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Donald Trump Wants to Change Tax on Social Security.

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audiophile
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Donald Trump Wants to Change Tax on Social Security.

Post by audiophile » Thu Aug 01, 2024 7:44 am

This idea has some merit, if we are talking about Social Security itself.
https://www.msn.com/en-us/money/retirem ... r-BB1qYC5M


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zzand
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Re: Donald Trump Wants to Change Tax on Social Security.

Post by zzand » Thu Aug 01, 2024 7:50 am

Biden and Harris want to change the SCOTUS and Trump wants this for Social Security. What do both plans have in common? They exist only to try and get votes. Congress will never allow either to happen.

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Re: Donald Trump Wants to Change Tax on Social Security.

Post by Rate This » Thu Aug 01, 2024 10:33 am

zzand wrote:
Thu Aug 01, 2024 7:50 am
Biden and Harris want to change the SCOTUS and Trump wants this for Social Security. What do both plans have in common? They exist only to try and get votes. Congress will never allow either to happen.
Not unless the filibuster is changed. You get a trifecta and then make it so stuff gets through the senate and things will change big time.
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Re: Donald Trump Wants to Change Tax on Social Security.

Post by MotorCityRadioFreak » Thu Aug 01, 2024 10:47 am

How can you tax something that won’t exist? Project 2025 will disband social security.
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Re: Donald Trump Wants to Change Tax on Social Security.

Post by Circle Seven » Thu Aug 01, 2024 10:03 pm

zzand wrote:
Thu Aug 01, 2024 7:50 am
Biden and Harris want to change the SCOTUS and Trump wants this for Social Security. What do both plans have in common? They exist only to try and get votes. Congress will never allow either to happen.
I agree with the article that it's just campaign talk.

What Trump should add is, in order to make up for the contributions lost because of the senior tax cut, he is going to eliminate the limit on the amount of earnings subject to taxation for a given year. A billionaire pays 62 million into Social Security.

Then if by chance he does get in, he introduces income cap elimination legislation, saying the senior tax cut is contingent on Congress passing that legislation.

Congress will never do it of course because they, their family and friends are all millionaires. So when the seniors don't get the tax cut he promised, Trump can blame it on Congress.

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