I notice that the latest rounds of cuts and bonuses, only last a few years. That means that, in a few years, we will replay the drama of recent weeks, lest the “biggest tax increase ever, that will kill the economy” will be visited on Shiny-land.
Steve
$7600 for 65 and older. Is that the latest form of the Social Security deduction. Still capped at $75k for singles or $150k for married couple filing joint return?
It’s $6,000, up to $75K/$150k, before it starts phasing out, according to several articles. So, it the table above wrong? It could be the table is adding the “Bonus” $6K, to the existing $1600 deduction.
https://thehill.com/business/personal-finance/5381335-senate-social-security-tax-deduction/
Steve
Steve,
Most people in Congress know better, regardless of what their different intents and aspirations are. They know this is stupid.
The public needs to demand an end to doing things the stupid way.
All the mob hears is “I’ll give you money:”. People sell out their neighbors. People sell out themselves. All in the hope of pocketing an easy buck from the government.
Steve
Why am I getting an image of a snake eating its tail? I guess Trump and the GOP think the inevitable disaster from their BBB will fall on someone else’s shoulders. Stupid, short term thinking. Blow out the debt now let someone else attempt to pick up the pieces. We are being led by fools.
Of course. himself is 79. What does he care what happens 20 years from now?
Steve
It’s a win/win for them. Bugger the nation and get short/long term gains for the wealthy and corporate donors, which will be hard to reverse if the other party comes to power. If another party doesn’t come to power, well, then we’ve probably lost our republic and are in dangerous waters.
What other party? There is no economic agenda. Why run?
Running against the other guy is too lame to get any sort of majority. Trump does not even get 50% because of that.
