The Frankish Reich Posted 13 hours ago Posted 13 hours ago (edited) As a guy getting ready to elect when to take social security, imagine my thrill upon learning that Trump promised no tax on social security. I think my benefit even at 62 will be north of $28,000/year. Since I pay about a quarter of that in federal taxes, I'll have an extra $7000/year in mad money! Oh. Wait. Read the fine print. Turns out my wife and I get ... Nothing. Zero. If we impoverished ourselves to get under the income cap, well, we'd get an additional $4,000 standard deduction. Which would save us the princely sum of ... wait for it ... $1000/year. So with an indent and a subparagraph (A), Trump's minions just took away $6,000/year from me. At least I wasn't one of the old suckers who voted for him because he was gonna put extra money in my pocket ... Next up: the bs no taxes on overtime and no taxes on tips, or when "No Taxes" means "Slightly Reduced Taxes for Poorer Filers." Big win! https://www.axios.com/2025/05/12/taxes-tips-big-beautiful-bill Edited 13 hours ago by The Frankish Reich 1
The Frankish Reich Posted 13 hours ago Author Posted 13 hours ago At least those of us living in the low income tax states won't be subsidizing all those tax-and-spend New Yorkers and Californians anymore. Wait, hold my beer:
4th&long Posted 13 hours ago Posted 13 hours ago Anybody who believes anything trump says is an idiot pure and simple. 1
The Frankish Reich Posted 13 hours ago Author Posted 13 hours ago 10 minutes ago, 4th&long said: Anybody who believes anything trump says is an idiot pure and simple. The Republicans in Congress agree. In a stunning development, it appears that the income tax will survive alongside the beautiful tariffs. In related news, there's a "real chance" the Tennessee Titans will win the Super Bowl this season. 1
The Frankish Reich Posted 3 hours ago Author Posted 3 hours ago 5 hours ago, Homelander said: Campaign Promises So you've gotta have FICA/Medicare deducted from your tips, which means you gotta declare those tips as income (kind sorta nontaxable income) which means ... well, your tax return didn't get any easier, did it. The Party of Filing Your Tax Return on a Postcard.
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