Hey everyone! 😊 If you're enjoying the content, don't forget to hit that subscribe button! It really helps the channel grow and keeps you updated with all the latest videos. Plus, drop a comment below-I’d love to hear your thoughts and chat with you all! Thanks for the support!
Totally fair-there’s a lot of talk, but actual changes can take a long time. As the video points out, while there’s interest in cutting Social Security taxes, passing any changes is far from guaranteed. Keeping an eye on updates is smart, but waiting for real action makes sense!
Exactly-it’s frustrating to see the government find funds for various projects or foreign aid, yet struggle to ensure enough support for seniors who contributed all their lives.
Nobody has “taken our money.” Explain what your statement means and cite a credible source. The viscous nonsense about stealing from Social Security is nothing but misinformation.
Why should we pay taxes on social security when it’s our money we already paid taxes on already it doesn’t make any sense it’s a double tax now that’s crazy RIGHT
In 1981 then U.S. Senator Joe Biden was the man behind this unfair double taxation. Also, S.S. was stolen from in 1949, 1965, 1974, 1979 ( 2 times) & 2015. 1974was the only Republican President involved. Not one penny has ever been paid back.
@@bonnyfriend7112people on SSI are disabled and can't draw enough SSI that they would have to pay taxes on. They are people who are in poverty and if they have income it reduces the amount of SSI they receive.
It pisses me off knowing the feds have raided SS reserves multiple times causing such damaging shortfalls. There would be a trillion dollars in the reserves if Uncle Sam would have left it alone. This is disgusting and sickening!
Helping foreign countries keeps dictators from taking over their land and resources. Taking resources gives them more power on the world stage. We send aid in order to keep the world free. Learn some history, ffs.
They give money overseas all the time, then don't let us keep our money. Where is the taxed part of it going too? They don't care about the elderly people. I got laid off at 60 now Im 62 still searching. I can't afford to retire I need a miracle if I did. So if the give us enough to pay rent eat and sleep it would be good. Some elderly live on less then a thousand per month.
I hear you-it’s incredibly tough when you’ve worked hard, only to face these struggles later in life. It’s frustrating to see aid going abroad while seniors here are barely getting by. Many older adults, especially those on limited Social Security, live with less than $1,000 a month, which barely covers basic needs like rent, food, and healthcare. Job loss at 60 can be devastating, especially when retirement isn’t an affordable option. You’re not alone in feeling like more focus should be on supporting seniors and making sure they can live with dignity and security. Here’s hoping for changes that provide the support and stability you-and so many others-deserve.
IF YOU HAVE WORKED MOST OF YOUR LIFE YOU SHOULD BE ELIGIBLE FOR SS . WE HAVE ALREADY PAID TAXES AS LONG AS YOU HAVE WORKED ON THE BOOKS . NOWADAYS IT SEEMS THAT YOU HAVE TO WORK UNTIL YOU DIE . A LOT OF PEOPLE DON'T LIVE LONG ENOUGH TO RETIRE . WHERE DOES THAT MONEY GO ? WE ARE SO SCREWED PERIOD !!!!!!!
Absolutely-seniors with low Social Security checks often struggle, especially with today’s high inflation. Living on limited benefits can mean tough choices between essentials like food, healthcare, and housing. With rising costs, many seniors are finding it increasingly difficult to meet basic needs, and those on fixed incomes are hit particularly hard by inflation’s impact on everyday expenses.
We paid into it most our lives. We're taxed then, why should we be taxed again drawing it. Maybe the government should stay out of it. That's misappropriation of tax payers funds.
You’re raising a great point! Social Security was designed as a benefit people earn through a lifetime of contributions, so it feels like double-dipping when taxes are applied during retirement. Many argue that the government should keep its hands off these benefits, letting retirees fully enjoy what they’ve worked hard for without extra deductions. The idea of taxing Social Security benefits does feel like a misstep, especially when people see it as money they already “pre-paid.” Many would agree: once you’ve paid in, you should be able to draw on it without further cuts.
It’s true-Social Security increases often fall short of covering the rising costs seniors face, including property taxes. Many seniors rely heavily on Social Security, but modest cost-of-living adjustments rarely keep up with these escalating expenses. This leaves many older adults struggling, especially with essentials like housing. A more meaningful raise in benefits could provide much-needed relief for seniors who have contributed to the system their entire lives.
It’s truly difficult, and many people on SSI feel the same way. Trying to cover essentials on a limited monthly amount can be overwhelming, especially with rising costs. The system should ideally provide enough to ensure that everyone can live with dignity and meet basic needs. You're not alone in feeling this way, and many are advocating for increased support for SSI beneficiaries. Hang in there-you deserve better support.
