8trackdisco
a year ago

Yeah, we'll see. Seems to me promising to lower taxes, no tax on overtime, no tax on SS, etc are not going to help lower the deficit. Maybe kicking enough bureaucrats out the door will help and certainly getting a handle on illegal immigration. Right now I believe the interest on the debt is in the range of $1T each year.

deadeyedick wrote:




Damn, DED. You hit THIS one on the head.

The bill passing the senate has no tax on tips or social security benefits. Also makes the middle class tax cuts permanent.

It also ADDS 5 trillion in debt.

DOGE better kick it up a notch. Especially if Elon says he can cut 2 trillion a year.
Brewha
a year ago

Damn, DED. You hit THIS one on the head.

The bill passing the senate has no tax on tips or social security benefits. Also makes the middle class tax cuts permanent.

It also ADDS 5 trillion in debt.

DOGE better kick it up a notch. Especially if Elon says he can cut 2 trillion a year.

8trackdisco wrote:



IF the Criminal-n-Chief makes good on this and I do not have to pay tax on my SS benefit, I’ll give him proper credit.

SS benefits should have never been taxed in the first place.
RayR
a year ago

IF the Criminal-n-Chief makes good on this and I do not have to pay tax on my SS benefit, I’ll give him proper credit.

SS benefits should have never been taxed in the first place.

Brewha wrote:



But Sleppy Joe said you've got to pay yer fair share. It patriotic.
rfenst
a year ago

But Sleppy Joe said you've got to pay yer fair share. It patriotic.

RayR wrote:


Isn't a monthly 401k withdrawal, which originates with tax-free income too, similarly taxed?
Brewha
a year ago

Isn't a monthly 401k withdrawal, which originates with tax-free income too, similarly taxed?

rfenst wrote:


True.

But my wages were taxed for social security. And now I will be taxed again on the benefit?

Should we pay tax on all government benefits? Like say, use of a federal highway?
rfenst
a year ago

True.

But my wages were taxed for social security. And now I will be taxed again on the benefit?

Should we pay tax on all government benefits? Like say, use of a federal highway?

Brewha wrote:


Some to all of your SS is paid by pretax earnings.
Brewha
a year ago
All of my SS taxes were…taxes. Like any other federal or state tax.

You are putting it in the light of a “contribution” I elected to make - pre-tax. But I was in fact paying a tax - and had no choice. Why is this tax benefit (like having roadways) taxable?
ZRX1200
a year ago

All of my SS taxes were…taxes. Like any other federal or state tax.

You are putting it in the light of a “contribution” I elected to make - pre-tax. But I was in fact paying a tax - and had no choice. Why is this tax benefit (like having roadways) taxable?

Brewha wrote:



You’re sounding like a real dissident now, tread carefully sir!
RayR
a year ago
TAXATION is THEFT, Brew!

It's a mob protection racket. Pay what they tell you, or else. [spank]
You didn't build that!
It's not your money...it belongs to the gubment and they will tell you how much you can keep.
That's what it is to be a slave!🤬
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