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Started By
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'You earned it, you keep it act' bill would eliminate taxes on Social Security
Posted on 2/8/24 at 4:15 pm
Posted on 2/8/24 at 4:15 pm
-that would repeal the taxation of Social Security benefits
-raises the cap on SS tax from 168K to 250K
-extends the program's solvency by 20 years
Rep. Angie Craig's bill
-raises the cap on SS tax from 168K to 250K
-extends the program's solvency by 20 years
Rep. Angie Craig's bill
25
Posted on 2/8/24 at 4:22 pm to TigerintheNO
There should not be taxes on funds that were confiscated.
But they are paying for it by increasing the max income that you have to pay social sec. At least that is the way I read it the other day. I like the premise but just cut spending.
But they are paying for it by increasing the max income that you have to pay social sec. At least that is the way I read it the other day. I like the premise but just cut spending.
Posted on 2/8/24 at 4:24 pm to TigerintheNO
First sane SS bill i’ve heard about in many many moons
Posted on 2/8/24 at 4:25 pm to LSUnation78
Probably so they can give illegals Social Security.
Posted on 2/8/24 at 4:28 pm to LSUnation78
quote:Yeah, but what else is in it and what pork and Ukraine funding is going to be attached?
First sane SS bill i’ve heard about in many many moons
Posted on 2/8/24 at 4:28 pm to PsychTiger
quote:
Probably so they can give illegals Social Security.
that is exactly what its about, but they will bury it into a 2500 page bill no one can read and give it a cute name that is the exact oposite of what it will do
Posted on 2/8/24 at 4:32 pm to keakar
And $40 billion for Ukraine of course.
Posted on 2/8/24 at 4:39 pm to TigerintheNO
quote:
-raises the cap on SS tax from 168K to 250
That's going to be a no from me, dawg
Posted on 2/8/24 at 4:41 pm to TigerintheNO
Social Security has turned into welfare for those who didn't work.
Posted on 2/8/24 at 4:46 pm to TigerintheNO
quote:
raises the cap on SS tax from 168K to 250K
This is wrong. It doesn’t have a cap. It goes from $1 to $168k then 0 from $168k-250k then it resumes paying from 250k+. That’s how it’s generating so much revenue to stop having people pay taxes on SS AND make it solvent for another 20 years AND cut deficit spending by some trillions.
This post was edited on 2/8/24 at 5:00 pm
Posted on 2/8/24 at 4:46 pm to jp4lsu
quote:
I like the premise but just cut spending.
All of Congress:
Posted on 2/8/24 at 4:47 pm to TigerintheNO
The reason we are paying income taxes on social security income is thanks to Joe Biden, who authored the bill to make it happen. Amazing that this did not prevent him from becoming a puppet in chief.
Posted on 2/8/24 at 4:56 pm to TigerintheNO
why don’t they get rid of SS alltogether. If you can’t make enough money to save for retirement (2nd, 3rd jobs etc) then you deserve to work until you’re dead. IMO.
Posted on 2/8/24 at 5:21 pm to TigerintheNO
Is the cap on benefits increased?
Posted on 2/8/24 at 5:24 pm to BigJim
quote:
Is the cap on benefits increased?
That wouldn't creat additional solvency so no.
Posted on 2/8/24 at 5:25 pm to TigerintheNO
Any change to ss that does not convert funds to investment vehicles is batshit.
Posted on 2/8/24 at 5:28 pm to bigblake
It also does not raise the payout so high earners are funding it
Posted on 2/8/24 at 5:32 pm to TigerintheNO
So it’s a tax increase for everyone making $250k or more
Posted on 2/8/24 at 5:34 pm to Ostrich
Correct, and a very big one. 6+%
Posted on 2/8/24 at 5:35 pm to TigerintheNO
They fund other programs with our SS money, they should be paying interest on it when its given back to us, not taxing us on it!
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