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Why does the President continue the lie 'No taxes on Social Security' among others?

Like all pathological liars Trump can not keep straight what lies he tells or when or to whom he tells them.
Trump lies to con his minions, and they fall for it.
Don't expect Trump to suddenly stop lying incessantly.
 
Helix said:
I believe it's because his mouth is producing sounds and his fingers are making words on the intertubes.
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Or maybe it's because we elected a Baghdad Bob.

"We defeated them yesterday. God willing, I will provide you with more information. I swear by God, I swear by God, those who are staying in Washington and London have thrown these mercenaries in a crematorium."
 
SS is already broke. WEP didn't help either. No tax will just add to the misery. It's in everyone's interest to keep SS solvent.
 
SavannahMann said:
His minions will believe him even as they see taxes taken out.
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Low information voters are not going to ferret out the facts. They are going to believe Trump no matter what. Fox News and NewsMax are not going to tell them the truth. Trump has no reason to stop lying.
 
I heard there was some technicality which prevented them from implementing the no no taxes in a reconciliation bill. So they've instituted a $6000 tax deduction for seniors in place of it. Unless you make over $75,000 adjusted gross income, in which case you get NOTHING!
 
Risky Thicket said:
Low information voters are not going to ferret out the facts. They are going to believe Trump no matter what. Fox News and NewsMax are not going to tell them the truth. Trump has no reason to stop lying.
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I agree, but there's nothing to like about this post.
 
forn said:
I heard there was some technicality which prevented them from implementing the no no taxes in a reconciliation bill. So they've instituted a $6000 tax deduction for seniors in place of it. Unless you make over $75,000 adjusted gross income, in which case you get NOTHING!
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But the orange MAGAt continues to say it...
 
You need to remember who we are dealing with. People who believe Trump. If they realize that Social Security is still being taxed, they'll blame someone. It won't be Trump, or Republicans. They'll believe that it's Social Security doing it illegally. They'll blame some Deep State Computer, or something. It won't be that they were lied to, it will be that someone is doing it illegally.

Just like taxes on Overtime. The MAGA types will scream at their Managers and HR or whoever. They won't believe that Trump lied. Even if they go to a Lawyer and the Lawyer says that taking of taxes is legal they'll scream that the Lawyer doesn't know what he's talking about.
 
mrjurrs said:
But the orange MAGAt continues to say it...
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Yeah, he shouldn't be saying it. But the tax credit essentially takes the place of the "no taxes" bit. In fact, the seniors who don't have to pay taxes on their social security will get this tax credit, so they will benefit too. That's a positive thing for them, but I would have preferred the original "no taxes on social security". This is a workaround, but it actually should help some of the poorer seniors more.
 
forn said:
Yeah, he shouldn't be saying it. But the tax credit essentially takes the place of the "no taxes" bit. In fact, the seniors who don't have to pay taxes on their social security will get this tax credit, so they will benefit too. That's a positive thing for them, but I would have preferred the original "no taxes on social security". This is a workaround, but it actually should help some of the poorer seniors more.
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I thought R's were freaked out about SS solvency? This does nothing but bring that possibility closer.
 
Because he lies about everything.

And many Christians cheer his lies.
 
mrjurrs said:
I thought R's were freaked out about SS solvency? This does nothing but bring that possibility closer.
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I don't think too many people are happy about the numbers in this. I'm not sure where the senior tax credit comes from. Does it come from the social security fund or the general fund?
 
forn said:
I don't think too many people are happy about the numbers in this. I'm not sure where the senior tax credit comes from. Does it come from the social security fund or the general fund?
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Anything that lowers tax revenue to the US impacts potential future SS payouts. This lowers general funds received.
 
mrjurrs said:
Our wanna be king President continues to claim there will be no taxes on SS. Surprise! That's not in the spending bill.
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It's because he has no shame, will not be called out by the right-wing media, and does not care if he gets caught blatantly lying anyway. There is no downside to him lying about the contents of the bill.
 
forn said:
I don't think too many people are happy about the numbers in this. I'm not sure where the senior tax credit comes from. Does it come from the social security fund or the general fund?
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General fund.
 
mrjurrs said:
General fund.
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I wouldn't be so quick. While technically the General Fund, it will also impact the SS Retirement Trust Fund.

If seniors are on the lower side of the income scale and the deduction reduces the amount of income tax paid to $0 then their is a loss of revenue to the SSA.

Income taxes on SS Retirement Benefits are routed back to the SSA to fund current benefits.

According to the White House the number of seniors paying no income tax will rise from 64% of 88%. A reduction of 14.2 Million tax payers and a drop in revenue to the SSA.

So to maintain current benefits, the SSA will have to take even more money from the Trust Fund.

WW

www.whitehouse.gov

No Tax on Social Security is a Reality in the One Big Beautiful Bill

Under the One Big Beautiful Bill, the vast majority of senior citizens — 88% of all seniors who receive Social Security — will pay NO TAX on their Social
www.whitehouse.gov www.whitehouse.gov


1752081026365.webp
 
Any expenditure from the general fund negatively impacts the future health of SS.
 
I think it comes from the General Fund.

Payroll taxes are calculated based of gross, pre deduction income. That gross income amount is not changed with the additional deduction.

The deduction will then lower the amount of income taxes collected.
 
Sooner or Later said:
I think it comes from the General Fund.

Payroll taxes are calculated based of gross, pre deduction income. That gross income amount is not changed with the additional deduction.

The deduction will then lower the amount of income taxes collected.
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Ignore this post. It does not address tax due to excess income.
 
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