The Frankish Reich Posted 21 hours ago Posted 21 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 21 hours ago by The Frankish Reich 1
The Frankish Reich Posted 20 hours ago Author Posted 20 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 20 hours ago Posted 20 hours ago Anybody who believes anything trump says is an idiot pure and simple. 1
The Frankish Reich Posted 20 hours ago Author Posted 20 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 10 hours ago Author Posted 10 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.
TH3 Posted 3 hours ago Posted 3 hours ago 17 hours ago, The Frankish Reich said: 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 USA growing more pathetic by the day...We "need" a new AF1 provided by another country...we just can't provide health care or food for poor children, tax cuts for the rich financed by debt and tariffs, Fox news cabinet members think their job is a freaking joke...can't prepare budgets and spend their time on social media and attending public events...communist style military parades.... WTF are we even doing.... As well...funny how the topics on the first page of this forum are now reverting back to talking about Kamala and Joe...as that's all they got...
ScotSHO Posted 2 hours ago Posted 2 hours ago You @ssholes want to spend the fed gov't into oblivion, but then whine when the math stops mathing and taxes have to marginally increase. Or in this case stay flat for the end user. Maybe start with the problem and run on a ticket that wants to actually cut the fed gov't goofball spending programs? Dems would get 110% approval ratings if they ran on that, instead of tranny bathroom rights. 2
K D Posted 28 minutes ago Posted 28 minutes ago 1 hour ago, ScotSHO said: You @ssholes want to spend the fed gov't into oblivion, but then whine when the math stops mathing and taxes have to marginally increase. Or in this case stay flat for the end user. Maybe start with the problem and run on a ticket that wants to actually cut the fed gov't goofball spending programs? Dems would get 110% approval ratings if they ran on that, instead of tranny bathroom rights. It's only bad when Trump does it. Imagine the Dems bringing back jobs to America and cutting pharma costs. Isn't that what their party is supposed to be about? Trump is beating them at their own game and they don't know how to react 1
TH3 Posted 19 minutes ago Posted 19 minutes ago 8 minutes ago, K D said: It's only bad when Trump does it. Imagine the Dems bringing back jobs to America and cutting pharma costs. Isn't that what their party is supposed to be about? Trump is beating them at their own game and they don't know how to react he hasn't done any of that....
The Frankish Reich Posted 17 minutes ago Author Posted 17 minutes ago 9 minutes ago, K D said: It's only bad when Trump does it. Imagine the Dems bringing back jobs to America and cutting pharma costs. Isn't that what their party is supposed to be about? Trump is beating them at their own game and they don't know how to react I was promised NO TAX ON SOCIAL SECURITY. My social security benefits will be FULLY TAXED. That's all.
TH3 Posted 12 minutes ago Posted 12 minutes ago 1 hour ago, ScotSHO said: You @ssholes want to spend the fed gov't into oblivion, but then whine when the math stops mathing and taxes have to marginally increase. Or in this case stay flat for the end user. Maybe start with the problem and run on a ticket that wants to actually cut the fed gov't goofball spending programs? Dems would get 110% approval ratings if they ran on that, instead of tranny bathroom rights. so you approve of the current GOP plan that will add trillions to the national debt?
sherpa Posted 3 minutes ago Posted 3 minutes ago 11 minutes ago, The Frankish Reich said: I was promised NO TAX ON SOCIAL SECURITY. My social security benefits will be FULLY TAXED. That's all. No, that's not all. Your SS benefit will not be "fully" taxed under current law. Only up to 85%.
Recommended Posts