Then for no reason they changed my food stamps from 240 a month down to 23 dollars a month omg I called thinking it was a mistake the lady said no it's not a mistake and that I should be happy I get anything omg she basically slapped me in the face I am 68 barely making it and supposed to be thankful for 23 dollars LMAO . Yes I went off on her I told her stick that 23 dollars where the sun don't shine then said I am going to become an illegal to get rich off this administration
We need an increase I don't pay taxes on social security. Its impossible to live on a check Help the seniors. No taxes in Las Vegas and a lot of states😢
Totally understand the struggle-it’s tough to get by on Social Security alone. While Trump’s plan to cut taxes on benefits could help some people, it mostly benefits higher earners. No cuts to Social Security are planned, but there’s a push for changes that could help those on lower incomes too.
End the FED, go to a gold backed standard, cut government by %80, gut the IRS, straight flat tax on new purchased items only, stop funding other countries, raise tarifs on foreign made products and bring manufacturing back to the USA. This will make our country wealthy again.
When people have worked their whole life, paying into Social Security and are now getting close to retirement age and those already drawing, pass away, where is that money put? No one ever mentions that money. I wonder if it is still in the Social Security Fund or if they are using that money somewhere else?
They are investing with our ss money they are making billions of dollars with our money while seniors are suffering and given as little as possible another word is theft. Absolutely sickening
40% of the people on Social Security do not exceed the 25,000 dollar a year threshold to require paying any tax on Social Security. The rest are on a graduated scale that addresses the amount of income they have from pensions and from working. So for more than half of the people on Social Security, not paying tax is a moot point. We don’t make enough to be concerned with taxes as well are living in poverty.
don't worry as They will just raise the age of retirement by a couple of years, and Increase the payments into the system by 3%, and It will be solid for forty more yeras...got that from a friend who is in the top of SS..
Paying taxes on SS that I paid for with 34+ years of working is nothing but double payments. Pay taxes on taxes that we already paid. Yes absolutely no taxes on tax I paid.
64 ready to retire, wife is retiring now. This is simple! Lock it out, make everything transparent so we the people can see who is trying to manipulate SSI. Lock it out invest it, it will grow and be self supported. The issue is and always has been the government using it as a slush fund. We the people need to forge alliances and demand protection for our SSI.
Everybody I'm associated with this on Social Security and none of them have to fill out a tax form nobody pays it unless they make a ridiculous amount and that's not happening
I don't make a whole lot of money on Social Security but you don't hear me bitching about it we're lucky to live in a country where we have such a thing
Now is not the time to ‘wonder ‘ what is going to happen. The plan is to cut benefits. Anyone who was paying attention would know that. What should be done now is to remove the cap on contributions.
I am 70 years old and work full time, Between the wife and I we easily hit the 44,000. We still work and are still paying into the SS system, we pay taxes on 85% of our SS. It would help us to a point that we might be able to quit working some day. Pass it Please
It sounds like you and your wife would benefit directly from ending taxes on Social Security benefits, especially given that you’re still working and contributing to the system. As the video notes, Trump’s proposal to eliminate these taxes would help people in situations like yours, especially those earning over the threshold where benefits are taxed. While the proposal isn’t law yet, there’s growing support for changes that could relieve the tax burden on working seniors.
I am concerned that if they cut everything out; social security trust funds are going to go away and leave many of us without an income at all. They need to think this out very well. All the illegal people will leave, so they are looking at forcing older people back to work. I wish I could work like when I was young; but cannot.
Your concern is completely valid. If cuts are made without a well-thought-out plan, it could jeopardize Social Security for those who truly depend on it. For many, going back to work isn’t an option, so they’d be left without a safety net. It’s crucial that any reforms protect the program’s stability without unfairly impacting those who’ve worked their whole lives for these benefits. Hopefully, they’ll consider the real-life impact on seniors before making drastic changes.
I’m on SSD and have been getting 1,000 a month to live on I’ve had it hard and now gas and electricity is up and I’m behind 2,000 I don’t know how they even let me get the bill that high.
Well we have a defense budget it takes up 50% of the nation's budget overall... We can start there by trimming part of that and putting that money into social security... This country spends more on defense than the next 15 or 20 countries combined
We seniors should receive more money and when we receive a raise don't hike up health care it's like you received no raise..also quit changing plans for health care as senior citizens we don't like change every few years.
Funding Social Security may have another source of revenue that could secure Social Security for decades. Let's not forget the Department of Government Efficiency. What is wasteful expenditures can be reallocated to other departments that truly deserve it, Social Security, for example, even Senior Medicare. However, before that can be considered, there must be a crack down on fraud in said departments.
Remove the ceiling for social security payments so wealthier wage earners still pay into it instead of stopping when they earn I think about $120.000. This would help immensely.
I hear you-cutting taxes would be great, but Social Security needs stable funding to support those relying on it. It’s a balancing act between keeping taxes manageable and ensuring the program stays viable. Here’s hoping for a practical solution that works for everyone!
