Trump Calls for End to Social Security Tax on Seniors

I can well see both ends of this spectrum. I have worked in the food services for tips, and thought it was a great shame that the IRS wanted me to declare them. Even more shameful that some restaurants paid low, causing employees to consider and pool their tips. Still, nobody forced me to work at those place. I worked at a LOT of them, until I found one that actually honored and cherished their good employees -- The Great American Food and Beverage Company in Santa Monica, CA. Those were the days. Sometimes the servers would perform with the live band. Sometimes we WERE the live band.

Even then though, at the pinnacle of good employer/employee relationships, tips were absolutely vital to be able to even begin to make ends meet. Many of us lived together in a small place. Tips should not be taxed. If you are living that lean, whatever brawta you manage to generate, should be yours. If you live that lean, those little bits should be yours.

Social Security. It was, I suppose never "intended" to be a retirement, but a minimum response to people who were # out of luck and time. In previous decades, some of the elderly took jobs at fast food places, just to make ends meet. They can't compete any more, at least not in most places. These people worked all their lives, and had SS taken out EVERY. SINGLE. #ING. PAYCHECK. And now, they get to their "golden" years, where there ain't no gold, and everything hurts, and they/we just wish everyone would turn down the noise and slow the # down and let us wrangle out our last few years in peace. ... ... ... aaaaaaaaaaand we have to declare our Social Security -- which has already been taxed within an inch of its life -- as income. VULGAR EXPLETIVE!!!!! I'm not mad though, or disappointed. I expected no less from this government which caters to everyone except the working class. It is exactly what I expected.

I want more. I want fairness for the elderly. We treat old horses better, 'putting them out to pasture', where they can eat and run sometimes and lay around and ride out their time until they die. We can't even afford the same dignity for people as we afford for a horse.

originally posted by: CriticalStinker
a reply to: Justoneman

If you spend more than you pull in, you go into debt, and that debt grows exponentially. Soon we’ll be paying more towards interest than most expenditures.

At no point under trumps admin were we taking in more than we spent.

Tax cuts come after spending cuts or you incur more debt. Then you pay towards inflation.

Who was in charge of the spending under Trumps term? The DEMOCRAT's ran Congress. Remember who has the purse is Congress and not the POTUS. Trump also had COVID to deal with at the end and they spent according to Fauci's requests like drunk sailors.

a reply to: matafuchs

The POTUS can't eliminate taxes on anything, by himself. It requires an act of Congress. Which ain't gonna happen. He's just bloviating in an election year.

The same way he was going to get Mexico to pay for his big, beautiful, wall.

originally posted by: Justoneman

originally posted by: CriticalStinker
a reply to: Justoneman

If you spend more than you pull in, you go into debt, and that debt grows exponentially. Soon we’ll be paying more towards interest than most expenditures.

At no point under trumps admin were we taking in more than we spent.

Tax cuts come after spending cuts or you incur more debt. Then you pay towards inflation.

Who was in charge of the spending under Trumps term? The DEMOCRAT's ran Congress. Remember who has the purse is Congress and not the POTUS. Trump also had COVID to deal with at the end and they spent according to Fauci's requests like drunk sailors.

The right had congress and senate for two years under Trump.

Biden had COVID to deal with too, and the aftermath of it. You ever see me give him a pass?

The fact remains, at no point under Trump were we taking in more than we were spending, thus we were building up debt.

You said he was like Ron Paul, he’s not. You can go look up Ron Paul’s voting record. He didn’t just talk the talk.

It’s your right as a citizen to trust politicians. And you’re welcome to your opinion. But there’s one thing on this earth that is a constant truth, and that’s math. Numbers don’t lie.

Your best argument is he was practicing the theory of lowering corporate taxes to bring back industry and create more revenue to tax. The only problem with that is it’s never been proven to work at our scale. Bush almost tanked the economy with tax cuts, deregulation, and stimulus. All three things I can agree with when coupled with a decrease in spending.

During Trumps tenure, and even Biden’s, we saw record quarters being posted for publicly traded companies. But their prices continued to rise while their workers pay didn’t match inflation.

So I’ll follow the math myself. You’re welcome to do what you want. In the end, I don’t think there’s going to be a vastly different outcome whether Trump wins or Kamala wins. Neither will actually be in control. Trump can’t get people to follow him, right or left, and Kamala will just be a puppet.

Social Security should not be taxed, the
income was already taxed when earned.

Taxing it again is a double tax, and if you
count the taxes on most things SS buys,
plus all of the years SS had that money
and does not pay interest, its a rip off.

a reply to: matafuchs

Wait till you find out who voted for both measures... the original tax on SS and then the expansion of it.

I will give you a clue about what Senator that was... his last name starts with a B and ends with iden.

We have to try to keep our income within the guidelines so we do not have to pay taxes on our social security under the present rules. If we take too much out of the wife's pension to have work done on the house, we not only have to pay for the work done, but also can create a tax from the pension withdrawal if it is so much that it throws us over the limit for a couple. She has to start withdrawing a certain amount from the pension next year. with our stock dividends, social security, her small pension, and the minimum withdrawal that will be required, we do not usually have to pay any income tax. But it is really close to the point of being taxable.

It will make it a lot less stressful if they get rid of this, one huge bill from an illness can not only take away our money, but create a tax to pay too. Remember, around here, you cannot get what you need done, it often means you need to go to marshfield or Mayo clinic or downstate and that means I or her will have to get a room and eat out when the other is in the hospital. It is common here to have to go where there are specialists for treatment for some conditions, we do not have these specialists locally or the specialists are not the best because the hospital can't afford to pay the experienced doctors.

