Anonymous #1 11w

(I wouldn’t know since I am not receiving social security ) but like did they actually send this to eeeeveryone???

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Anonymous #1 11w

I got it too

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Anonymous #4 11w

This is incorrect, it is for those making 75k or less (or less than 150k for couples) and is a flat $6000 per person deduction. So it raises taxes on SS for no one and lowers taxes for almost every senior making less than 75k. This is one of the few things in the bill that I actually do like and isn’t really screwing anyone over (except maybe the budget hawks since it costs revenue for the government)

5

Anonymous #5 11w

It expires in 2028, the billionaires cuts don’t though

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Anonymous #6 11w

Why’d he make their “cut” expire in 28 when his cut is going to be permanent?

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Anonymous #7 11w

Idk most tax credits aren't permanent

0

Anonymous #7 11w

Yes, but an expiring relief is still better than none at all. Saying there is one good item in the bill isn’t saying that the bill is good, when there are around 1000 pages in the bill it is inevitable not all of it is about killing puppies and since we can’t unpass the bill we may as well be glad about those few parts that aren’t.

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Anonymous #6 11w

Why is the one that benefits him and his buddies permanent but the one that actually benefits the people temporary?

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Anonymous #5 11w

I’m not going to be glad about getting a cookie from the bill that kills puppies do you fucking hear yourself?

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Anonymous #7 11w

Yes, I do hear myself. I don’t believe in an abandon all hope mentality, all it does is let the people who want to oppress you win.

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Anonymous OP 11w

Same I assumed it was fake 😭

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Anonymous #5 11w

Yall realize this just means social security is just gonna run out faster right??

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Anonymous #5 11w

ahhh then it got mixed up, but ya I do have to agree with 8 like might seem good on the surface, but I don’t think it’s been necessarily thought through enough to know the implications of such a high tax cut. the republicans couldn’t do anything else, so they’re throwing tax cuts at us to make us think theyre doing something good while actually putting us into 4 trillion more into debt which is uh… gonna have significantly worse impacts on us

2

Anonymous #8 11w

It would if the US just drew all its money from a single pool, but we don’t. The tax that we calculate on our 1040s (and the tax that deductibles like this one help lower) is our federal income tax. The federal income tax is separate to the social security tax, this is why if you don’t earn enough to pay income taxes you still pay social security tax.

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Anonymous #5 11w

This separate pool is also why OASI is expected to run dry, if Congress won’t raise the social sec tax (again, different from the federal income tax) or start using the general income tax to fund it, the demographic changes in the US with fewer young people will make the fund’s income too small for its payouts.

1

Anonymous #5 11w

To shorten it: the OASI is going to run out if Congress doesn’t do something and it is a major problem, but since for now at least they don’t use the federal income tax to fund it a deductible that lowers the amount seniors pay for that isn’t a part of that problem.

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Anonymous #1 11w

Yes it’s official it’s on their website too

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Anonymous OP 11w

I checked; yes, it is in the official SSA.gov press release

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Anonymous #5 11w

I’m aware. Pulling from other pools doesn’t mean much when those are also running out because we don’t tax the wealthy in this country

1