But some people have already stopped having taxes taken out out SS. And. further more some people who have retired over 65 dont receive SS compensation. But receive Medicare not medicaid. (State issue). Ok the tax affects higher income bracket (affordable). Bcus SS is good,but it is always behind the 8 ball, until the table shakes. Some people who have retired are under The Penalized Payment Fees for the rest of their lives (thats right) unbelievable and have to quarterly pay Medicare and Llep fees. Social Security has probably been running so inefficient.
The problem is that when the 85% tax rule was passed back during President Ronald Reagan’s administration, it was never indexed for inflation. What is not a lot of money these days was quite a bunch more in terms of income around 1981. All that needs doing is amend that law making the inflation index retroactive to 1981. I’m doing this from memory so I might be off a year or two when the legislation passed. I think it was passed the same year Congress raised the Social Security full retirement age from 65 to 67. I will be surprised if they don’t do that again too.
It’s surprising, but under Social Security rules, a combined income of $44,000 for a married couple can result in up to 85% of their Social Security benefits being taxed. Many feel that this threshold doesn’t align with today’s cost of living, as $44,000 is far from “high income” for most families. It’s a point of frustration for many retirees facing unexpected taxes on their benefits.
For the love of God TAKE THE TAX CAP OFF! PS doing that affects only 5% wage earners the ones that are very well off I would not feel the pain of additional tax
The Federal Budget for FY 2022 was $6.75 Trillion. The 600 pound guerilla in the room is about $1 Trillion just servicing the interest on the debt ($35 Trillion). Bigger line item than Defense. If Trump spends like a drunken sailor, this number will increase, compounded by the interest rate on the debt.
We won’t know for sure if Trump will make any increases to Social Security benefits unless he becomes president again. Right now, any proposed changes are part of his campaign platform, but they would require Congressional approval to become reality.
@@jodyjohnson265 Trump could give us a good social security raise but then Congress would most likely Veto it so it like we're damned if he does and we're damned if he doesn't
You're correct; as of 2024, nine states tax Social Security benefits: Colorado, Connecticut, Kansas, Minnesota, Montana, New Mexico, Rhode Island, Utah, and Vermont. Each state has its own rules and income thresholds for taxation.
I am definitely worried about the long-haul and what affect this will have for the people that are coming up on that retirement age and getting ready to collect Social Security. Trump is very delusional thinking that this is a great effect for the American economy.
Your concern is completely valid. Many Americans approaching retirement are understandably anxious about the future of Social Security and whether it will fully support them when they need it. Some proposed changes, like reducing benefits or altering funding, could create financial uncertainty for new retirees. While certain policies may be promoted as beneficial to the economy, the real impact on everyday people, especially those near retirement, is often overlooked. Safeguarding Social Security for future generations requires realistic, sustainable solutions that prioritize the financial security of all retirees, not just immediate economic gains.
Yes, time will tell! 😁 Let’s hope for positive changes that truly support seniors and make life a bit easier. Fingers crossed that the decisions ahead will reflect the real needs of those relying on Social Security!
My SSI is $190 and I deserve 2500 a month to be able to survive and make it in this country in this world. Everything inflation it went up through the roof gas tags on my car $150 you do the math what is leftnot surviving just existing ready to buy a tent and join them in LA. This is insane. I need money now or I’m done with thank you very much President Trump you working hard and your best. I pray to God that it will be in the bank this month.
I’m so sorry to hear that-it’s incredibly hard to get by when SSI benefits barely cover the essentials. With taxes and deductions reducing the amount you take home, it can feel nearly impossible to make ends meet. Many on SSI face similar struggles, trying to stretch every dollar just to cover basic needs. It’s frustrating when the support meant to help doesn’t go far enough, especially with rising costs. You deserve a better safety net that truly supports your daily living.
We have no problem finding money to send to Ukraine! Stop taxing our social security that we’ve already paid tax on and instead of sending money to Ukraine transfer that money into the social security trust fund! Easy peasy!
There's only about 30% of the people drawing Social Security that pay tax on it. So why don't we just forget that part and move on to the longevity of the program and fix it.
Ensuring the long-term health of Social Security is crucial for the millions who depend on it. The program faces challenges as the population ages, with fewer workers paying into the system relative to beneficiaries. Options for strengthening it include raising the payroll tax cap so higher earners contribute more, adjusting benefit formulas to focus on those with the greatest need, or gradually increasing the retirement age to reflect longer life expectancies. Each approach has pros and cons, but a combination could create a balanced solution that protects future benefits. Sustaining Social Security requires thoughtful changes now to secure the program for generations to come.
The guy never took a paycheck from you or me for the four years he was POTUS. None of your Demorat guys have ever done that. They have all got richer and richer. Look at Clinton and Obama, rich as thieves. Carter was the only honest one of the bunch in my lifetime, maybe Truman too.
