior doesn't pay taxes on SS now, if they file taxes the $6000 deduction is on top of the standard deduction and you don't have to itemize. So a single senior with a $15,000 income from SS have paid no taxes but will receive a refund.The "big, beautiful bill" features a new tax break for older Americans who pay taxes on Social Security income. But there's a significant catch.
Why it matters: The break leaves out the poorest seniors — who already don't pay Social Security taxes —and the very rich ones, too.
How it works: Both the House and Senate bills include an increased tax deduction for tax filers age 64 and older. In the Senate version, the new deduction is $6,000 for individuals and $12,000 for couples.
What they're saying: "This amounts to the largest tax break in American history for our nation's seniors," per a report out earlier this week from the White House Council of Economic Advisers.
- The deduction starts phasing out for those who earn over $75,000 ($150,000 for couples), and phases out completely at $175,000 for individuals and $250,000 for couples, in the Senate version.
- The break expires in 2028 when President Trump leaves office, as do a few other White House priorities in the bills, including no tax on tips, no tax on overtime, and no tax on auto loan interest.
Yes, but: Most seniors — 64% of them — don't pay taxes on Social Security, according to the White House's own analysis.
None of this is even remotely true.Margaret Thatcher was awful.
Her attack on Argentina was awful.
Socialism obviously is vastly superior to capitalism, because by people pooling funds to come up the investment needed for the means of production themselves, you eliminate the vast doubling in costs created by the profits demanded by the monopolies and stock holders.
Just compare any socialist program like the Post Office, public schools, public health care in the rest of the world, etc.
It obviously is vastly cheaper and better.
That is because you get to control or at least influence public endeavors, while you get no say at all in private monopolies.