I thought that the SC's decision prevented these liberal POS's from doing just this?
US Elections (& Politics) :)
- Thread starter sdkid
- Start date
bigredfish
Known around here
Just to break it down, RFKjr, CDC, DOJ, and President Trump are BLOCKING the legal release of mRNA vaccine safety data
They are hiding evidence that the jabs were indeed a bioweapon funded by DOD and have killed and continue to kill millions.
Fuck Trump and this whole farce of an administration.
They are hiding evidence that the jabs were indeed a bioweapon funded by DOD and have killed and continue to kill millions.
Fuck Trump and this whole farce of an administration.
bigredfish
Known around here
Lying louder with nice marketing doesn’t make it any less a lie
bigredfish
Known around here
bigredfish
Known around here
My understanding is that the tax bill cannot be used to make changes to an entitlement program such as Social Security. It would require its own separate legislation. It seems like they tried to come up with something that would do the equivalent without having to present other legislation. I'm not sure what the deduction is here, but it may be equivalent.
The one thing, though, that you highlighted... If one doesn't pay any taxes as is on their Social Security income, why the hell should the get this extra deduction? By definition, a deduction is against taxes paid. If one pays nothing, how much less of "nothing" should they pay in taxes?
It's not only not equivalent, but is not related to social security in any way other than the lie that's being told.
The tax benefit is a larger standard deduction for those over 65, $4,000 in the house bill and $6,000 in the senate bill. In the 12% bracket that lowers tax by $480 or $720. Or viewed differently, anybody with over $4k or $6k in annual taxable social security gets some or most of social security taxed, only if you buy into the silly game that this "benefit" offsets social security taxation, which it doesn't. It's a general deduction not tied to social security at all.
No. It is a deduction from your AGI (Adjusted Gross Income). What you are thinking of is called a Tax Credit.
I realized that this misrepresented deduction could just as dishonestly be called "No tax on interest", or "No tax on dividends", "No tax on rental income", "No tax on gambling winnings", or any other type of income. It has every bit as much to do with those things as with social security. I know Trump isn't that dumb, but why does he think we are?
bigredfish
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^^^^^
NOW you're thinking like a grifter Congress Critter!
99% of the American people and most of MAGA only see and comprehend the headline
NOW you're thinking like a grifter Congress Critter!
99% of the American people and most of MAGA only see and comprehend the headline
bigredfish
Known around here
Think you pay 50% on less income...
Here we go:
Single, Head of Household, or Qualifying Widow(er)
| Combined income | Taxable amount of Social Security income |
| Less than $25,000 | 0% |
| $25,000–$34,000 | Up to 50% |
| Greater than $34,000 | Up to 85% |
Married Filing Jointly
| Combined income | Taxable amount of Social Security income |
| Less than $32,000 | 0% |
| $32,000–$44,000 | Up to 50% |
| Greater than $44,000 | Up to 85% |
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bigredfish
Known around here
And the MAGA army bots come out of the woodwork to condemn him. Not because he isnt right, he is.
Because the party has developed into a cult that ignores common sense, fiscal conservatism, and the countless things they've been promised and voted for that are no longer useful to Dear Leader or the grifters in Congress. Like those fake promises, the party has no more use for the core voter, only the useful idiot shills and paid cheerleaders.