Dummies complain about waitresses no longer being taxed on tips while they encourage the waitreses' Medicaid enrolled boyfriends watch TV

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.


  • 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.
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.

Yes, but: Most seniors — 64% of them — don't pay taxes on Social Security, according to the White House's own analysis.

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.

I am still waiting to see how the no tips on overtime retroactive to January 1, 2025, will be implemented. It seems like a logistical problem that is going to really complicate tax filings.
 
I truly dont believe there are that many young men sitting home. This sounds like the lame "men are linely" and "theres a lonely young man " crises and other such nonsense.
 
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.


  • 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.
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.

Yes, but: Most seniors — 64% of them — don't pay taxes on Social Security, according to the White House's own analysis.

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.
 
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.
None of this is even remotely true.

Socialism has failed everywhere it has been tried.

What more, Capitalism has lifted more people out of poverty and destitution than any other system.

The redistribution of wealth through the use of force is evil. Adolf Hitler evil.
 
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