Anonymous
07/04/2025 11:58
Subject: Re:Big Beautiful Bill
Not true. SS benefits were never subject to FICA taxes that would go into the trust fund. They were only subject to Federal income tax, which never went into the trust fund.Anonymous wrote:Anonymous wrote:No. SS is pay as you go by law. Benefits will have to be reduced, unless the law is changed. BBB has no effect on this. Reality is the cap on SS taxes will have to be raised.Anonymous wrote:Anonymous wrote:Not true. Social security taxes and trust fund bond interest fund current SS benefits. When SS taxes exceed benefits, the excess goes to the Treasury, but the Treasury issues a bond to the SSA trust fund for the amount of the excess. So nothing to do with federal income tax.Anonymous wrote:Anonymous wrote:Social security is funded separately, BBB has no effect on SSI taxes that fund SSI. Stop trying to scare people, no one buys it.Anonymous wrote:Anonymous wrote:Please explain the changes to Social Security. I am not aware of any.Anonymous wrote:For people in their 40s/50s who think BBB is great... do you all not realize that we have paid a sh*^ ton into social security but we won't be getting our due now because of this bill?
The BBB doesn't really save that much in taxes for most of us; it does for the rich. But, what it does do is balloon the deficit and make social security insolvent even faster.
The Tax Policy Center, which provides nonpartisan analysis of tax and budget policy, projected the bill would result next year in a $150 tax break for the lowest quintile of Americans, a $1,750 tax cut for the middle quintile and a $10,950 tax cut for the top quintile. That's compared with what they would face if the 2017 tax cuts expired.
https://www.yahoo.com/news/house-gop-clears-key-hurdle-075405529.html
It this really worth ballooning our deficit and gutting social security for the future?
- signed a former R now Independent
The tax cuts of the rich mean that our government will go bankrupt much sooner than expected. So don't count on your Medicare or Social Security.
You know that social security and income taxes get combined and spent together, right?
Until the OASI Trust Fund is exhausted and requires a general fund infusion to pay full benefits. That’s less than 10 years away.
The deduction for wealthy seniors in this bill will make the trust fund run out a year earlier.
Anonymous
07/04/2025 11:56
Subject: Re:Big Beautiful Bill
Anonymous wrote:
Quit both-sidesing everything. Not one democrat voted for this crap bill.
And what's more, Democrats won't go back to their constituents and brag about the new law despite having voted against it the way Republicans did during the Obama and Biden administration's. Meanwhile, Republicans are afraid of their constituents and won't be holding any town halls. Sad!
Anonymous
07/04/2025 11:45
Subject: Big Beautiful Bill
More crap in the bill. Welp republicans passed it and now they’re finding out what’s in it.
Students defrauded by for profit schools won’t get debt relief. I bet they are more likely to be maga.
States encouraged to have worse SNAP errors to avoid picking up the tab.
A ridiculous “garden of heroes”
https://www.washingtonpost.com/opinions/2025/07/03/budget-bill-trump-congress/
Students defrauded by for profit schools won’t get debt relief. I bet they are more likely to be maga.
States encouraged to have worse SNAP errors to avoid picking up the tab.
A ridiculous “garden of heroes”
https://www.washingtonpost.com/opinions/2025/07/03/budget-bill-trump-congress/
Anonymous
07/04/2025 11:28
Subject: Re:Big Beautiful Bill
Anonymous wrote:No. SS is pay as you go by law. Benefits will have to be reduced, unless the law is changed. BBB has no effect on this. Reality is the cap on SS taxes will have to be raised.Anonymous wrote:Anonymous wrote:Not true. Social security taxes and trust fund bond interest fund current SS benefits. When SS taxes exceed benefits, the excess goes to the Treasury, but the Treasury issues a bond to the SSA trust fund for the amount of the excess. So nothing to do with federal income tax.Anonymous wrote:Anonymous wrote:Social security is funded separately, BBB has no effect on SSI taxes that fund SSI. Stop trying to scare people, no one buys it.Anonymous wrote:Anonymous wrote:Please explain the changes to Social Security. I am not aware of any.Anonymous wrote:For people in their 40s/50s who think BBB is great... do you all not realize that we have paid a sh*^ ton into social security but we won't be getting our due now because of this bill?
