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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSSA sent me this spam- how true is it?
I received the following yesterday from the SSA (Social Security Administration). I've not heard of this crap before, so I'm left wondering just how true is all this BS?
The Social Security Administration (SSA) is celebrating the passage of the One Big, Beautiful Bill, a landmark piece of legislation that delivers long-awaited tax relief to millions of older Americans.
The bill ensures that nearly 90% of Social Security beneficiaries will no longer pay federal income taxes on their benefits, providing meaningful and immediate relief to seniors who have spent a lifetime contributing to our nation's economy.
This is a historic step forward for Americas seniors, said Social Security Commissioner Frank Bisignano. For nearly 90 years, Social Security has been a cornerstone of economic security for older Americans. By significantly reducing the tax burden on benefits, this legislation reaffirms President Trumps promise to protect Social Security and helps ensure that seniors can better enjoy the retirement theyve earned."
The new law includes a provision that eliminates federal income taxes on Social Security benefits for most beneficiaries, providing relief to individuals and couples. Additionally, it provides an enhanced deduction for taxpayers aged 65 and older, ensuring that retirees can keep more of what they have earned.
Social Security remains committed to providing timely, accurate information to the public and will continue working closely with federal partners to ensure beneficiaries understand how this legislation may affect them.
CousinIT
(12,751 posts)Social Security taxes are not eliminated. At least not totally and maybe not at all. If they are eliminated in whole or in part, THAT is itself a backdoor cut (of billions) to Social Security.
Additionally, it may constitute another backdoor cut to Social Security, as I believe that extra tax deduction is ultimately taken from Social Security. It's a backdoor cut being sold as a tax cut. It's not a tax cut. It's a cut to Social Security, it seems, however you parse it.
I could be wrong. Somebody will correct me if I am. I HOPE I'M WRONG.
I got that email too. And I'm BEYOND PISSED that it's full of LIES and that SSA is wasting MY MONEY sending out political propaganda to people!
cbabe
(6,817 posts)Silent Type
(12,412 posts)but the BBB will provide savings to many people who used to pay taxes averaging $50 or so a month.
RandomNumbers
(19,263 posts)Many who pay tax today, will continue to pay tax.
See also:
https://www.democraticunderground.com/?com=view_post&forum=1002&pid=20458251
Silent Type
(12,412 posts)It makes no sense to tell someone who will now pay a little less in taxes, that they don't get any benefit. They'll look at us like we are a liars.
Think it's a waste of time trying to use the SS, overtime, tips tax change as an example of trump's vileness, there is plenty of other crap in the Bill that is a better arguement for that.
RandomNumbers
(19,263 posts)But for a progressive, the FACT is that the people who need to benefit, WON'T. It is a giant scam.
Some people will benefit, sure. And the sad fact is that we need any votes we get from that demographic. But at the same time, it takes money OUT of the SS trust fund, thus hastening the time that a real reckoning for Social Security will be required - and since we cannot trust Congress to get it done, I expect MY benefits to be reduced when I most need them.
The SS thing, as written, is bad policy and WILL HURT PEOPLE. But - trying to explain it is too intricate. That is why it works for the repukes.
Discussing it here - where hopefully we are all willing to consider the intricacies - is different than using it in a campaign ad. IMO Dems should really not talk about this unless asked directly. If asked, they should be fair in describing both the costs and benefits for the audience to which they are speaking.
I am not speaking here about the other items you mention, they each have their own pros and cons. If I am right about the OT thing, it will be another thumb on the scale against proper staffing in support areas at my company. Oh well, what is a little more pain for me, after all? But more importantly, I haven't researched that yet, and my understanding could be mistaken.
SickOfTheOnePct
(8,710 posts)in income tax for some people it has no impact on the Social Security Trust Fund.
RandomNumbers
(19,263 posts)Emphasis added.
The One Big Beautiful Bill the name Republicans have given the 2025 legislative package would move up the Social Security trust funds exhaustion date by about one year, from 2033 to 2032, according to the Committee for a Responsible Federal Budget. That is the same year todays 60-year-olds will reach the programs full retirement age, and when todays youngest retirees will turn 69, the committee said.
Among those seniors who would qualify for the deduction, the savings would vary significantly based on their income and filing status. A couple over age 65 earning $100,000 could see their taxable income drop $12,000 with the deduction, while a single filer earning $40,000 might reduce their taxable income by only a few hundred dollars. And many seniors who are wealthy would probably qualify for the deduction because their annual earnings are in the low six figures.
...
Its essentially for middle- and upper-middle income people rich people dont get it, and it doesnt do any good for lower-income people because they already make less than the standard deduction, before the new senior bonus, said Howard Gleckman, senior fellow at the nonpartisan Tax Policy Center.
SickOfTheOnePct
(8,710 posts)I didnt know that
gulliver
(14,075 posts)We should have been talking real accounting like "The fund dry-up year was 2033, now it's 2032. Thanks, Republicans!"
I heard a lot of pandering to sweetie-pie stuff and class resentment and tired scare words and hearkening back to FDR. No numbers. No fire. We better as hell get our act together before this next election. This bill should give us back Congress with a healthy majority.
haele
(15,597 posts)Vague advertising language.
The real message should be "You might be one of the lucky duckies that are 90% of the Social Security beneficiaries we feel we are legally committed to - which are the current elderly workers without any other pensions whose employers paid into the system, and their spouses - that's to say, Grandpa and Grandma."
For everyone else that's not getting Social Security retirement...well, trust them. That's the next be calm, we aren't really picking your pockets and leaving you working saps to starve in the streets email to people not yet collecting SSI - "In the future, we have plans to maximise the money you and your employer already put in".
Also, the email only discussed the elderly. What about the disabled recipients and dependent survivors? And what about Medicare?
Dan
(5,293 posts)Just recognized that TRUMP likes to be praised, so that is that agencys attempt to kiss his ass.
MineralMan
(151,557 posts)The reality is that Social Security recipients will keep getting their benefits. That's a good thing. But I don't trust any promises from Trump, and that email is just blowing Trump's horn.
Ilsa
(64,574 posts)the checks.
Klarkashton
(5,421 posts)SS you weren't paying tax on it anyway. I don't know what they have done but I'll bet it isn't much and it probably comes as a tax detuction that nobody qualifies for or is of any value.
MichMan
(17,393 posts)Sounds like we would certainly qualify
TheBlackAdder
(29,981 posts)roamer65
(37,974 posts)Looks like phishing crap to me.
PoindexterOglethorpe
(28,493 posts)sends emails like this. They use the US mail.
Hugin
(38,000 posts)I got one too. Even though I personally will never benefit from the Republican's BOHICA Bill of Shame.
LetMyPeopleVote
(182,065 posts)Vinca
(54,333 posts)
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