So What Happened to Trump's Plan To Do Away With Federal Taxes on Soc Sec?

[Bud R]

So What Happened to Trump's Plan To Do Away With Federal Taxes on Soc Sec?
Open to discussion, what do you think? Bullshit or it will happen?

 

[bullseye]

Passed the House, waiting on the Senate. Same legislation that has no tax on OT.

 

[Bud R]

Hope the hell this passes

 

[steven grammont]

Passed the House, waiting on the Senate. Same legislation that has no tax on OT.

I work a real healthy amount of OT , I'll have a never ending erection if they stop taxing OT.

 

[Mark from ?]

In before we start the SSI is an entitlement discussion.

 

[Mountain]

In before we start the SSI is an entitlement discussion.

You know it's coming. "SSI is communism..." LOL

 

[jakeroub]

Once they get rid of social security, you won’t have to worry about the taxes.

In all honestly if they get rid of the taxes, they should reduce the payments accordingly.

 

[FisherTech]

SSI was tax exempt until (if I remember correctly) until the Clinton Administration. So, this would make it go back to the way it was. Oh, until LBJ and his "Great Society" SSI was in a separate account he was the one that folded it into the general fund.

 

[P71Cemoto]

Actually, I think it was Carter in 1978 that combined the welfare department into SS.

 

[AJK129]

You know it's coming. "SSI is communism..." LOL

Can I opt out yet though

 

[Dave @ Villen Tactical]

I’m still waiting for him to build the wall and have Mexico pay for it.

Dave

 

[HARRYM]

As long as we remember EO are great but they are orders and not law. It's up to Congress to pass these sorts of things.

 

[rep308]

Don’t hold your breath

 

[Davidk]

SSI was tax exempt until (if I remember correctly) until the Clinton Administration. So, this would make it go back to the way it was. Oh, until LBJ and his "Great Society" SSI was in a separate account he was the one that folded it into the general fund.

Reagan taxed Social Security

 

[northny]

Pretty sure it was Biden who wrote the bill to initially tax social security and then introduced every bill to increase the amount taxable

 

[Sunny]

Hope the hell this passes

IM SO AGAINST IT. HOW DARE YOU NO TAX ON SOCIAL SEC, NO TAX ON OVERTIME. YOU'RE A THREAT TO DEMOCRACY!

 

[Bt74]

Once they get rid of social security, you won’t have to worry about the taxes.

In all honestly if they get rid of the taxes, they should reduce the payments accordingly.

Uhhhhh...the taxes have ALREADY been paid on SSA. The current taxes are blatant double taxation, my Statist friend.

 

[Bt74]

Actually, I think it was Carter in 1978 that combined the welfare department into SS.

Could be wrong, but I recall Klinton fighting Republican Welfare Reform, until he realized he would lose bad, then embraced it as his own idea. Then, the welfare bums were shifted over to SSI and received "Crazy Checks". Shitbag parents would claim all their crotch fruit had mental issues to get free money.

 

[pupchow]

In before we start the SSI is an entitlement discussion.

Social Security is to SSI, as Medicare is to Medicaid.

 

[HARRYM]

Reagan taxed Social Security

Yup. Incomes over 32K for married people.

Here's the thing, the tax is the very definition of a money grab by the Government.

The Government takes your money, as well as your Employer(s) match. Sits on it for decades. Pays you no interest so the money is NOT an investment as it hasn't earned a penny but when you start taking it the Government taxes you on money that you haven't earned any interest on.

 

[HARRYM]

My hope that we would receive the entire SS story from Trumps Administration has faded...a bit. Where is the money, how much has the Government taken from it, who has received benefits from it, have illegals received funds from it. I want to see the whole story put out there.

 

[Mark from ?]

Yup. Incomes over 32K for married people.

Here's the thing, the tax is the very definition of a money grab by the Government.

The Government takes your money, as well as your Employer(s) match. Sits on it for decades. Pays you no interest so the money is NOT an investment as it hasn't earned a penny but when you start taking it the Government taxes you on money that you haven't earned any interest on.

Wait til they tell you that you can't have it / don't need it cause you saved to much in your 401k and/or have a pension along with it.

You won't be worrying about the taxes that come off of it because you won't be getting it.

 

[HARRYM]

Wait til they tell you that you can't have it / don't need it cause you saved to much in your 401k and/or have a pension along with it.

You won't be worrying about the taxes that come off of it because you won't be getting it.

It could happen for sure. But at that point even Taxpayer funded Government Pension bailouts must also end.

Everybody gets free shit.....or nobody gets free shit....

 

[HARRYM]

I believe MA just crossed 2 Billion Dollars in Taxpayer Money that was given away to illegals.

What is free shit, what is an entitlement, who's entitled, who isn't, who "earned" it, who didn't.

 

[loneranger]

SSI was tax exempt until (if I remember correctly) until the Clinton Administration. So, this would make it go back to the way it was. Oh, until LBJ and his "Great Society" SSI was in a separate account he was the one that folded it into the general fund.

"general fund" which LBJ used for the Vietnam War.

 

[Dennis in MA]

Das drogas is deep in this thread.

Social Security History

Tell me you don't understand how the "Social Security Trust Fund works" without telling me you don't know how the SSTI works. ROFL!!!!!


As far as taxing SSI, the current system, based on the after-tax contributions and "earnings" on them, is actually pretty fair. So do you want to be treated fairly or unfairly? If unfairly, what about wimmins that purposely take low-paying jobs to get an Earned Income Credit on their taxes - effectively having a NEGATIVE tax rate? What about the guy who works as a waiter at Maison Robert pulling in $120K a year, more than half in tips - he shouldn't have to pay 22% tax on those tips, right?

