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Old Crank

(5,263 posts)

30. The cuts to SSAN benefits being taxed is just the start.

Reply to mahatmakanejeeves (Original post)

Mon Oct 21, 2024, 02:54 PM

Oct 2024

Another issue that got glossed over was not taxing tip income. Service workers pay into the system which includes their tip income. Not taxing tips will cut their benefits later in life. The plans for child leave by taking it off social secutiry payments later also cuts the amount to be paid for workers.

I read another issue about tips not being taxed having to do with people earning large bonuses. Those would likely become tips. So people at stock trading houses that get fat bonuses at year end would have those called tips and be untaxed.

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Trump proposals could drain Social Security in 6 years, budget group says [View all] mahatmakanejeeves Oct 2024 OP

I'm hypothesizing that MAGA is, nearly unanimously, comprised of those who believe........ jaxexpat Oct 2024 #1

Well said jayschool2013 Oct 2024 #9

A lot of the Felon's cultists are seniors receiving Social Security! MontanaMama Oct 2024 #28

Many boomers feel left out of the new age. That's on them. Life's mostly about "how you take it". jaxexpat Oct 2024 #31

And yet the MAGA crowd will adore this COL Mustard Oct 2024 #2

Comforting to know it's supposed to be insolvent just when BWdem4life Oct 2024 #3

It won't be flat broke.... AZ8theist Oct 2024 #4

I know, right? I become eligible for benefits in 2033 (if I took early) Moostache Oct 2024 #19

Take it eRly moonshinegnomie Oct 2024 #22

I agree, but you'd have to NOT spend it (i.e. save it), while you are working. Otherwise, people might get screwed. ... aggiesal Oct 2024 #27

I have not...but I thought I would have more than 6 years to decide too! (n/t) Moostache Oct 2024 #32

Read my response #23 n/t aggiesal Oct 2024 #24

Raise the eligibility age to 70 and multigraincracker Oct 2024 #5

or roofer, or firefighter, or any other high risk occupation spooky3 Oct 2024 #15

If the Republicans manage to ruin markodochartaigh Oct 2024 #6

The best way to save it is remove the income cap. multigraincracker Oct 2024 #8

Too fatty ArkansasDemocrat1 Oct 2024 #18

What a surprise North Coast Lawyer Oct 2024 #21

A shame that the MAGAts are more intent on ridding the world of brown people. Miles Archer Oct 2024 #7

It will just empty the trust fund Farmer-Rick Oct 2024 #10

Didn't read the article LittleGirl Oct 2024 #11

"continue to be taxed on the money you were taxed on 40 years ago." Bayard Oct 2024 #17

I agree! Millionaires don't need it! nt LittleGirl Oct 2024 #20

Morons who vote against their own economic self-interests. Tarzanrock Oct 2024 #12

My solution... Scalded Nun Oct 2024 #13

I recall a young man some 25 years ago or so calling your Item 1 a Prairie Gates Oct 2024 #37

Republicans have been trying to brake SS for years, republianmushroom Oct 2024 #14

Their doing a good job breaking the Post Office underpants Oct 2024 #26

Improving and protecting SocSec is simple Rocknation Oct 2024 #16

I wish people could understand what the Social Security Trust Fund is ... aggiesal Oct 2024 #23

People talk about 2035 as if it's still 2005. "In 6 years" is only 4 years fewer than Harris' policies mathematic Oct 2024 #25

There is no "will" because there is no NEED to do much of anything. valleyrogue Oct 2024 #36

So, a Trump "concept of a plan" that would actually work. dchill Oct 2024 #29

The cuts to SSAN benefits being taxed is just the start. Old Crank Oct 2024 #30

The Con would make sure every penny in SS coffers line his pockets onetexan Oct 2024 #33

No problem. Turbineguy Oct 2024 #34

It's all bullshit. SS can't "go broke." valleyrogue Oct 2024 #35

This times 1000. There is no social security trust fund Deminpenn Oct 2024 #38