First of all forcing people to live off 10,000 a fucken year is not a normal minded person. Careless, lazy, disrespectful, cruel, and abusive. The only thing there is to do is smoke and cigarettes are hard to afford. I always thought it was the governments job to take care of our country otherwise WTF do we need them for
It’s absolutely understandable to feel this way-trying to live on such a limited income is extremely tough, and it can feel like those who set these policies are out of touch with the realities people face. When essentials like housing, food, and even small comforts are hard to afford, it’s frustrating and dehumanizing. Many believe that one of the government’s core responsibilities is to ensure its citizens can live with dignity and security, especially after years of hard work and contributions. You’re not alone in wanting more empathy and effective action from leaders. Everyone deserves a fair chance to live without constantly struggling to get by.
Yes, Republicans gained control of both the Senate and the House, positioning them to push forward their policy goals with fewer obstacles. This majority allows for more streamlined legislative action, though any significant changes, particularly to key programs like Social Security, will still go through an extensive process of debate and review. While having control makes passing legislation easier, critical programs often receive close examination to consider their broad impact on the public.
Totally agree! A means test could help keep Social Security sustainable by directing funds to those who really need it. It could be one way to extend the program’s longevity.
They paid into it, too! It's their money! Stop looking at what everyone else has. What you want is socialism. Redistribution of wealth. Instead of looking at what others have, maybe you should try to improve what you have.
A lot of the comments here are really stupid somebody said when people pass away and are no longer drawing Social Security where does that money go well for every person that passes away there's probably two or three more applying for Social Security use your head people
I get 19,000 dollars maybe a little over a year and that's not much but it's better than nothing like some of these other countries have if you're so unhappy here maybe go to another country and try to live
Social Security didn't have any problem until you guys started borrowing money out of it that you didn't pay back what is that you guys can decide whatever fun you want to take it out of and then not replace it that's what you've done to Social Security sorry Social Security was all set until they started borrowing money from it then it went to crap😅
Hey everyone! 😊 If you're enjoying the content, don't forget to hit that subscribe button! It really helps the channel grow and keeps you updated with all the latest videos. Plus, drop a comment below-I’d love to hear your thoughts and chat with you all! Thanks for the support!
Amen
Congress needs to get off their backsides and figure out how to raise money to support SS.
Stop funding Ukraine and put money back into social security that democrats took out.
Each senoir on social security. Should get at least. 2500 a month seniors agree amen
@@EdDincan I don’t believe that at all. Time will tell
What’s a senior? I’m 61. Do I qualify?
Amen
it is a retirement program , not a gambling or lotto game...OMG
@jackjohnsen8506 , our retirement, if we stop giving money to illegals seniors could draw enough to live.
I will believe it when I see it
Totally fair-there’s a lot of talk, but actual changes can take a long time. As the video points out, while there’s interest in cutting Social Security taxes, passing any changes is far from guaranteed. Keeping an eye on updates is smart, but waiting for real action makes sense!
REALLY have YOU LOOKED AT BON YOUR CHECK IT WENT FROM
165 TO 176 LOOK BEFORE YOU REALLY KNOW WHAT YOU ARE TALKING ABOUT
They can transfer the money from somewhere else, just like they did when they took OUR money!
Exactly-it’s frustrating to see the government find funds for various projects or foreign aid, yet struggle to ensure enough support for seniors who contributed all their lives.
Nobody has “taken our money.” Explain what your statement means and cite a credible source. The viscous nonsense about stealing from Social Security is nothing but misinformation.
Yeah, like all the money and benefits they are paying to illegal aliens now? I wrote my Senator that question but never got an answer.
From illegal
Why should we pay taxes on social security when it’s our money we already paid taxes on already it doesn’t make any sense it’s a double tax now that’s crazy RIGHT
In 1981 then U.S. Senator Joe Biden was the man behind this unfair double taxation. Also, S.S. was stolen from in 1949, 1965, 1974, 1979 ( 2 times) & 2015. 1974was the only Republican President involved. Not one penny has ever been paid back.
You're absolutely right; it feels like a double tax, and many people share this frustration.
@@SupportGuideChannel Trump is taking taxes off SSI
I think Reagan began taxing Social Security
@@bonnyfriend7112people on SSI are disabled and can't draw enough SSI that they would have to pay taxes on. They are people who are in poverty and if they have income it reduces the amount of SSI they receive.
It pisses me off knowing the feds have raided SS reserves multiple times causing such damaging shortfalls. There would be a trillion dollars in the reserves if Uncle Sam would have left it alone. This is disgusting and sickening!
At last count the Federal Govt has borrowed $2.7 trillion from the Social Security Fund.
never happened, they borrowed money and paid it back with interest.😁
@@paulg9766 They should have invested it in the S&P500. We'd have 27 Trillion by now. They should NEVER be borrowing from SS.
Take the misappropriated funds given to foreign countries and help the American citizens.
Helping foreign countries keeps dictators from taking over their land and resources. Taking resources gives them more power on the world stage. We send aid in order to keep the world free. Learn some history, ffs.
Let;s make up the 4% and more by having senators and representatives pay into the system.
