Posted on 01/21/2023 9:01:16 AM PST by 6thavenue
KEY POINTS The former president seems to have foregone Social Security benefit income. Here’s why you may not want to employ that strategy for yourself.
(Excerpt) Read more at cnbc.com ...
😂😂😂
Would be a tough call!
Well said!
A significant number of people are in the “want” camp.
Congress promised that amnesty in 1986 was a one time deal too. To the issue of SS, Supreme Court has held that the SS promise is effectively unenforceable. Hence it is an empty promise, but we can all go believing it anyway. It makes us feel good, allows us to rationalize our actions. When SS solvency approaches a breaking point, the definition of “fairness” shall be debated.
What does taking private retirement benefits have to do with anything?
“”Keep the enemy energy and forces tied down for years over some meaningless piece of turf and win the moral high ground in the end.””
I love it....no doubt what he was trying to point out in his first book which I bought years ago - The Art of the Deal. I certainly didn’t know he’d be president some day so I gave it to a friend who moved into a new home and didn’t have any books on his library bookshelves..No idea if he still has it.
It is a thread about Trump’s retirement benefits, and him not taking Social Security, that involves discussion, and retirement benefits seem to be part of the retirement benefits discussion.
Having to use our SS for ID was a demoncRAT change. Now you’re required to show it to anyone that ask, if you want service. I guess they could deny service if you refuse to give it.
There should be a safety net for that.
I had the exact same thought.
He wouldn’t have gotten anyway, he has too much income. I’m a pauper compared to Trump but I’ve had my SS check lowered for 2 years twice because I sold property owned for many years as I retired and made what are considered large capital gains which I of course paid the taxes on properly.
This is similar to a friend of mine who is a veteran, but is financially well but not super-rich by any means. When he retired he visited the VA to see about benefits and was told he gets none because he has too much money.
So serving your country only counts if you aren’t considered wealthy. VA isn’t a vet benefit program, it’s just another disguised welfare program.
Correct- he didn’t need it.
Now i wonder if zhao biden has received social security. Ayatollah obama as well
It is taxed as income while you are earning and having SS taken out of your salary every paycheck. Then fed.gov has the gall to tax it again as income when you start getting SS.
Back in the early 1900s when the income tax Constitutional amendment was circulating around for ratification, it was being sold as something that would only affect "the rich" and would never affect most Americans. Less than 4% of American families were in an income bracket where they had to pay the income tax, but look at that monster now.
By the way, the Constitutional amendment for the income tax was the brainchild of, you guessed it, Democrats, although Abraham Lincoln pushed through the first income tax during the Civil War. Lincoln actually did much more harm to this nation than he did good, but those who write history have sainted him for his "martyrdom," the Emancipation Proclamation, and his forcible preservation of the Union.
IIRC-—Trump was forced to accept his Presidential Salary of $400,000 annually-—BUT he gave it all away to various charities.
It seems to me not many people either know or understand what Principles are all about.
Are you sure? So far as I know, Social Security is not means tested, yet. At some point, SS benefits do become subject to income tax, that is true.
A stupid article for stupid people.
I wasted my time to read it and didn’t learn a thing new.
Media is a general waste of time and the older you are and know the bigger a waste itis.
Before that happens, the SS tax will go on unlimited. Then comes the “need” factor. Need Factor? Yes, due to equity, if you make over a certain limit from other sources, perhaps even saavings, your benefit is reduced or eliminated. But But But that is not how insurance works. Checkmate, there is a decision on the books that SS is not insurance.
I see no wisdom in the convention of waiting which is why I chose to NOT wait and started collecting 16 years ago.
The government has decided that my (non-govt) pension is too large for me to receive my full SS retirement benefits and is therefore justified in taxing several thousands of dollars of those benefits as "taxable income"
That right there is a form of means testing no matter *what* some politician or accountant wants to call it!
“ I wasted my time to read it and didn’t learn a thing new.”
So you already knew that Trump didn’t seek or accept Social Security payments that he was eligible for? Where did you learn that information if you knew it before reading this article? It’s interesting information and I had not seen it reported before this article.
For some, one reason for waiting is so your spouse will receive the highest possible benefit level if you pass first. Survivor benefits are set at the level that the deceased was receiving (or eligible for) at the time of death. So if you wait till age 70 to start collecting, that higher rate of benefits will transfer to your spouse if you pass away before her.
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