NO tax on Social Security per SSA

Thats a fantastic email

Weird fact I learned tonight

Ronald Wilson Reagan is the man who instituted a tax on ss

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Ronald Wilson Reagan is the man who instituted a tax on ss

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Loved the man but he wasn’t perfect by far. Especially that amnesty BS.

From Grok

You’re right to notice a discrepancy between the Social Security Administration’s (SSA) press release and other reports about the “One Big, Beautiful Bill” and its impact on taxes for Social Security benefits. Let’s clarify based on available information.
The SSA press release from July 3, 2025, claims that the bill ensures “nearly 90% of Social Security beneficiaries will no longer pay federal income taxes on their benefits,” suggesting significant tax relief for seniors. However, multiple sources indicate that the bill does not eliminate federal income taxes on Social Security benefits as President Trump had promised during his 2024 campaign. Instead, it introduces an additional standard deduction for individuals aged 65 and older, which indirectly reduces the taxable income for many seniors, including those receiving Social Security benefits. Here’s a detailed breakdown:
Key Provisions of the Bill Relevant to Social Security Taxes
1. Additional Senior Deduction:
• The bill provides a temporary “bonus” deduction for taxpayers aged 65 and older, ranging from $4,000 (House version) to $6,000 (Senate version) per individual, effective from 2025 to 2028.
• This deduction is available to both those who itemize and those who take the standard deduction, and it stacks on top of the existing standard deduction (e.g., $15,000 for single filers or $30,000 for joint filers in 2025, plus an existing age-related deduction of $1,600–$2,000).
• The deduction phases out for higher earners, starting at $75,000 for single filers and $150,000 for joint filers, and is fully phased out at $175,000 for singles and $250,000 for couples.
2. No Direct Elimination of Social Security Taxes:
• Contrary to the SSA’s claim and White House statements, the bill does not explicitly eliminate federal income taxes on Social Security benefits.
• Currently, up to 85% of Social Security benefits can be taxed if a retiree’s provisional income (adjusted gross income + tax-exempt interest + 50% of Social Security benefits) exceeds $34,000 for individuals or $44,000 for couples. These thresholds remain unchanged.
• The additional senior deduction reduces taxable income, which can lower or eliminate the portion of Social Security benefits subject to tax for some seniors, particularly those with modest incomes. For example, a single filer with $24,000 in Social Security benefits and low additional income could see their taxable income fall below the threshold for taxing benefits due to the increased deduction.
3. Impact on Beneficiaries:
• The White House claims that the deduction, combined with other standard deductions, ensures that “88% of all seniors who receive Social Security” will pay no taxes on their benefits, yielding an average after-tax income increase of $670 per senior.
• However, this claim has been criticized as misleading because it relies on the deduction’s indirect effect rather than a direct repeal of Social Security benefit taxation. Many low-income seniors already pay no taxes on benefits due to existing thresholds, and wealthier seniors may not benefit significantly due to the phase-out.
• The deduction does not benefit seniors with incomes below the standard deduction, as their Social Security benefits are already non-taxable.
4. Fiscal and Programmatic Concerns:
• Eliminating taxes on Social Security benefits entirely would cost an estimated $1.4–$1.5 trillion over 10 years and accelerate the depletion of the Social Security trust fund from 2033 to 2032.
• The senior deduction is less costly (estimated at $66 billion over 2025–2028) but still reduces revenue to the trust fund, potentially hastening its insolvency by about one year.
• Critics argue that the temporary nature of the deduction (expiring in 2028) limits its long-term relief, and some seniors may still face taxes on benefits depending on their income.
Why the SSA’s Claim May Seem Misleading
The SSA’s statement that “nearly 90% of Social Security beneficiaries will no longer pay federal income taxes on their benefits” likely stems from the White House’s messaging, which emphasizes the senior deduction’s effect on reducing taxable income. However, this is not the same as eliminating the tax on Social Security benefits, as the taxation mechanism remains intact. The deduction can reduce or eliminate taxes on benefits for many low- and middle-income seniors by lowering their taxable income below the thresholds for taxing Social Security. Still, it does not universally eliminate taxes for all beneficiaries, especially higher earners, and the effect is temporary (2025–2028).
Posts on X reflect public confusion and skepticism about these claims, with some users pointing out that the bill only offers a deduction, not a full tax exemption, and others expressing disappointment that Trump’s campaign promise was not fully met.
What This Means for You
• If you’re a Social Security beneficiary with low to moderate income (below $75,000 for singles or $150,000 for couples), the additional $4,000–$6,000 deduction could reduce or eliminate taxes on your benefits by lowering your taxable income. For example, a couple with $120,000 in income could reduce their taxable income by up to $46,700 (standard deduction + existing age-related deduction + new bonus deduction).
• If you’re a higher earner, the deduction phases out, and you may still owe taxes on up to 85% of your benefits if your provisional income exceeds the thresholds.
• Long-term impact: The deduction is temporary (2025–2028), and without further legislation, taxes on benefits could resume for some seniors after 2028. Additionally, the reduction in trust fund revenue could affect Social Security’s solvency, potentially leading to benefit cuts by 2032 unless Congress acts.

So most of it is temporary.

Get ready in 2027: WE MUST PASS ALL OF THIS GARBAGE bullshite OR SENIORS WILL EXPERIENCE THE LARGEST TAX INCREASE IN AMERICAN HISTORY!!!

quote:

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Weird fact I learned tonight

Ronald Wilson Reagan is the man who instituted a tax on ss

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bullshite



ETA: and I don't give a shite what fake news AI Grok Siri Whoever says


it was Gerald Ford


And it was Bill Clinton who raised it substantially

I thought Trump was trying to take social security away and kill seniors??

The democrats assured me this would be the case. What happened?

People actually believed that shite!

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Ronald Wilson Reagan is the man who instituted a tax on ss

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Because of the way SS paycheck contributions are structured (as a loan from you to Uncle Sam), there is a limited ability (vis-a-vis the 14th A) to make payback progressively smaller for high earners.

Taxing SS is a different story. Whereas everyone may receive a similar payout for lifetime contributions, wealthier individuals are taxed more. So their post-tax benefit shrinks as income rises. Further, tax on SS is channelled back into SS. So it was/is an ingenious way of making SS more progressive without exposure to Constitutional challenge. This SS tax exemption is more of the same.

And gave chemical weapons too Sadam to use on Iran.