They give money overseas all the time, then don't let us keep our money. Where is the taxed part of it going too? They don't care about the elderly people. I got laid off at 60 now Im 62 still searching. I can't afford to retire I need a miracle if I did. So if the give us enough to pay rent eat and sleep it would be good. Some elderly live on less then a thousand per month.
I hear you-it’s incredibly tough when you’ve worked hard, only to face these struggles later in life. It’s frustrating to see aid going abroad while seniors here are barely getting by. Many older adults, especially those on limited Social Security, live with less than $1,000 a month, which barely covers basic needs like rent, food, and healthcare. Job loss at 60 can be devastating, especially when retirement isn’t an affordable option. You’re not alone in feeling like more focus should be on supporting seniors and making sure they can live with dignity and security. Here’s hoping for changes that provide the support and stability you-and so many others-deserve.
IF YOU HAVE WORKED MOST OF YOUR LIFE YOU SHOULD BE ELIGIBLE FOR SS . WE HAVE ALREADY PAID TAXES AS LONG AS YOU HAVE WORKED ON THE BOOKS . NOWADAYS IT SEEMS THAT YOU HAVE TO WORK UNTIL YOU DIE . A LOT OF PEOPLE DON'T LIVE LONG ENOUGH TO RETIRE . WHERE DOES THAT MONEY GO ? WE ARE SO SCREWED PERIOD !!!!!!!
My hubby is 70, with house taxes going up, our house payment is high enough he still has to work….hope this is worked out to reduce taxes..😊
The seniors that get low ss checks, live below the poverty level. Very hard to luve with the super inflation.
Absolutely-seniors with low Social Security checks often struggle, especially with today’s high inflation. Living on limited benefits can mean tough choices between essentials like food, healthcare, and housing. With rising costs, many seniors are finding it increasingly difficult to meet basic needs, and those on fixed incomes are hit particularly hard by inflation’s impact on everyday expenses.
We paid into it most our lives. We're taxed then, why should we be taxed again drawing it. Maybe the government should stay out of it. That's misappropriation of tax payers funds.
You’re raising a great point! Social Security was designed as a benefit people earn through a lifetime of contributions, so it feels like double-dipping when taxes are applied during retirement. Many argue that the government should keep its hands off these benefits, letting retirees fully enjoy what they’ve worked hard for without extra deductions. The idea of taxing Social Security benefits does feel like a misstep, especially when people see it as money they already “pre-paid.” Many would agree: once you’ve paid in, you should be able to draw on it without further cuts.
The government gave you social security😂
There's never enough raise in social security the seniors aways suffer paying property tax
It’s true-Social Security increases often fall short of covering the rising costs seniors face, including property taxes. Many seniors rely heavily on Social Security, but modest cost-of-living adjustments rarely keep up with these escalating expenses. This leaves many older adults struggling, especially with essentials like housing. A more meaningful raise in benefits could provide much-needed relief for seniors who have contributed to the system their entire lives.
Should always be 10%
Makes me soo mad, always getting cheated ...2024 was a huge inflation year ...yes all 12 months...and their insulting the idea of a 2.5% raise
i dont pay any tax
It's very hard when you only get a little bit of money on SSI not very much to Live on 😢💔💯%
It’s truly difficult, and many people on SSI feel the same way. Trying to cover essentials on a limited monthly amount can be overwhelming, especially with rising costs. The system should ideally provide enough to ensure that everyone can live with dignity and meet basic needs. You're not alone in feeling this way, and many are advocating for increased support for SSI beneficiaries. Hang in there-you deserve better support.
Then for no reason they changed my food stamps from 240 a month down to 23 dollars a month omg I called thinking it was a mistake the lady said no it's not a mistake and that I should be happy I get anything omg she basically slapped me in the face I am 68 barely making it and supposed to be thankful for 23 dollars LMAO . Yes I went off on her I told her stick that 23 dollars where the sun don't shine then said I am going to become an illegal to get rich off this administration
Great news good for social security recipients
We need an increase I don't pay taxes on social security. Its impossible to live on a check Help the seniors. No taxes in Las Vegas and a lot of states😢
Totally understand the struggle-it’s tough to get by on Social Security alone. While Trump’s plan to cut taxes on benefits could help some people, it mostly benefits higher earners. No cuts to Social Security are planned, but there’s a push for changes that could help those on lower incomes too.
End the FED, go to a gold backed standard, cut government by %80, gut the IRS, straight flat tax on new purchased items only, stop funding other countries, raise tarifs on foreign made products and bring manufacturing back to the USA. This will make our country wealthy again.
When people have worked their whole life, paying into Social Security and are now getting close to retirement age and those already drawing, pass away, where is that money put? No one ever mentions that money. I wonder if it is still in the Social Security Fund or if they are using that money somewhere else?
They are investing with our ss money they are making billions of dollars with our money while seniors are suffering and given as little as possible another word is theft. Absolutely sickening
Those who pass away before 62 never get a dime. It's not a savings account.
