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karynnj

(61,065 posts)

29. He might want to consider relooking at the threshold where you start

Fri Sep 5, 2025, 11:40 PM

Sep 2025

paying taxes. I don't know if it has been indexed for inflation.

Consider there are people getting social security that also may have total income above $200,000, probably from investment income. Many have large required minimum distributions from 401Ks. It is very hard to argue that they should pay no taxes on social security.
This is especially true as those taxes help preserve the SS fund.

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Senator introduces bill to eliminate taxes on Social Security benefits [View all] BumRushDaShow Sep 2025 OP

Great, except . . . . no_hypocrisy Sep 2025 #1

they can only do so much when Repubs are in power and fucking things up-- but removing the earnings cap LymphocyteLover Sep 2025 #2

This message was self-deleted by its author Wiz Imp Sep 2025 #26

baby steps* Native Sep 2025 #5

Unless it's massive tax cuts for the uber wealthy and Corporations. That took no time at all. Bengus81 Sep 2025 #9

Or a Trump administration with a Republican House and Senate and right wing SCOTUS. KPN Sep 2025 #20

i'm talking about real change, not criming. Native Sep 2025 #23

Uhhh....I watched Elon and Big Balls do it within days. nt intrepidity Sep 2025 #28

Lifting the cap puts more money into the SS fund tinrobot Sep 2025 #7

Good point Raven123 Sep 2025 #10

He also proposed raising the FICO tax cap. Happy Hoosier Sep 2025 #14

Thank you Senator Gallego! FakeNoose Sep 2025 #3

The GOP are such 2 faced liars Farmer-Rick Sep 2025 #4

Fine, but it's a band-aid on the soon to crash dollar as world currency. nt Festivito Sep 2025 #6

Does it mean payroll taxes up to $250K of income? That part makes no sense. Bengus81 Sep 2025 #8

The cap allows people to stop FICA tax deductions when the ceiling is met JohnnyRingo Sep 2025 #13

You misunderstand the question... Happy Hoosier Sep 2025 #15

I usually try to include it in the OP comments if it is there at post time, but here a part of Gallego's press release BumRushDaShow Sep 2025 #21

Ah, I see. I like that plan. NT Happy Hoosier Sep 2025 #22

I get that it would raise the ceiling on FICA earnings, and that's great. JohnnyRingo Sep 2025 #24

Social Security was never meant... SickOfTheOnePct Sep 2025 #25

It's a pretty high bar before you have to pay taxes. JohnnyRingo Sep 2025 #34

$32,000 for a couple filing jointly... SickOfTheOnePct Sep 2025 #35

Then I see .... JohnnyRingo Sep 2025 #39

You're missing the point SickOfTheOnePct Sep 2025 #40

"if someone is living on Social Security they already pay no income taxes" BumRushDaShow Sep 2025 #33

Exactly! SickOfTheOnePct Sep 2025 #36

Cards on the table... JohnnyRingo Sep 2025 #37

Thankfully here on PA I don't have to pay state income tax on my retirement BumRushDaShow Sep 2025 #38

I have mixed feelings on this. JohnnyRingo Sep 2025 #11

Your "combined income" has to be pretty low to not be taxed at all. Happy Hoosier Sep 2025 #17

Yep. It's not that I don't pay taxes on my SS and tiny widow's fed employee pension. I have to file every year. Attilatheblond Sep 2025 #27

I'll probably be working part time till the day I drop Kaleva Sep 2025 #31

Raise it to the first $750,000 earned by higher earners. ProudMNDemocrat Sep 2025 #12

Why stop it at $750K? Happy Hoosier Sep 2025 #16

Read my post. My ideal dream would be to eliminate the Earned Income Cap all together. ProudMNDemocrat Sep 2025 #18

I like that he is pushing this bill out there and giving it a title that might stick. travelingthrulife Sep 2025 #19

He might want to consider relooking at the threshold where you start karynnj Sep 2025 #29

This won't help the poorer SS recipients one bit Kaleva Sep 2025 #30

How about eliminating FICA taxes on us seniors who still have to work? Kaleva Sep 2025 #32

I misread this as "Senator introduces bill to eliminate Social Security benefits" Polybius Sep 2025 #41