The BBB doesn't really save that much in taxes for most of us; it does for the rich. But, what it does do is balloon the deficit and make social security insolvent even faster.
The Tax Policy Center, which provides nonpartisan analysis of tax and budget policy, projected the bill would result next year in a $150 tax break for the lowest quintile of Americans, a $1,750 tax cut for the middle quintile and a $10,950 tax cut for the top quintile. That's compared with what they would face if the 2017 tax cuts expired.
https://www.yahoo.com/news/house-gop-clears-key-hurdle-075405529.html
It this really worth ballooning our deficit and gutting social security for the future?
- signed a former R now Independent
The tax cuts of the rich mean that our government will go bankrupt much sooner than expected. So don't count on your Medicare or Social Security.
You know that social security and income taxes get combined and spent together, right?
Until the OASI Trust Fund is exhausted and requires a general fund infusion to pay full benefits. That’s less than 10 years away.
The deduction for wealthy seniors in this bill will make the trust fund run out a year earlier.
Anonymous
07/04/2025 11:17
Subject: Re:Big Beautiful Bill
Quit both-sidesing everything. Not one democrat voted for this crap bill.
Anonymous
Anonymous
07/04/2025 10:25
Subject: Re:Big Beautiful Bill
Anonymous wrote:Congress will raise the cap on wages subject to SS taxes, currently limited to 176K. Everyone knows this is the solution, talked about forever. It will have zero effect on the total debt.Anonymous wrote:Anonymous wrote:Please explain the changes to Social Security. I am not aware of any.Anonymous wrote:For people in their 40s/50s who think BBB is great... do you all not realize that we have paid a sh*^ ton into social security but we won't be getting our due now because of this bill?
The BBB doesn't really save that much in taxes for most of us; it does for the rich. But, what it does do is balloon the deficit and make social security insolvent even faster.
The Tax Policy Center, which provides nonpartisan analysis of tax and budget policy, projected the bill would result next year in a $150 tax break for the lowest quintile of Americans, a $1,750 tax cut for the middle quintile and a $10,950 tax cut for the top quintile. That's compared with what they would face if the 2017 tax cuts expired.
https://www.yahoo.com/news/house-gop-clears-key-hurdle-075405529.html
It this really worth ballooning our deficit and gutting social security for the future?
- signed a former R now Independent
The tax deduction for wealthy seniors means less tax going into social security trust fund. It will be depleted a year earlier. Trustees just released report saying 2033. This change will make it run out by 2032.
Once it runs out, benefits are cut to level
Of revenues coming in. Congress will want to fix it but the level of debt this thing adds will make it even harder to fix the problem.
Anonymous
07/04/2025 10:12
Subject: Re:Big Beautiful Bill
Like all the rest of the bond interest is paid.Anonymous wrote:Anonymous wrote:Not true. Social security taxes and trust fund bond interest fund current SS benefits. When SS taxes exceed benefits, the excess goes to the Treasury, but the Treasury issues a bond to the SSA trust fund for the amount of the excess. So nothing to do with federal income tax.Anonymous wrote:Anonymous wrote:Social security is funded separately, BBB has no effect on SSI taxes that fund SSI. Stop trying to scare people, no one buys it.Anonymous wrote:Anonymous wrote:Please explain the changes to Social Security. I am not aware of any.Anonymous wrote:For people in their 40s/50s who think BBB is great... do you all not realize that we have paid a sh*^ ton into social security but we won't be getting our due now because of this bill?
The BBB doesn't really save that much in taxes for most of us; it does for the rich. But, what it does do is balloon the deficit and make social security insolvent even faster.
