Liberal assholes

Trump Announces MASSIVE Social Security Cleanup — 275,000 Illegal Aliens Removed, Plus 12.4 Million Dead People Over 120 Years Wiped from Database

Well, it might. That's a huge chunk of taxes. If the fed would drop rates he could refinance the debt at a much lower rate and then the books would balance.

Did you ever look up how many retired people didn't pay taxes on their SS benefits before the "Big Beautiful Bill"?

Did you ever wonder about that?

Lol because they made below poverty level, and receive no tax credits.... Maybe someone needs to go take a course in accounting, or talk to an accountant. No earned income credit on income that is considered social security. I wonder about why elderly people live on less then 2k a month for a husband and spouse from the 1930s. Ask the average 93 year old how long they worked, and what their SS payment was. You might drop your jaw. Luckily houses were cheaper back in their day. It's going to be a sad day when millennials retire and just have social security with no investments. It's already a sad day for the disabled.

Is your dad an accountant? Did he tell you that?

Because what really happened is the SS benefits were taxed IF they had a combined income that exceed a threshold.

So...

If they didn't have a 2nd income or that 2nd income didn't combine to take them above the threshold they weren't taxed.

It required an additional income for the tax to kick in. Without that 2nd income- no tax.

Do you know what ss income vs earned income is, and what a tax bracket is. SS is automatically not considered earned income, when a retiree gets board and takes a job, the income from their job is first calculated, and then the social security which is automatically considered income exempt from earned income is totaled that is how you get your tax bracket, and what ever that number is, will be the percentage of tax on the income. The kicker is that most elderly retirees worked very low waged jobs for the time, and only the man worked, so women relied on the mans retirement income. Another thing you are forgetting is investment income, and that is why Trump more than likely flashes this I ended tax on social security, because let's face it, we have a bunch of old retired men and few women who get paid to run the country, and pull social security on top of the vacation. So if that wole has been pulled off your eyes, the alternator would have been to allow social security recipients to claim a earned income tax credit on their social security income, vs helping rich people with another loophole that digs the lower level recipients down even poorer because they already don't receive enough to get a tax return, or file taxes, did your dad explain that Mr professor?

I didn't forget any of that. That's why it's broken into 2 groups- ss income and additional income. The SS income is not taxed unless the additional income (regardless of source) takes them above a specified threshold.

Do you see how I said that much more concisely than your paragraph?

Because we're saying the same thing- SS income is only taxed if additional income takes it above a specific threshold- based on marriage status.

So when Trump says he ended taxes on SS, he's lying. It's not "this is why Trump says..." He's lying. You can try to excuse his lies however you like.

But he's still lying.

I'm not excusing his lies, the new way is that it will be tax exempt, but still the income additionally generated will be subject to tax. The SS income of 10k- 42k, depending on the recipient will be tax exempt. But it still does nothing for the recipients because they get no earned income tax credit on their social security income. That's why Trump is a dufus when he said it's going to help ss recipients. A tax credit would have helped them, not a tax exemption, that only helps out the wealthy ss recipients.

That already exists because the average retiree from 1990 receives a payment under the amount to file taxes rendering them zero tax and living below the poverty line.

That’s just not true, it’s entirely made up. Get your facts straight before you hate.

Also, I now know why you got your screen name.

I take it you have never filled taxes for someone on social security, or never took a college level accounting class. Tax brackets and work income all play a factor on wether a individual paid taxes on their social security income. It's a good thing, but still not good enough because the average recipient doesn't receive benefits that keep up with the regional median income.

Yes.