40% of the people on Social Security do not exceed the 25,000 dollar a year threshold to require paying any tax on Social Security. The rest are on a graduated scale that addresses the amount of income they have from pensions and from working. So for more than half of the people on Social Security, not paying tax is a moot point. We don’t make enough to be concerned with taxes as well are living in poverty.
I am very concerned about the long term solvency of Social Security.
don't worry as They will just raise the age of retirement by a couple of years, and Increase the payments into the system by 3%, and It will be solid for forty more yeras...got that from a friend who is in the top of SS..
@@jannmier3487 why? By long term most seniors won’t b here anymore; don’t need it on other side!
I agree with that 2500 month and they need to get back to dual survivor benefits tgat none of it stops. Amen❤
Paying taxes on SS that I paid for with 34+ years of working is nothing but double payments. Pay taxes on taxes that we already paid. Yes
absolutely no taxes on tax I paid.
I’m sorry but $44,000 per couple is not high income.
That’s only 22,000 a year for each, we’re under that per person now..
I will accept 50%% for now.
Appreciate your realistic approach! It’s wise to wait until there’s more certainty on these changes. Let's see how things unfold!
Fool
64 ready to retire, wife is retiring now. This is simple! Lock it out, make everything transparent so we the people can see who is trying to manipulate SSI. Lock it out invest it, it will grow and be self supported.
The issue is and always has been the government using it as a slush fund.
We the people need to forge alliances and demand protection for our SSI.
Everybody I'm associated with this on Social Security and none of them have to fill out a tax form nobody pays it unless they make a ridiculous amount and that's not happening
@@ghostladydarkling3250It was 11 states last year, so it's moving in the right direction.
I don't make a whole lot of money on Social Security but you don't hear me bitching about it we're lucky to live in a country where we have such a thing
Rise our amount you need to raise guidelines for other things or people end up losing healthcare or paying more then the increase amount they got
Finally thanks president trump said no more no tax on SSI and SSDI and ssa and other one last more stimulus package
The thing is...trump LIES.
Now is not the time to ‘wonder ‘ what is going to happen. The plan is to cut benefits. Anyone who was paying attention would know that.
What should be done now is to remove the cap on contributions.
I am 70 years old and work full time, Between the wife and I we easily hit the 44,000. We still work and are still paying into the SS system, we pay taxes on 85% of our SS. It would help us to a point that we might be able to quit working some day. Pass it Please
It sounds like you and your wife would benefit directly from ending taxes on Social Security benefits, especially given that you’re still working and contributing to the system. As the video notes, Trump’s proposal to eliminate these taxes would help people in situations like yours, especially those earning over the threshold where benefits are taxed. While the proposal isn’t law yet, there’s growing support for changes that could relieve the tax burden on working seniors.
I need my SSI check
Please delete thank you
The government needs to repay all the money they borrowed from SS over the years with interest and that would solve the problem.
I am concerned that if they cut everything out; social security trust funds are going to go away and leave many of us without an income at all. They need to think this out very well. All the illegal people will leave, so they are looking at forcing older people back to work. I wish I could work like when I was young; but cannot.
Your concern is completely valid. If cuts are made without a well-thought-out plan, it could jeopardize Social Security for those who truly depend on it. For many, going back to work isn’t an option, so they’d be left without a safety net. It’s crucial that any reforms protect the program’s stability without unfairly impacting those who’ve worked their whole lives for these benefits. Hopefully, they’ll consider the real-life impact on seniors before making drastic changes.
I’m on SSD and have been getting 1,000 a month to live on I’ve had it hard and now gas and electricity is up and I’m behind 2,000 I don’t know how they even let me get the bill that high.
Well we have a defense budget it takes up 50% of the nation's budget overall... We can start there by trimming part of that and putting that money into social security... This country spends more on defense than the next 15 or 20 countries combined
We seniors should receive more money and when we receive a raise don't hike up health care it's like you received no raise..also quit changing plans for health care as senior citizens we don't like change every few years.
Not anoff to live on and not anoff to die. Those that only have SS, should get a higher amount then those who have also another income.
Funding Social Security may have another source of revenue that could secure Social Security for decades. Let's not forget the Department of Government Efficiency. What is wasteful expenditures can be reallocated to other departments that truly deserve it, Social Security, for example, even Senior Medicare. However, before that can be considered, there must be a crack down on fraud in said departments.
Amen but that will never happen Congress will never agree on that 😢
YES!!!!! ❤SSDI
Increase
Its very hard to live on SSD, and unable to make any extra money. I make just enough not to get on any extra programs.
No war so we will all be able to live to see it.
Remove the ceiling for social security payments so wealthier wage earners still pay into it instead of stopping when they earn I think about $120.000. This would help immensely.
The tripping point is around $165,000. If they eliminated that the fund would be solvent.
I am more worried about the long-term problems
I’d love to see my taxes cut. I wish there was another way to fund Social Security. It’s tough living in a dream world….
