re: 'You earned it, you keep it act' bill would eliminate taxes on Social Security

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it’s a tax increase for everyone making $250k or more

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Yeah, I’m a hell no. All this does is tax me more for a promise that will Never deliver… You work to get a nice income then they beat you down, and this is about F’ing votes…..

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First sane SS bill i’ve heard about in many many moons

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It’s simply taxing people more now so that people that are supposedly in low tax brackets will pay less when they weren’t even expecting to. That’s sane to you?

I don’t disagree that it’s incredibly stupid that the benefits are taxable, but they are. This is doubling down on a stupid system that has already become too top heavy

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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.

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Seems so easy Right?

It's even worse than this. Doughnut hole to 250k then every $ above that.

frick that.
Is it the same on both the employee and employer portions?

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Is it the same on both the employee and employer portions?

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Of course. They are basically making this in line with the Medicare surtax/ net investment tax. That’s $250/200k threshold hasn’t moved, but they have been aggressively moving up the social security limit.

Trying to trick old people into supporting something that will permanently tax younger generations.

ETA: I don’t think the Medicaire surtax hits the employer side, but this is just a disguise at an increased tax rate for high earners that isn’t built into the marginal tax rates.

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Any change to ss that does not convert funds to investment vehicles is batshit.

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Well, Washington is addicted to those blue light specials on borrowing from the SS "Trust Fund" and repaying it with dollars worth less than the original "investment."

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Is it the same on both the employee and employer portions?

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Working for myself all these years, I got both barrels.

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I have been receiving SS retirement (not my only retirement income) for several years. I began paying into the system at age 13 loading trucks with grown men at $1.10 per hour. Guess how those of us who paid into the system, against our will, for 50 plus years feel about your statement.

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Old people’s feelings are why we can’t make any meaningful changes to this system. Guess what gramps, we have paid into the system too, and have never expected to get anything out of it, with every proposed change making it look less and less likely.

And you don’t realize that SSDI payments are also funded from FICA and absolutely a form of welfare. Because you paid a nickel per hour when you were 13, you are going to get yours.