The Tax Policy Center, which provides nonpartisan analysis of tax and budget policy, projected the bill would result next year in a $150 tax break for the lowest quintile of Americans, a $1,750 tax cut for the middle quintile and a $10,950 tax cut for the top quintile. That's compared with what they would face if the 2017 tax cuts expired.
https://www.yahoo.com/news/house-gop-clears-key-hurdle-075405529.html
It this really worth ballooning our deficit and gutting social security for the future?
- signed a former R now Independent
The tax cuts of the rich mean that our government will go bankrupt much sooner than expected. So don't count on your Medicare or Social Security.
You know that social security and income taxes get combined and spent together, right?
And how do you think that bond gets paid back?
What would you have had them invest the excess tax collections in, other than treasury bonds ? Bush floated the stock market and you all hated that. There are only so many options to invest the excess collections.
Anonymous
Anonymous
07/04/2025 09:52
Subject: Re:Big Beautiful Bill
Your wrong, but that’s fine. Not going to bother arguing with you. SS holds treasury bonds, the safest investment available.Anonymous wrote:Anonymous wrote:Social security is funded separately, BBB has no effect on SSI taxes that fund SSI. Stop trying to scare people, no one buys it.Anonymous wrote:Anonymous wrote:Please explain the changes to Social Security. I am not aware of any.Anonymous wrote:For people in their 40s/50s who think BBB is great... do you all not realize that we have paid a sh*^ ton into social security but we won't be getting our due now because of this bill?
The BBB doesn't really save that much in taxes for most of us; it does for the rich. But, what it does do is balloon the deficit and make social security insolvent even faster.
The Tax Policy Center, which provides nonpartisan analysis of tax and budget policy, projected the bill would result next year in a $150 tax break for the lowest quintile of Americans, a $1,750 tax cut for the middle quintile and a $10,950 tax cut for the top quintile. That's compared with what they would face if the 2017 tax cuts expired.
https://www.yahoo.com/news/house-gop-clears-key-hurdle-075405529.html
It this really worth ballooning our deficit and gutting social security for the future?
- signed a former R now Independent
The tax cuts of the rich mean that our government will go bankrupt much sooner than expected. So don't count on your Medicare or Social Security.
DP. Nope, not since Ronald Wilson Reagan’s administration decided to borrow from the SS fund and never put the money back. The funding is no longer separate.
Anonymous
07/04/2025 09:46
Subject: Re:Big Beautiful Bill
No. SS is pay as you go by law. Benefits will have to be reduced, unless the law is changed. BBB has no effect on this. Reality is the cap on SS taxes will have to be raised.Anonymous wrote:Anonymous wrote:Not true. Social security taxes and trust fund bond interest fund current SS benefits. When SS taxes exceed benefits, the excess goes to the Treasury, but the Treasury issues a bond to the SSA trust fund for the amount of the excess. So nothing to do with federal income tax.Anonymous wrote:Anonymous wrote:Social security is funded separately, BBB has no effect on SSI taxes that fund SSI. Stop trying to scare people, no one buys it.Anonymous wrote:Anonymous wrote:Please explain the changes to Social Security. I am not aware of any.Anonymous wrote:For people in their 40s/50s who think BBB is great... do you all not realize that we have paid a sh*^ ton into social security but we won't be getting our due now because of this bill?
The BBB doesn't really save that much in taxes for most of us; it does for the rich. But, what it does do is balloon the deficit and make social security insolvent even faster.
The Tax Policy Center, which provides nonpartisan analysis of tax and budget policy, projected the bill would result next year in a $150 tax break for the lowest quintile of Americans, a $1,750 tax cut for the middle quintile and a $10,950 tax cut for the top quintile. That's compared with what they would face if the 2017 tax cuts expired.
https://www.yahoo.com/news/house-gop-clears-key-hurdle-075405529.html
It this really worth ballooning our deficit and gutting social security for the future?
- signed a former R now Independent
The tax cuts of the rich mean that our government will go bankrupt much sooner than expected. So don't count on your Medicare or Social Security.
You know that social security and income taxes get combined and spent together, right?
Until the OASI Trust Fund is exhausted and requires a general fund infusion to pay full benefits. That’s less than 10 years away.
