AMAC-
Former President Donald Trump’s proposal to eliminate taxes on Social Security income has sparked a renewed debate about the benefits that millions of Americans rely on and could be a major factor in deciding the all-important senior vote this election.
In a Truth Social post on July 31, Trump wrote, “SENIORS SHOULD NOT PAY TAX ON SOCIAL SECURITY!” He has since followed that up with a specific pledge to work to eliminate taxes on Social Security income if he is re-elected in November. more here
Maybe even pull it out of the General Fund, and restore it back to its own SocSec fund. (thx, LBJ ya rat bastard!)
Maybe even put a fund manager in charge of this new SocSec fund, to invest and grow it above the inflation rate.
BUT…..index this fund manager’s pay to the growth of the SocSec fund.
No growth above inflation? Manager gets base pay (saaaay, $75K). No bonus. NO stock options.
Lose money? Deduct pay.
Cue hysterical leftists with: “HOW WILL WE PAY FOR IT?!?” as if that $$$ was theirs to begin with.
As a senator, Old Joe voted to make SS benefits taxable income, then he voted to increase the taxable amount from 50% to 85%. But he always says that Republicans are the ones who want to take away Social Security. What a lying sack of shit. FJB
rein in Federal spending. Tie pay raises to a balanced budget. eliminate Federal income tax (let them rely upon tariffs.
I would appreciate SS payments equal what illegal immigrants are receiving.
I’ve paid into SS for 60 years, MILLIONS of Illegal immigrants never paid into SS, yet they receive an amount more than my SS Check, in addition, medical, housing and food allowance.
Of course deporting Illegal Immigrants would negate my concern. Just Do It !
Taxing retirement income. How un-American could congress possibly be? Who’s more greedy than government? Spending OUR hard-earned income like there’s no tomorrow!
^ under the current system there is no financial tomorrow.
Slash government spending and power by 95%. Win-win for EVERYONE.
Hey! That’s my name, too!
There must be MASSIVE CUTS IN SPENDING…MASSIVE!
Uncle Al
Saturday, 24 August 2024, 18:46 at 6:46 pm
“Hey! That’s my name, too!”
Whenever you go out, do you hear the people shout?
Joe Biden SPONSORED the bill in 1993 to tax Social Security.
NOT FOR IDENTIFICATION
That is a good start. Now include retired military and teacher pensions.
So the taxpayers pay up front for ss when it is deducted from their paychecks, then get taxed again when receiving ss payments. So taxpayers get screwed fore and aft by pernicious federal gangsters. This sucks.
Did ya ever notice they are always talking about Social Security going broke, but they never talk about welfare going broke?
Exactly how many times do you need to pay taxes on that money? Think about it. And yes fucking Biden was at least partially responsible. Figures.
If it polls well, Harris will take it as her own.
Trump gets precious little positive air time on the MSM, so few undecided voters and hardly any Dem voters will know or care that he proposed it first. She did it before. She’ll do it again.
Since many retired people live on their SS only, they are not subject to taxation. They don’t meet the minimum threshold to be taxed.