General Discussion

gab13by13

(32,356 posts) Sun Mar 16, 2025, 07:48 AM Mar 2025

Do We Really Want To Remove Taxes On Social Security [View all]

Doing so benefits the rich, benefits the lawyer who decides to keep working part time after he/she retires.

Today, people making 25k - 32k joint pay no taxes on SS.
Today, people making 32k - 44k joint are taxed on 50% of SS
Today, people making over 44k are taxed on 85% of SS.

Removing taxes on Social Security will remove 50 billion dollars annually from the SS trust fund.

Not taxing SS benefits the rich.

17 replies

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Do We Really Want To Remove Taxes On Social Security [View all] gab13by13 Mar 2025 OP

I'm retired on SS while my wife is still working MichMan Mar 2025 #1

Not at all, I just posted numbers. gab13by13 Mar 2025 #3

Back of envelope estimate AnnaLee Mar 2025 #5

The only way to ensure the integrity of markodochartaigh Mar 2025 #2

The income caps were set in 1984 and Voltaire2 Mar 2025 #4

It wouldn't benefit only the rich SickOfTheOnePct Mar 2025 #6

I would love love love Tickle Mar 2025 #7

Not that they will do it, but over a certain income threshold, SS should not be paid. Warren Buffet does not need SS. dutch777 Mar 2025 #8

That is a terrible idea MichMan Mar 2025 #10

Not forgetting your SS taxes won't show up no_hypocrisy Mar 2025 #9

Do we really think this is Blue_Roses Mar 2025 #11

Right Cosmocat Mar 2025 #12

Yep Blue_Roses Mar 2025 #14

44K is NOT rich DenaliDemocrat Mar 2025 #13

You missed my point, gab13by13 Mar 2025 #15

Yeah no! DenaliDemocrat Mar 2025 #16

Same applies to SALT caps and deductions of mortgage interest MichMan Mar 2025 #17