We had no choice on the withholding of funds for SS. We should not have to pay taxes on funds collected without our permission. Perhaps people could have used that which was applied to SS, instead of credit cards which charge an exorbitant interest rate or they could have invested the money or placed in a savings account of their choice.
Was gonna say, yep, but it’s not true! There is no federal deduction for the amount of gross wages for the amount of FICA withheld. Total gross wages goes to an income line.
Same deal. You pay 2x fica, for u and this biz portion, but no deduction…still paying taxes on the gross earnings. The meme is correct. It’s already been taxed.
If I could get a refund for all my SS contributions and also my employer's contribution, with no interest or gain at all, I would take that in a nanosecond. I would have retired years ago, if that money was invested in the market.
I'LL SPEND A LOT OF TIME HERE. I WANT TO, YOU KNOW, FOR FOUR YEARS
I'VE GOT TO BE IN WASHINGTON. I'M OKAY WITH IT BECAUSE I LOVE
THE WHITE HOUSE. I EVEN FIXED UP THE LITTLE OVAL OFFICE. I MADE
IT, IT'S LIKE A DIAMOND. IT'S BEAUTIFUL. IT'S SO BEAUTIFUL. IT
WASN'T MAINTAINED PROPERLY, I WILL TELL YOU THAT. BUT EVEN
WHEN IT WASN'T, IT WAS STILL THE OVAL OFFICE, SO IT MEANT A LOT.
BUT I'LL SPEND AS MUCH TIME AS I CAN HERE. YOU KNOW, MY VACATION
IS GENERALLY HERE BECAUSE IT'S CONVENIENT. I LIVE IN PALM
BEACH, IT'S MY HOME, AND I HAVE A VERY NICE LITTLE PLACE, NICE LITTLE COTTAGE TO STAY AT, RIGHT? BUT WE HAVE A LOT OF FUN.AND I'M A BIG CONTRIBUTOR TO FLORIDA, YOU KNOW, PAY A LOT OF TAX. LET ME LET ME JUST PAUSE HERE FOR A SECOND TO NOTE THATTHE STATE OF FLORIDA HAS ZERO STATE INCOME TAX, UNLIKE THE STATE OF NEW YORK, WHICH HE LEFT. SO NO, HE DOESN'T PAY ALOT OF TAX IN FLORIDA. I'M A BIG
CONTRIBUTOR TO FLORIDA. YOU KNOW , I PAID A LOT OF TAX AND A
LOT OF PEOPLE MOVED FROM NEW YORK. AND I DON'T KNOW WHAT NEW
YORK IS GOING TO DO. A LOT OF PEOPLE MOVED TO FLORIDA FROM NEW
YORK, AND IT WAS FOR A LOT OF REASONS. BUT ONE OF THEM WAS
TAXES. THE TAXES ARE SO HIGH IN NEW YORK THEY'RE LEAVING. I
DON'T KNOW WHAT NEW YORK IS GOING TO DO ABOUT ABOUT THAT,
BECAUSE SOME OF THE BIGGEST, WEALTHIEST PEOPLE AND SOME OF
THE PEOPLE THAT PAY THE MOST TAXES OF ANY PEOPLE ANYWHERE IN
THE WORLD, FOR THAT MATTER, THEY'RE MOVING TO FLORIDA AND
OTHER PLACES. SO WE'RE GOING TO HAVE TO HELP SOME OF THESE
STATES OUT, I THINK. BUT THANK YOU VERY MUCH. I'LL BE HERE AS
MUCH AS I CAN. VERY NICE QUESTION
Tell that to the people who insist on extra blank lines (Unicode characters identical to blanks) at the top and bottom, or use a larger font, just to make their comments stick out more.
Not quite, there are tax deductions and quite a few lower middle income may get relief but there are still taxes on social security.
Plus is anything in this bill permanent since it’s a reconciliation bill? Seems like most things keep expiring, like the previous Trump tax cuts will this year without the renewal.
When will Congress just make all of these changes permanent?
and if they would have invested it instead of treating it like a piggy bank robbing it blind.... there would not be a shortage.......
Can we stop dancing around this crap. End income taxes. End the irs. Sales tax fine, maybe. End property taxes. Let's goooooooo
Property tax is the biggest theft. Worse than income tax.
We had no choice on the withholding of funds for SS. We should not have to pay taxes on funds collected without our permission. Perhaps people could have used that which was applied to SS, instead of credit cards which charge an exorbitant interest rate or they could have invested the money or placed in a savings account of their choice.
