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Started By
Message
re: No tax on Social Security in big beautiful bill; What happened to that?
Posted on 5/24/25 at 2:34 pm to VABuckeye
Posted on 5/24/25 at 2:34 pm to VABuckeye
quote:
you believe this I have ocean front property in Nebraska to sell you.
Lake Mac is great. It's our 30A
This post was edited on 5/24/25 at 2:35 pm
2
Posted on 5/24/25 at 2:52 pm to TigersHuskers
Hubba Bubba
You might want to re-google your research. Ss withholding does not reduce federal taxable income.
You might want to re-google your research. Ss withholding does not reduce federal taxable income.
This post was edited on 5/24/25 at 3:00 pm
Posted on 5/24/25 at 3:13 pm to Tandemjay
quote:That's not really good advice for everyone.
SS is a self licking ice cream cone, the moment you're eligible file for it.
Posted on 5/24/25 at 3:37 pm to deltaland
quote:
Promises not kept
Still 3 years 8 months before you can make this claim.
Posted on 6/4/25 at 2:44 pm to sc2anni
Good questiom.
And what happened to residence basrd taxation?
And what happened to residence basrd taxation?
Posted on 6/4/25 at 2:58 pm to sc2anni
quote:
We already paid in when we were working.
Technically, you didn't pay any taxes on the funds the Governemnt took out of your check for FICA. So, our Governemet, in it's infinite wisdom, considers SS a pre-taxed bnenefit.
Posted on 6/4/25 at 3:13 pm to HubbaBubba
quote:
SS is a self licking ice cream cone, the moment you're eligible file for it.
That's not really good advice for everyone.
That kind of advice comes from ignorance. Most people will benefit more if they delay taking SS for as long as they can.
Posted on 6/4/25 at 3:15 pm to sc2anni
I know.
Everything got in except for that.
Pisses me off.
Everything got in except for that.
Pisses me off.
Posted on 6/4/25 at 3:22 pm to deltaland
quote:
Just like doge and elon going to cut 2 trillion a year in expenses.
To be fair that number was never going to happen and people should've known better than to believe it. Just like tariffs eliminating the income tax. It'll never happen.
quote:
Instead we get 150 billion.
Much lower than I would've preferred.
quote:
Art of the Cave to the Uniparty
There's some of that too.
Posted on 6/4/25 at 3:27 pm to TigersHuskers
quote:
Lake Mac is great. It's our 30A
Used to be great... until the water started being used faster than it was replenished.
Posted on 6/4/25 at 3:45 pm to sc2anni
Cut the deficit, but don’t cut anything I want…
-All of America, Dems and Reps
SS is taxed deferred just like 401k withholding
-All of America, Dems and Reps
SS is taxed deferred just like 401k withholding
Posted on 6/4/25 at 3:49 pm to sc2anni
For the record you didn’t pay tax on the SS withheld from your check while you were working. If you look at your W-2 taxable income vs your gross income you will notice it. This is just an FYI and not commenting on the bill. I would benefit from no tax if it passes.
Posted on 6/4/25 at 4:00 pm to sc2anni
Anything Special security related is not allowed to be in the BBB - it has to be its own separate bill
Posted on 6/4/25 at 4:21 pm to sc2anni
quote:
No tax on Social Security in big beautiful bill; What happened to that?
It's not a big deal
Posted on 6/4/25 at 4:22 pm to deltaland
You must be one miserable SOB
Posted on 6/4/25 at 4:52 pm to HubbaBubba
quote:
No. You don't pay tax on FICA withholdings. The rationale for taxing SS payments is right there. I don't have to like it, but I understand why.
Umm I may be misunderstanding what you are saying, but the employee portion of FICA is not deductible. It’s an added tax in addition to income tax.
Posted on 6/4/25 at 4:54 pm to HubbaBubba
quote:
No. You don't pay tax on FICA withholdings. The rationale for taxing SS payments is right there. I don't have to like it, but I understand why.
You absolutely pay income tax on your FICA withholdings.
For simple explanation purposes, if you have $100,000 in gross income in 2025, you pay $7,650 in FICA taxes (7.65%). You still pay income taxes as if you earned $100,000. You don’t get to deduct the $7,650 and pay taxes on $92,350 instead. Your AGI is unchanged if they took FICA away.
Posted on 6/4/25 at 4:56 pm to Auburn80
quote:
For the record you didn’t pay tax on the SS withheld from your check while you were working.
What?
Maybe I don't understand what you are trying to say. If you gross $1,000 and they withhold $62 for SS, your federal income tax is based on the gross of $1,000 not based on $938 ($1,000 - $62). Am I wrong?
Posted on 6/4/25 at 4:57 pm to Auburn80
quote:
For the record you didn’t pay tax on the SS withheld from your check while you were working. If you look at your W-2 taxable income vs your gross income you will notice it.
Your Medicare and Social Security income on your W2 are different from your Box 1 wages because of pre-tax deductions you get to take (401k, health premiums, etc), not because FICA is deducted.
Posted on 6/4/25 at 5:02 pm to sc2anni
The byrd rule.
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