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I just got a note from social security - United Sates Retirement

They won't be collecting taxes on Social Security payments - not sure when it starts but boy howdy

it's shame the new bill will add 3 trillion to the debt over the next ten years for my grandchildren to pay but...

at least I can get some tax free money - yikes

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MoveAlong · 70-79, M

That's nice for now. But if you're also on medicare or have a Medicare Advantage plan there are more notes in your future. But they won't be from Social Security. They will be from the likes of your provider saying they can no longer accept you as a patient due to cuts in Medicare.

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Pretzel · 70-79, M

@MoveAlong not surprised they hid it. When it goes into effect the insurance companies, health care and retirement groups will have a field day and vote out the incumbents en masse

MoveAlong · 70-79, M

@Pretzel Uneducated and people from poorer families in rural America were instrumental in electing TACO. They are the ones who are going to be hurt most from these cuts. And they don't even know it.

Pretzel · 70-79, M

@MoveAlong gonna get ugly

MarkPaul · 26-30, M

That's not true though. Social Security taxes will be applied... BUT... depending on your age and income, you will get an extra $6000 you can deduct from your total taxes (that include taxes taken out for social security).

The new bill targets individuals with modified adjusted gross incomes below $75,000 and couples below $150,000.
While the White House is claiming the bill reduces Social Security taxes, it doesn't eliminate them. The Social Security message is at best misleading and if its intentional it's "fake news" because it isn't true.

LamontCranston · M

It is a better deal for current retirees.

Pretzel · 70-79, M

@LamontCranston I'm one of them and will appreciate the extra bucks

FrogManSometimesLooksBothWays · M

You'll be able to buy lots of pretzels!!

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TexChik · F

Stop listening to doom and gloom libs who wanted to raise your taxes 67% and let Trump do his thing.

jackjjackson · M

This thread is infested with the usual low information trolls @TexChik

Patriot96 · 56-60, C

Lefty math. 3-1= 5

sree251 · 41-45, M

What tax free money? Do people work after retirement?

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sree251 · 41-45, M

@LamontCranston

This in on $25000 a year? This does not compute.

I will compute it for you. Annual food cost $9,600 ($800x12 months). I own my house outright (no mortgage). Property tax $2000. Utilities $2000. I don't own a car. Did I leave out anything? If not, I have plenty left over to cover contingencies which are few and minor.

LamontCranston · M

@sree251 Do you buy clothes? soap, toiletries? booze, beer or wine? medicine? what about medicare? public transport? do you have any memberships of any kind? gym? subscriptions to left wing rags?
.the utilities number is incredible. what about repairs ? You've left a lot out and I do not believe you.

sree251 · 41-45, M

@LamontCranston Thank you for pointing to things I left out. I don't drink alcohol. No medicines. Dental visits twice a year $300. I do use Lyft about 4 times a month 4 x $ 20 x 12 = $ 240. Gym at the YWCA $180 ($15/month). Total additional $720. Plenty left over still.

Why are the utilities number incredible? How much do you pay for water and electricity?

whowasthatmaskedman · 70-79, M

The current administration does have rather a short term focus on everything. No respect for Newtons third law at all.😷

MoveAlong · 70-79, M

@whowasthatmaskedman I see what you did there.

whowasthatmaskedman · 70-79, M

@MoveAlong "Ye canna defy the laws of physics"😷

FrogManSometimesLooksBothWays · M

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