Actually social security is a pretax withholding, so you don’t pay federal income tax on it.
Was gonna say, yep, but it’s not true! There is no federal deduction for the amount of gross wages for the amount of FICA withheld. Total gross wages goes to an income line.
Now do small business owner (X2)
Same deal. You pay 2x fica, for u and this biz portion, but no deduction…still paying taxes on the gross earnings. The meme is correct. It’s already been taxed.
Abolish the IRS
No tax on income period. Not even Investment income. This shit slave state we live in needs to be broken in a thousand pieces.
boomer pandering
meanwhile a lot of Gen YZ don't expect to see SS at all:
https://www.nasdaq.com/articles/gen-z-and-millennials-arent-counting-on-social-security-are-they-in-for-a-pleasant
If I could get a refund for all my SS contributions and also my employer's contribution, with no interest or gain at all, I would take that in a nanosecond. I would have retired years ago, if that money was invested in the market.
I'LL SPEND A LOT OF TIME HERE. I WANT TO, YOU KNOW, FOR FOUR YEARS I'VE GOT TO BE IN WASHINGTON. I'M OKAY WITH IT BECAUSE I LOVE THE WHITE HOUSE. I EVEN FIXED UP THE LITTLE OVAL OFFICE. I MADE IT, IT'S LIKE A DIAMOND. IT'S BEAUTIFUL. IT'S SO BEAUTIFUL. IT WASN'T MAINTAINED PROPERLY, I WILL TELL YOU THAT. BUT EVEN WHEN IT WASN'T, IT WAS STILL THE OVAL OFFICE, SO IT MEANT A LOT. BUT I'LL SPEND AS MUCH TIME AS I CAN HERE. YOU KNOW, MY VACATION IS GENERALLY HERE BECAUSE IT'S CONVENIENT. I LIVE IN PALM BEACH, IT'S MY HOME, AND I HAVE A VERY NICE LITTLE PLACE, NICE LITTLE COTTAGE TO STAY AT, RIGHT? BUT WE HAVE A LOT OF FUN.AND I'M A BIG CONTRIBUTOR TO FLORIDA, YOU KNOW, PAY A LOT OF TAX. LET ME LET ME JUST PAUSE HERE FOR A SECOND TO NOTE THATTHE STATE OF FLORIDA HAS ZERO STATE INCOME TAX, UNLIKE THE STATE OF NEW YORK, WHICH HE LEFT. SO NO, HE DOESN'T PAY ALOT OF TAX IN FLORIDA. I'M A BIG CONTRIBUTOR TO FLORIDA. YOU KNOW , I PAID A LOT OF TAX AND A LOT OF PEOPLE MOVED FROM NEW YORK. AND I DON'T KNOW WHAT NEW YORK IS GOING TO DO. A LOT OF PEOPLE MOVED TO FLORIDA FROM NEW YORK, AND IT WAS FOR A LOT OF REASONS. BUT ONE OF THEM WAS TAXES. THE TAXES ARE SO HIGH IN NEW YORK THEY'RE LEAVING. I DON'T KNOW WHAT NEW YORK IS GOING TO DO ABOUT ABOUT THAT, BECAUSE SOME OF THE BIGGEST, WEALTHIEST PEOPLE AND SOME OF THE PEOPLE THAT PAY THE MOST TAXES OF ANY PEOPLE ANYWHERE IN THE WORLD, FOR THAT MATTER, THEY'RE MOVING TO FLORIDA AND OTHER PLACES. SO WE'RE GOING TO HAVE TO HELP SOME OF THESE STATES OUT, I THINK. BUT THANK YOU VERY MUCH. I'LL BE HERE AS MUCH AS I CAN. VERY NICE QUESTION
Caps lock is for idiots.
Tell that to the people who insist on extra blank lines (Unicode characters identical to blanks) at the top and bottom, or use a larger font, just to make their comments stick out more.
I AM OLD AND EASIER TO READ. I LIKE WHEN TRUMP POST ALL CAPS. ARE YOU CALL HIM IDIOT?
Not quite, there are tax deductions and quite a few lower middle income may get relief but there are still taxes on social security.
Plus is anything in this bill permanent since it’s a reconciliation bill? Seems like most things keep expiring, like the previous Trump tax cuts will this year without the renewal.
When will Congress just make all of these changes permanent?
Apparently this was stripped out of the Senate version that passed and replaced with a $6000 bonus to seniors?