[Libloather]

I'm pretty sure my Sosha Security loot has been put in a lockbox.

[crusty old prospector]

I never knew that SS was taxable until I started doing my parents’ taxes.

[ealgeone]

But this latest proposal made on Fox and Friends is the most significant and expensive yet, costing the government $1.8 trillion over the next decade, according to the Committee for a Responsible Federal Budget.

*****

Note how it is always reported this will "cost the government" vs how much this costs the taxpayer.

[grobdriver]

costing the government $1.8 trillion

It doesn't "cost" the government anything - IT'S OUR MONEY!

[right way right]

Well, Harris will probably start pushing reparations for black people.
so…..
What can Trump do and still win?
Let the dems protest it.
Maybe that is that is what he is thinking?

I would bet that Trump believes he can spark the economy to overcome the cuts and a good part of the debt and build up a big beautiful military also….

Trillions is a whole lotta dough though…..man!

[Inyo-Mono]

Bookmark.

[know.your.why]

If there is one thing everyone has come to know about PDJT it’s that he is someone that actually follows through and does exactly what he said hes going to do.

[Steely Tom]

The only time the Democrat-MSM is ever concerned about the cost of anything is when tax cuts are discussed.

[Thorium90]

Fine. Pay for it by:

Full stop on money to illegals and to organizations facilitating the illegal invasion.

Stop funding abortion, at least at the federal level.

Stop the forever wars.

Unleash freedom on We the People so we can get this economy humming again.

[Paladin2]

Trump has no need to buy my vote.

[Brian Griffin]

It is my understanding, which may be wrong, that the tax is applied to the half of Social Security payout (funded by employers) (which was not subjected to 1040 personal income tax previously).

[Brian Griffin]

File a federal tax return as an “individual” and your combined income* is
Between $25,000 and $34,000, you may have to pay income tax on up to 50% of your benefits.
More than $34,000, up to 85% of your benefits may be taxable.

File a joint return, and you and your spouse have a combined income* that is
Between $32,000 and $44,000, you may have to pay income tax on up to 50% of your benefits.
More than $44,000, up to 85% of your benefits may be taxable.

Are married and file a separate tax return, you probably will pay taxes on your benefits.

* Your adjusted gross income
+ Nontaxable interest
+ ½ of your Social Security benefits
= Your “combined income”

https://www-origin.ssa.gov/benefits/retirement/planner/taxes.html

I can see where the 50% might come from, the employer share of FICA, but the justification for going up to 85% escapes me.

[Dr.Deth]

But this latest proposal made on Fox and Friends is the most significant and expensive yet, costing the government $1.8 trillion over the next decade

Whose money is it if they never seize it to begin with? Apparently this nimrod presumes that it all belongs to the government to begin with, and anything you are allowed to keep is by their grace alone.

You think you hate journalists enough, but you don't.

[teeman8r]

cutting taxes only costs the government when democrats run things

[chrisser]

Was already going to vote for him. He didn’t have to sell me.

[DennisR]

That is okay, but Trump needs to decrease the evil spending that is our biggest national threat,

[Brian Griffin]

The objective should be to treat people fairly.

conservative <-> fairness

leftist <-> equality, even if not fair

[Brian Griffin]

Income tax on benefits
2023 $49 billion
2024 $51 billion

https://www.ssa.gov/policy/trust-funds-summary.html

$1.8 trillion?

[impimp]

the people who need social security relief are the people who pay the social security taxes who have kids….helping seniors at the expense of the young who pay for it is misguided

[cpdiii]

I paid social security and that was my money. I paid the maximum rate from the time I was 21 years old until retirement at 69 years of age. My employer also paid the same amount to my account. The government put it in the general fund and spent it, courtesy of our government. They did not invest it even in low percentage government bonds. They just took it! Now they give me back my money and tax it again as new income.

THAT WAS MY MONEY YOU THIEVING BASTARDS. Why must I pay taxes on my money you took from me?

[Tell It Right]

A correction on the article is needed, as well as clarification.

Taxes on Social Security apply to individuals with household incomes above $25,000 and married couples with an income above $32,000. They pay 50 percent tax on that income.

I believe it shouldn’t say you’d pay a 50% tax rate on your SS income. It should say that 50% of your SS counts as taxable income at whatever rate your combined income tax bracket is.

Singles with incomes of more than $34,000 - $44,000 for couples - are also taxed on an additional 35 percent of their incomes.

True. Or read it as 85% of your SS income is taxed (35% in addition to the aforementioned 50%).