Do those people "deserve" their tax "cut" just like you? Or are you specifically special? If EVERYONE is special, then we can just supsend the income tax. I mean, why bother paying taxes at all? LOL

Bottom line is the LAST thing we need right now is another tax cut. We are circling the bowl fast. No tax cuts. Find $1T in federal tax cuts. And even then, you're talking staving off national bankruptcy by. . . . a decade or so?

I've got a hard time with Uncle Sam giving people money back when we are 1/3-of-the-budget in deficit every year. Imagine making $100K a year and spending $150K.

Spending needs to go WAY down. Tax revenue needs to hold. (Historically, our tax rates are actually pretty good. But I digress.)

 

[Mark from ?]

I believe MA just crossed 2 Billion Dollars in Taxpayer Money that was given away to illegals.

What is free shit, what is an entitlement, who's entitled, who isn't, who "earned" it, who didn't.

That's MA and a separate issue....they have to balance their budget on the backs of people in MA and good luck to them as Im sure Trump will attempt to pull whatever federal money is going to that shit show.

I believe the numbers i put up not too long ago here, posted by Channel 5 in Boston was 83 million a month on 6000 families for support. Thats a cost of 15K per month per family for that program. Odds are the families are probably getting 5K a month in actual benefits.....so good luck on finding where the other 10K a month per family is going.

Odds are they are using some of your rainy day funds to pay for it.

As I said before its not rocket science.........just write checks or wire 5K to the 6000 families and let them find their own food and lodging.........you'll cut the cost of the program by 2/3 or 54 million dollars...A MONTH. or 650 million a year.

That would be unpossible because then .gov could siphon off all the money from it, pay 4X the amount of people needed to do nothing jobs to run the program, pay hotels, and vendors who will in turn donate to pols coffers, kickbacks etc, etc.

They are basically giving your tax dollars away for free to illegals, and they can't even do that right without a huge amount of waste, fraud and abuse.

 

[Mark from ?]

Das drogas is deep in this thread.

Social Security History

Tell me you don't understand how the "Social Security Trust Fund works" without telling me you don't know how the SSTI works. ROFL!!!!!


As far as taxing SSI, the current system, based on the after-tax contributions and "earnings" on them, is actually pretty fair. So do you want to be treated fairly or unfairly? If unfairly, what about wimmins that purposely take low-paying jobs to get an Earned Income Credit on their taxes - effectively having a NEGATIVE tax rate? What about the guy who works as a waiter at Maison Robert pulling in $120K a year, more than half in tips - he shouldn't have to pay 22% tax on those tips, right?

Do those people "deserve" their tax "cut" just like you? Or are you specifically special? If EVERYONE is special, then we can just supsend the income tax. I mean, why bother paying taxes at all? LOL

Bottom line is the LAST thing we need right now is another tax cut. We are circling the bowl fast. No tax cuts. Find $1T in federal tax cuts. And even then, you're talking staving off national bankruptcy by. . . . a decade or so?

I've got a hard time with Uncle Sam giving people money back when we are 1/3-of-the-budget in deficit every year. Imagine making $100K a year and spending $150K.

Spending needs to go WAY down. Tax revenue needs to hold. (Historically, our tax rates are actually pretty good. But I digress.)

Agree.....realistically until you get spending in line you really shouldn't be giving any freebies as far as tax cuts go.

That's like saying we are still in debt........ but look we saved 50 dollars a month...... so lets spend it on going out to dinner rather than paying down your debt.

Only until you get your house in order do you talk about extras. Never happen, the gov't has grown to large and its too much of GDP.

Without drastic spending cuts and getting rid of programs that cost more money than they give back in benefits (which is most of them) ....youll never get there.

Government has made these programs for one reason, and that's to make more jobs, so there can be more money laundering of your tax money for campaign donations. Create one more government job paid for by taxpayers...... you just created one more campaign donation paid for by a salary that is paid for with taxpayer funds. They learned this along time ago...and they aren't going to give it up.

 

[Dadstoys]

Das drogas is deep in this thread.

Social Security History

Tell me you don't understand how the "Social Security Trust Fund works" without telling me you don't know how the SSTI works. ROFL!!!!!


As far as taxing SSI, the current system, based on the after-tax contributions and "earnings" on them, is actually pretty fair. So do you want to be treated fairly or unfairly? If unfairly, what about wimmins that purposely take low-paying jobs to get an Earned Income Credit on their taxes - effectively having a NEGATIVE tax rate? What about the guy who works as a waiter at Maison Robert pulling in $120K a year, more than half in tips - he shouldn't have to pay 22% tax on those tips, right?

Do those people "deserve" their tax "cut" just like you? Or are you specifically special? If EVERYONE is special, then we can just supsend the income tax. I mean, why bother paying taxes at all? LOL

Bottom line is the LAST thing we need right now is another tax cut. We are circling the bowl fast. No tax cuts. Find $1T in federal tax cuts. And even then, you're talking staving off national bankruptcy by. . . . a decade or so?

I've got a hard time with Uncle Sam giving people money back when we are 1/3-of-the-budget in deficit every year. Imagine making $100K a year and spending $150K.

Spending needs to go WAY down. Tax revenue needs to hold. (Historically, our tax rates are actually pretty good. But I digress.)

You can always contribute more than you pay now if you wish .
Apparently you don't need it .
Maybe we should pay 75% since 50% doesn't appear to be enough.

 

[In God We Trust]

Passed the House, waiting on the Senate. Same legislation that has no tax on OT.

I used to work a ton of OT. We had it figured out to the hour where it stopped being worth working as they just kept it all.

I also used to log into my .gov account and claim 99 dependents for the pay period (you could change it on the fly whenever you wanted) just to keep more money if I worked a lot of hours. They got it back at the end of the year, but it whatever.