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Posted (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 by The Frankish Reich
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Posted
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.

 

 

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Posted
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.

Posted
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...

Posted

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.

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Posted
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

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Posted
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....

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Posted
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.

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Posted
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? 

Posted
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%.

 

Posted

people ask me why I call Donald Trump a liar. THIS kind of stuff is precisely why.

 

so Much LYING. It comes so naturally.

 

leather rinse repeat.

 

Don the Con Yes Indeed

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Posted
22 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.

Yea because it's for retired people with no other income. There might be a way to do tax planning to make it look like you make less. I don't ever qualify for any of these types of programs because of my high salary. It's always for people making less than X amount of money. You don't see me complaining. My wife wanted an EV and we make too much for the credit. My kids could go to school for free but we make too much. Etc etc. First world problems

Posted
25 minutes ago, TH3 said:

so you approve of the current GOP plan that will add trillions to the national debt? 

Hell no, they're flaming idiots too.

Posted (edited)
19 minutes ago, K D said:

Yea because it's for retired people with no other income. There might be a way to do tax planning to make it look like you make less. I don't ever qualify for any of these types of programs because of my high salary. It's always for people making less than X amount of money. You don't see me complaining. My wife wanted an EV and we make too much for the credit. My kids could go to school for free but we make too much. Etc etc. First world problems

Oh, I agree. I'm just saying that the Trump promise - NO TAX ON SOCIAL SECURITY - was just that. It wasn't INCREASED STANDARD DEDUCTION FOR PEOPLE 65 AND OVER WHO MAKE LESS THAN $75,000! Doesn't have the same ring to it, does it ...

Somehow between the campaign slogan and the actual legislation I fell off the radar. 

 

On EVs: lease! The lease credits are still out there since somehow they flow to the dealer. I got a ridiculously cheap EV lease end of last year. Nice car, I never buy gas now except for long road trips where I still take the old ICE SUV.

Edited by The Frankish Reich
Posted
20 minutes ago, The Frankish Reich said:

On EVs: lease! The lease credits are still out there since somehow they flow to the dealer. I got a ridiculously cheap EV lease end of last year. Nice car, I never buy gas now except for long road trips where I still take the old ICE SUV.

So even though we don't qualify because of our salary it doesn't matter with a lease because it goes to the dealer? That's interesting I'll have to look into that. Thanks 

Posted
2 hours ago, muppy said:

people ask me why I call Donald Trump a liar. THIS kind of stuff is precisely why.

 

so Much LYING. It comes so naturally.

 

leather rinse repeat.

 

Don the Con Yes Indeed

 

The Dems are no better.

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