Posted on 07/01/2025 1:00:00 PM PDT by Red Badger
This is a bull crap article. It’s made to sound like ALL social security payments will be cut. All this really amounts to is a review of people receiving payments to make sure they are eligible. This guy should be banned from writing.
>> SS checks could be smaller
reclaiming overpayments...
IRS would do the same thing
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And freeze your assets if they wanted too.
So basically the same number of people living in Nashville.
About 98% of the idiots who call themselves journalists should be banned.
I haven’t received any overpayments. I would see it right away, since my social security payment is the same amount to the penny for every fiscal year.
The affected individuals are a small % of all soc sec recipients.
...........................Tot....../ soc sec / SSI / ssi only
All beneficiaries 74,090 / 66,681 / 4,871 / 2,538
Aged 65 or older 57,164 / 54,682 / 1,073 / 1,409
Disabled < age 65 11,251 / 6,324 / 3,798 / 1,129
Other................... 5,676 / 5,676 . . . . . .
I am 100% in favor of this. But I do note that nobody is clawing back USAID, Ukraine cash, massive fraud across the covid scam, illegal alien scams, Catholic Social Services, Lutheran charities, disability scams, Pfizer etc.
But they will swing into action like Iron Man if it’s against Social Security recipients.
But the money is not lost forever. That money is recalculated to increase your future benefit when you decide to quit working (as long as it's before age 70, after which your benefit calculation is frozen for life).
I hate SS about as much as I hate arguing with my ex-mother-in-law. It's a giant Ponzi scheme that I and my various employers were forced to "invest" in with a bunch of govt rules on when and how much money I get back from it (not yet in my 50's). If I had been allowed to keep all that money I would have invested much of it (like my wife and I did with the money the govt graciously let us keep from our paychecks), then instead of being quasi-retired I'd be fully retired.
Okay, so here’s a legit question:
Say you are retired and getting SS and a pension. 5 years after you retire, your employer calls you in to fix a problem that only you know how to fix, and offers you $15,000 to do so. You do so and fix the problem in less than a week.
Are you then obligated to tell the SSA?
“”because individuals failed to notify the SSA about changes to their income””
NO such requirement FOR receiving NORMAL retirement benefits - only for SSI which has requirements to become eligible.
I thought after full retirement age (say 67) it doesn’t matter how much you make on the job - you can claim SS with no income penalty...
Yeah, claw back what you’ve taxed me on twice.
Thank you for identifying the main point in brackets.
exactly
A lot of it has to do with with Medicare.
Medicare is means tested.
Ones adjusted gross income is key to part b and part g Medicare premiums.
Adjusted gross income which doesn’t match paid Medicare premiums is either taken back or refunded depending on which way it goes.
I would hope you get a W-2 with federal, state and SS deductions listed.
As far as I know, a change in income only affects Supplemental Security Income (SSI) - which is like a federal welfare cash subsidy.
Your annual income has no impact on your regular Social Security payment, as far as I know.
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