Anonymous
07/04/2025 08:57
Subject: Re:Big Beautiful Bill
Anonymous wrote:Anonymous wrote:Social security is funded separately, BBB has no effect on SSI taxes that fund SSI. Stop trying to scare people, no one buys it.Anonymous wrote:Anonymous wrote:Please explain the changes to Social Security. I am not aware of any.Anonymous wrote:For people in their 40s/50s who think BBB is great... do you all not realize that we have paid a sh*^ ton into social security but we won't be getting our due now because of this bill?
The BBB doesn't really save that much in taxes for most of us; it does for the rich. But, what it does do is balloon the deficit and make social security insolvent even faster.
The Tax Policy Center, which provides nonpartisan analysis of tax and budget policy, projected the bill would result next year in a $150 tax break for the lowest quintile of Americans, a $1,750 tax cut for the middle quintile and a $10,950 tax cut for the top quintile. That's compared with what they would face if the 2017 tax cuts expired.
https://www.yahoo.com/news/house-gop-clears-key-hurdle-075405529.html
It this really worth ballooning our deficit and gutting social security for the future?
- signed a former R now Independent
The tax cuts of the rich mean that our government will go bankrupt much sooner than expected. So don't count on your Medicare or Social Security.
Yes it does. The trust fund will now run out a year earlier because of the new deduction for wealthy seniors.
How anyone can believe that MAGA doesn’t want more, more, more (cuts and your hard earned $$) and that this is not a very slippery slope is a fool.
Anonymous
07/04/2025 08:43
Subject: Re:Big Beautiful Bill
Anonymous wrote:Social security is funded separately, BBB has no effect on SSI taxes that fund SSI. Stop trying to scare people, no one buys it.Anonymous wrote:Anonymous wrote:Please explain the changes to Social Security. I am not aware of any.Anonymous wrote:For people in their 40s/50s who think BBB is great... do you all not realize that we have paid a sh*^ ton into social security but we won't be getting our due now because of this bill?
The BBB doesn't really save that much in taxes for most of us; it does for the rich. But, what it does do is balloon the deficit and make social security insolvent even faster.
The Tax Policy Center, which provides nonpartisan analysis of tax and budget policy, projected the bill would result next year in a $150 tax break for the lowest quintile of Americans, a $1,750 tax cut for the middle quintile and a $10,950 tax cut for the top quintile. That's compared with what they would face if the 2017 tax cuts expired.
https://www.yahoo.com/news/house-gop-clears-key-hurdle-075405529.html
It this really worth ballooning our deficit and gutting social security for the future?
- signed a former R now Independent
The tax cuts of the rich mean that our government will go bankrupt much sooner than expected. So don't count on your Medicare or Social Security.
Yes it does. The trust fund will now run out a year earlier because of the new deduction for wealthy seniors.
Anonymous
07/04/2025 08:41
Subject: Re:Big Beautiful Bill
Anonymous wrote:Anonymous wrote:Please explain the changes to Social Security. I am not aware of any.Anonymous wrote:For people in their 40s/50s who think BBB is great... do you all not realize that we have paid a sh*^ ton into social security but we won't be getting our due now because of this bill?
The BBB doesn't really save that much in taxes for most of us; it does for the rich. But, what it does do is balloon the deficit and make social security insolvent even faster.
The Tax Policy Center, which provides nonpartisan analysis of tax and budget policy, projected the bill would result next year in a $150 tax break for the lowest quintile of Americans, a $1,750 tax cut for the middle quintile and a $10,950 tax cut for the top quintile. That's compared with what they would face if the 2017 tax cuts expired.
https://www.yahoo.com/news/house-gop-clears-key-hurdle-075405529.html
It this really worth ballooning our deficit and gutting social security for the future?
- signed a former R now Independent
The tax deduction for wealthy seniors means less tax going into social security trust fund. It will be depleted a year earlier. Trustees just released report saying 2033. This change will make it run out by 2032.
Once it runs out, benefits are cut to level
Of revenues coming in. Congress will want to fix it but the level of debt this thing adds will make it even harder to fix the problem.