I am all for Trump getting rid of this tax, it will also be good for the economy, We paid enough taxes in the past and it sucks to have to still pay taxes if we go out and get a little part time job somewhere to feel like a functional part of society.

Us old people can outwork many of the young too, I can get more accomplished than my grandkids could because I have experience and I know that employers need to pay huge bills and most around here do not get rich. Teaching the young to work efficiency and actually produce is not being done so much anymore...many think they just have to show up and do minimal work to earn their paycheck, they can't comprehend that those spurts of customers for a couple of hours in a restaurant require that a wage has to be paid for workers all day and they falsly believe that the owner is making lots of bucks.

originally posted by: Lumenari
a reply to: matafuchs

Wait till you find out who voted for both measures... the original tax on SS and then the expansion of it.

I will give you a clue about what Senator that was... his last name starts with a B and ends with iden.

Yeah, your info checks out. I usually check out things to see if they are true or properly expressed.

I find that liberals and progressives seem to distort things way more than Conservatives do. But not all Democrats are like that, some Democrats are moderates but tend to be fooled by twisted information more than the right leaning Republicans do.

originally posted by: norhoc4
a reply to: matafuchs

You should absolutely be taxed on tips, it is income. If you say no tax on tips then no one should be taxed on income. I am for no income tax and am sick of all these carve outs for specific people

No income should be taxed.

Politicians need to cut down on the money they are spending.

originally posted by: CriticalStinker
a reply to: Justoneman

Almost none of Trumps policy has lined up with Ron Paul.

Cutting taxes is a small part of Ron Paul’s vision.

Ron Paul wanted to End the Fed and the perpetual debt structure that causes inflation.

Trump only talks about cutting taxes, which is great if you reduce spending or change the mechanisms which create debt.

Exactly, so where is the money coming from to replace those axed taxes?

Exactly, so where is the money coming from to replace those axed taxes?

a reply to: quintessentone

The student loan forgiveness, the billions of dollars to Ukraine, the billions that the open borders policy costs and you want the buck to stop at social security checks keeping the tax. That is very funny how you do that, like a pretzel.

originally posted by: fringeofthefringe

Exactly, so where is the money coming from to replace those axed taxes?

a reply to: quintessentone

The student loan forgiveness, the billions of dollars to Ukraine, the billions that the open borders policy costs and you want the buck to stop at social security checks keeping the tax. That is very funny how you do that, like a pretzel.

Nothing about paying down the debt. The debt is never mentioned...ever. The pretzel seems to always end up with the middle class footing the bill for everything. Not a pretzel, rather a circle of life of screwing the little guy.

a reply to: Boomer1947

Do not need a Civics lesson. I know how it works. How much has Biden sent Ukraine?

Trump will circumvent it all just so his elitist ultra rich buddies don't have to pay taxes.

a reply to: matafuchs

One thing that Trumponomics doesn't seem to have any answers for is where the money comes from if you cut revenue collection?

How does the government, that is already in debt far more than GDP can service, get its money?

Can it just print money and expect the economy to survive?

Trump's previous economic policy seemed to be to 'buy everything on credit' and let someone else sort out the mess when the debts get called in, in the future.

originally posted by: chr0naut
a reply to: matafuchs

One thing that Trumponomics doesn't seem to have any answers for is where the money comes from if you cut revenue collection?

How does the government, that is already in debt far more than GDP can service, get its money?

Can it just print money and expect the economy to survive?

Trump's previous economic policy seemed to be to 'buy everything on credit' and let someone else sort out the mess when the debts get called in, in the future.

There are no money/economic deep dives into Trump's plans.

originally posted by: quintessentone

originally posted by: CriticalStinker
a reply to: Justoneman

Almost none of Trumps policy has lined up with Ron Paul.

Cutting taxes is a small part of Ron Paul’s vision.

Ron Paul wanted to End the Fed and the perpetual debt structure that causes inflation.

Trump only talks about cutting taxes, which is great if you reduce spending or change the mechanisms which create debt.

Exactly, so where is the money coming from to replace those axed taxes?

Spending CUTS!!!!! 😃 Every cut get chopped equally

originally posted by: xuenchen

originally posted by: quintessentone

originally posted by: CriticalStinker
a reply to: Justoneman

Almost none of Trumps policy has lined up with Ron Paul.

Cutting taxes is a small part of Ron Paul’s vision.

Ron Paul wanted to End the Fed and the perpetual debt structure that causes inflation.

Trump only talks about cutting taxes, which is great if you reduce spending or change the mechanisms which create debt.

Exactly, so where is the money coming from to replace those axed taxes?

Spending CUTS!!!!! 😃 Every cut get chopped equally

Spitting out coffee or whatever trophy. What does Trump know about reigning in spending?

originally posted by: matafuchs
a reply to: Boomer1947

Do not need a Civics lesson. I know how it works. How much has Biden sent Ukraine?

US Aid sent to Ukraine: $175 billion.

COVID-19 stimulus money Trump paid out: Minimum $900 billion (total package has cost the American people $5 trillion).

Trump spend so far for his desert wall (some of which 'blew over' in a storm this year, and can be cut through with hand tools in minutes): $40 billion.



Cost to US people of the government shutdown Trump used to get his wall funded: $11 billion.

Trump's direct payments to pharma companies for COVID vaccines: $18 billion.

Anyway, there's much more about Trump's "economic miracle" that wasn't: Trump’s Final Numbers

All I see is fishing for votes.

I don’t believe for one second Trump would follow through on this.

And I am a senior on SS.