I hear you-cutting taxes would be great, but Social Security needs stable funding to support those relying on it. It’s a balancing act between keeping taxes manageable and ensuring the program stays viable. Here’s hoping for a practical solution that works for everyone!
But some people have already stopped having taxes taken out out SS. And. further more some people who have retired over 65 dont receive SS compensation. But receive Medicare not medicaid. (State issue). Ok the tax affects higher income bracket (affordable). Bcus SS is good,but it is always behind the 8 ball, until the table shakes. Some people who have retired are under The Penalized Payment Fees for the rest of their lives (thats right) unbelievable and have to quarterly pay Medicare and Llep fees. Social Security has probably been running so inefficient.
The problem is that when the 85% tax rule was passed back during President Ronald Reagan’s administration, it was never indexed for inflation. What is not a lot of money these days was quite a bunch more in terms of income around 1981. All that needs doing is amend that law making the inflation index retroactive to 1981. I’m doing this from memory so I might be off a year or two when the legislation passed. I think it was passed the same year Congress raised the Social Security full retirement age from 65 to 67. I will be surprised if they don’t do that again too.
If you take away taxes on Social Security, that will quicken the time it takes Social Security to become insolvent it’s plain and simple
$44,000 a year for a married couple is considered higher income?
It’s surprising, but under Social Security rules, a combined income of $44,000 for a married couple can result in up to 85% of their Social Security benefits being taxed. Many feel that this threshold doesn’t align with today’s cost of living, as $44,000 is far from “high income” for most families. It’s a point of frustration for many retirees facing unexpected taxes on their benefits.
I'm in Florida, I don't think I pay taxes on my disability benefits
Long term
No more double taxation period.
For the love of God TAKE THE TAX CAP OFF! PS doing that affects only 5% wage earners the ones that are very well off I would not feel the pain of additional tax
Increase the lower income
Ss is history.
Me i get only 635 dollars a month medicare get 174.90 cant afford to live in the US
You might like Russia I hear it's nice this time of year
You qualify for extra help to pay for your Medicare. Contact your local Department Human Health Services in the State you live in.
Take the shortfall from. Gov. Employees !
Elon Musk wants a cut of two trillion cut in the federal budget, guess that’s happening to your social security.
Cut waste, not your check.
The Federal Budget for FY 2022 was $6.75 Trillion. The 600 pound guerilla in the room is about $1 Trillion just servicing the interest on the debt ($35 Trillion). Bigger line item than Defense. If Trump spends like a drunken sailor, this number will increase, compounded by the interest rate on the debt.
@ do you really care about all the people on social security and VA who will starve to death. 💀 Most maga don’t
Thus is an option. Remember that, folks. Most of this information is not true or factual, just an opinion.
Hi I am on disability SSI and i was wondering if Mr Trump is going to put an increase social security? If so then thats great news
We won’t know for sure if Trump will make any increases to Social Security benefits unless he becomes president again. Right now, any proposed changes are part of his campaign platform, but they would require Congressional approval to become reality.
I keep reading that yes. Benefits will go up
@@jodyjohnson265 Trump could give us a good social security raise but then Congress would most likely Veto it so it like we're damned if he does and we're damned if he doesn't
Only 9 states tax social security
You're correct; as of 2024, nine states tax Social Security benefits: Colorado, Connecticut, Kansas, Minnesota, Montana, New Mexico, Rhode Island, Utah, and Vermont. Each state has its own rules and income thresholds for taxation.
No do not use this to not pay taxes
The health of the program
Take income from domestic oil
Then our Medicare costs Wii go up
I am definitely worried about the long-haul and what affect this will have for the people that are coming up on that retirement age and getting ready to collect Social Security. Trump is very delusional thinking that this is a great effect for the American economy.
Your concern is completely valid. Many Americans approaching retirement are understandably anxious about the future of Social Security and whether it will fully support them when they need it. Some proposed changes, like reducing benefits or altering funding, could create financial uncertainty for new retirees. While certain policies may be promoted as beneficial to the economy, the real impact on everyday people, especially those near retirement, is often overlooked. Safeguarding Social Security for future generations requires realistic, sustainable solutions that prioritize the financial security of all retirees, not just immediate economic gains.
We will see what happens😁
Yes, time will tell! 😁 Let’s hope for positive changes that truly support seniors and make life a bit easier. Fingers crossed that the decisions ahead will reflect the real needs of those relying on Social Security!
My SSI is $190 and I deserve 2500 a month to be able to survive and make it in this country in this world. Everything inflation it went up through the roof gas tags on my car $150 you do the math what is leftnot surviving just existing ready to buy a tent and join them in LA. This is insane. I need money now or I’m done with thank you very much President Trump you working hard and your best. I pray to God that it will be in the bank this month.
