(PatriotHQ) Tax-Cuts for Seniors but wait, the tax-addicts in Congress may not be willing to give up their tax addiction easily! …but there is more to this story, keep reading!
As a Member of the Tea Party, MAGA and Patriot I will take freedom and liberty anywhere I can get it these days! A conservative should be taking the led on this issue but of course they are no where to be found. (Wonder why)
Of all people Joe Lieberman said this week: "Big Boost" if taxes on Social Security benefits are cut.
Millions of people who get Social Security benefits pay taxes on money, money they earned decades ago and paid their taxes and not only that, but the Federal government has had use of their Social Security funds for years and then the Fed double-taxes the most valuable in society, the elderly! Outrageous!
Get this. Joe Lieberman, a former Democrat turned Independent Senator, said cutting taxes on Social Security income for retirees would be "a big boost for a lot of seniors."
"Why not pull the tax," Lieberman adding, "It's already been taxed, this is money people have already earned, paid taxes and paid into the Social Security system, it's a double-dip by the feds."
"A lot of people are surprised by the numbers, but for 40% of seniors in the U.S., Social Security is their only source of income, so it really matters," he said.
"When inflation is taken into account, it gets even harder. So, I guess the question is always how much does it cost and can we afford it? But it sounds like a good initiative."
He also said he respects House Republicans for bringing up the idea, especially after some Republicans suggested cutting Social Security and others, like Senate Minority Leader Mitch McConnell, R-Ky., House Speaker Kevin McCarthy, R-Calif., and "everyone else with power in the Republican Congress," said "No way."
Many are hoping the Republican-backed bill from the last Congress would get rid of taxes on Social Security income is likely to be brought up again, and everyone knows seniors need a break!
Before 1984, seniors' Social Security benefits weren't taxed by the federal government. But in year, a law changed the rules.
Can you believe this! Now, anyone with an income of up to $34,000 can have up to 50% of their benefits taxed.
HOW IS THIS FAIR! People who make more than $34,000 must pay taxes on up to 85% of their benefits. When a married couple's combined income is $44,000 or more, the government automatically taxes up to 85% of their Social Security benefits.
The law never adjusted these amounts for inflation, and now the average income of a senior is $47,620. This means more than half of the people who get Social Security benefits pay taxes on them. Disgraceful!!
Lieberman said some Democrats might worry about the lost tax money, but "they'll be good to seniors from a humanitarian point of view."
In conclusion. Taking taxes away from a tax addicted federal government is harder than taking crack away for Hunter Biden! With 87,000 new armed IRS audit agents on top of the existing IRS Audit Agents and trillions of dollars in debt what will be the chances of Congress exempting a class of suffering people from tax?
Let’s face it. Congress is nothing more than a drunk sailor on shore leave with a pocket full of his buddies money!
And……………it’s gone!
What is your opinion?
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