What happened to no taxes on Social Security?
Naw, a few thousand in senior tax breaks isn’t worth the spending this bill allows. Most of the savings come 8-10 years out by which time no one will remember they were supposed to be cutting the deficit back in 2025. More smoke and mirrors, this time brought to you by the R’s.
The rich bitches get $80 tax deduction on their mansion’s property tax, you the peon, **might get up to** $4k deduction on your taxes.
4K
And the bill do not cut the budget one iota. Nothing is cut.
Meet the new Boss, same as the old Boss.
SImply disappointing.
When the dems started taxing ss did they change the 74 law or just implement a tax ?
Republicans have the opportunity to prevent that from happening now. If they do, they will get seniors' votes in the longterm. If they don't, they won't get seniors' votes in the longterm.
Republicans need to end all taxes on social security benefits and make that take effect ASAP.
According to Grok:
Social Security benefits can be taxed, depending on your income. If your combined income—adjusted gross income (AGI) plus nontaxable interest plus half of your Social Security benefits—exceeds certain thresholds, a portion of your benefits may be taxable:
Single filers: Combined income between $25,000 and $34,000: Up to 50% of benefits may be taxable. Above $34,000: Up to 85% may be taxable.
Married filing jointly: Combined income between $32,000 and $44,000: Up to 50% of benefits may be taxable. Above $44,000: Up to 85% may be taxable.
Republicans also need to refrain from messing with Medicaid in any way other than ensuring that it goes only to American citizens.
A bold-face campaign lie. The resulting reduction in Federal taxes will be a mere spit for most seniors.