I get SSI hardly get by they take out a lot taxes out my check bring home hardly nothing make it in meats
I’m so sorry to hear that-it’s incredibly hard to get by when SSI benefits barely cover the essentials. With taxes and deductions reducing the amount you take home, it can feel nearly impossible to make ends meet. Many on SSI face similar struggles, trying to stretch every dollar just to cover basic needs. It’s frustrating when the support meant to help doesn’t go far enough, especially with rising costs. You deserve a better safety net that truly supports your daily living.
Very true 💯%
We have no problem finding money to send to Ukraine! Stop taxing our social security that we’ve already paid tax on and instead of sending money to Ukraine transfer that money into the social security trust fund! Easy peasy!
There's only about 30% of the people drawing Social Security that pay tax on it. So why don't we just forget that part and move on to the longevity of the program and fix it.
More interested in long term health of program
Ensuring the long-term health of Social Security is crucial for the millions who depend on it. The program faces challenges as the population ages, with fewer workers paying into the system relative to beneficiaries. Options for strengthening it include raising the payroll tax cap so higher earners contribute more, adjusting benefit formulas to focus on those with the greatest need, or gradually increasing the retirement age to reflect longer life expectancies. Each approach has pros and cons, but a combination could create a balanced solution that protects future benefits. Sustaining Social Security requires thoughtful changes now to secure the program for generations to come.
Just advertising only. If this true why not send everyone qualified. No need to claim
If DJT can find a way to take from middle-class retirees and line his own pockets, he will.
The guy never took a paycheck from you or me for the four years he was POTUS. None of your Demorat guys have ever done that. They have all got richer and richer. Look at Clinton and Obama, rich as thieves. Carter was the only honest one of the bunch in my lifetime, maybe Truman too.
trump say bye bye to it. the liar.
I suppose to get 2500 I was told but I been cheated Amen....
First of all forcing people to live off 10,000 a fucken year is not a normal minded person. Careless, lazy, disrespectful, cruel, and abusive. The only thing there is to do is smoke and cigarettes are hard to afford. I always thought it was the governments job to take care of our country otherwise WTF do we need them for
It’s absolutely understandable to feel this way-trying to live on such a limited income is extremely tough, and it can feel like those who set these policies are out of touch with the realities people face. When essentials like housing, food, and even small comforts are hard to afford, it’s frustrating and dehumanizing. Many believe that one of the government’s core responsibilities is to ensure its citizens can live with dignity and security, especially after years of hard work and contributions. You’re not alone in wanting more empathy and effective action from leaders. Everyone deserves a fair chance to live without constantly struggling to get by.
What happen to the ious in the locked box from the 80ties the goverment took?
There will barely be an increase that’s what’s happening 2.3 that’s it Biden gave us a 15%
I Agree
Give everyone on social and medicare one million dollars and tell them to go away. Watch the economy blossom.
Stupid idea. 60 percent will piss the money away in 6 months and then come back begging for more. PS, 1 million doesn't go that far.
We're is all this money coming from?
I. Like. It
😅 seriously, his plan will bankrupt the fund early...
That’s exactly what all the major economists have stated. His tariff plan will have Social Security insolvent by 2031 instead of 2034.
If your being realistic i guess you have not heard senate and house are majority and will get it through.
Yes, Republicans gained control of both the Senate and the House, positioning them to push forward their policy goals with fewer obstacles. This majority allows for more streamlined legislative action, though any significant changes, particularly to key programs like Social Security, will still go through an extensive process of debate and review. While having control makes passing legislation easier, critical programs often receive close examination to consider their broad impact on the public.
Means test Social Security-- millionaires don't need it.
Totally agree! A means test could help keep Social Security sustainable by directing funds to those who really need it. It could be one way to extend the program’s longevity.
👍
They paid into it, too! It's their money! Stop looking at what everyone else has. What you want is socialism. Redistribution of wealth. Instead of looking at what others have, maybe you should try to improve what you have.
Thought that they don’t need, act of congress, since the 70s
Will be more interested in what would happen in the long run.
A lot of the comments here are really stupid somebody said when people pass away and are no longer drawing Social Security where does that money go well for every person that passes away there's probably two or three more applying for Social Security use your head people
I could find all the lives they said they're going to send it they don't send it no I get this s*** about the poor people
WILL this come After TRUMP is sworn in Jan. 20th?
If his draconian party will let him ..however I dont see it!!
I get 19,000 dollars maybe a little over a year and that's not much but it's better than nothing like some of these other countries have if you're so unhappy here maybe go to another country and try to live
BS-We already paid taxes on the SS Benefits!!
We still have to work. With a mortgage. We pay taxes in sc not rite but that sc
😢 See to believe it, coming from a thief
Taking advice from a person with multiple bankruptcies is not a good idea. I could be in error.
Social Security didn't have any problem until you guys started borrowing money out of it that you didn't pay back what is that you guys can decide whatever fun you want to take it out of and then not replace it that's what you've done to Social Security sorry Social Security was all set until they started borrowing money from it then it went to crap😅