Wait, what? REDUCTION in income tax on benefits? (Reply #49)

In the discussion thread: House Democrats Unveil Social Security Expansion Bill With Unprecedented Support [View all]

Response to workinclasszero (Original post)

Wed Jan 30, 2019, 05:21 PM

49. Wait, what? REDUCTION in income tax on benefits?

How about eliminating the tax on this “income” stream, especially for beneficiaries who depend on this monthly stipend for survival? Especially when Medicare Part B premiums are withheld after tax. (A whole other topic, for which I’ll save for another post).

It wasn’t until Ronnie Raygun got into the Oval Office that this tax was imposed upon seniors, his contemporaries (at least chronologically, if not demographically). Now it is deeply ingrained into the federal budget, but if this proposed bill is already likely to arrive DOA on the Senate floor, why quibble over a matter of principle?
In for a penny...

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72 replies	Author	Time	Post
House Democrats Unveil Social Security Expansion Bill With Unprecedented Support [View all]	workinclasszero	Jan 2019	OP
But since this helps ordinary people, Republicans will be against it.	Buckeyeblue	Jan 2019	#1
McConnell will never put it to the floor.	ooky	Jan 2019	#4
+1	workinclasszero	Jan 2019	#6
The Democratic House needs to keep passing the bill	DirtEdonE	Jan 2019	#13
100% agree!	workinclasszero	Jan 2019	#22
That wouldn't work quite the way you expect	FBaggins	Jan 2019	#26
That's why Republicans kept passing bills to repeal ACA.	JustABozoOnThisBus	Jan 2019	#31
It's important to remember the criticism that we heaped on the GOP for	ehrnst	Jan 2019	#40
True. The difference is that this bill actually helps almost every poor and middle class person.	Caliman73	Jan 2019	#62
and keep passing pro-citizen bills	Hermit-The-Prog	Jan 2019	#16
Exactly!	workinclasszero	Jan 2019	#23
Another point to press...........	MyOwnPeace	Jan 2019	#34
Yup	workinclasszero	Jan 2019	#35
McConnell is the true enemy of the people	world wide wally	Jan 2019	#47
Expos him with Internet ads	malaise	Jan 2019	#64
YEP	Cosmocat	Jan 2019	#20
Well... it helps ordinary people after they retire	FBaggins	Jan 2019	#24
More like 5% if the cap is lifted, not 20%. Which is what this bill proposes.	haele	Jan 2019	#32
The bill proposes BOTH a FICA rate increase and lifting the cap	FBaggins	Jan 2019	#46
Where do you get the 20%?	watoos	Jan 2019	#33
1.2% is 1/5th of the current 6% FICA	FBaggins	Jan 2019	#43
I don't like reducing it to a simple "x%" increase. That always used to make things sound worse.	oldsoftie	Jan 2019	#53
Ah, I see, statistics don't lie.	watoos	Jan 2019	#67
Let me tell you, the very, very well off sign up for Social Security and Medicare	Texin	Jan 2019	#36
You are correct.	Cold War Spook	Jan 2019	#37
Essentially correct	FBaggins	Jan 2019	#44
50 cents a week in higher taxes per the article	NickB79	Jan 2019	#58
That's wrong though	TexasBushwhacker	Jan 2019	#60
Both are correct	FBaggins	Jan 2019	#61
Ah, I forgot about the phase in	TexasBushwhacker	Jan 2019	#63
What it will show	DownriverDem	Jan 2019	#28
Excellent news....	doompatrol39	Jan 2019	#2
Yes!	workinclasszero	Jan 2019	#3
Social Security doesn't contribute to the debt	watoos	Jan 2019	#10
2 separate thoughts/ideas.....	doompatrol39	Jan 2019	#11
Medicare for all is a lot different than single payer health care.	watoos	Jan 2019	#38
Uh....I know?	doompatrol39	Jan 2019	#45
Bears repeating :	littlemissmartypants	Jan 2019	#12
K & R	SunSeeker	Jan 2019	#5
K & R ... + 1,000,000	MFGsunny	Jan 2019	#7
That's the same survivor benefits that Paul Ryan used	bigbrother05	Jan 2019	#8
Social Security Enhancement ... not an expansion	4139	Jan 2019	#9
I'd rather talk about lowering the retirement age, but this is still great	Recursion	Jan 2019	#14
Just a guess, but thinking we're a lot more likely to see	Hortensis	Jan 2019	#19
Andrew Yang 2020!	Recursion	Jan 2019	#21
:) Wait. Hope. Unfortunately, we're not in as good a position	Hortensis	Jan 2019	#25
Don't really know about lowering the retirement age.	Cold War Spook	Jan 2019	#41
Lamb is my rep...	biglib63	Jan 2019	#15
Great start to the session!	Power 2 the People	Jan 2019	#17
While I welcome the support of Chairman Richard Neal...	Moostache	Jan 2019	#18
As the parent of a college student	xmas74	Jan 2019	#48
We also need to stop pushing college so hard on everyone. Technical school is a great option.	oldsoftie	Jan 2019	#57
Democrats are being very liberal	IronLionZion	Jan 2019	#27
Link	MagicPond	Jan 2019	#29
Right here	workinclasszero	Jan 2019	#30
Fantastic. A ray of hope.	zentrum	Jan 2019	#39
Everything Dems put forward has to have all kinds of bulletproofing built in to prevent future...	BamaRefugee	Jan 2019	#42
Wait, what? REDUCTION in income tax on benefits?	Fritz Walter	Jan 2019	#49
YES!	ProfessorPlum	Jan 2019	#50
nice idea, won't get a vote in the Senate or trumps signature	beachbum bob	Jan 2019	#51
Maybe not, but it gives us wonderful satisfaction that	at140	Jan 2019	#59
Tax law	enid602	Jan 2019	#52
Actually, it didnt.	oldsoftie	Jan 2019	#54
Tax law	enid602	Jan 2019	#55
Income tax revenues are up, but so is spending. As usual. But revenues SHOULD be up,	oldsoftie	Jan 2019	#56
Tax law	enid602	Jan 2019	#71
In '18, income tax revenues were up, corporate taxes were down.	oldsoftie	Jan 2019	#72
This is chained CPI with a cap raise and a poverty exception.	joshcryer	Jan 2019	#65
KILL the cap KILL the cap!	pansypoo53219	Jan 2019	#66
Why the rate increase?	JT45242	Jan 2019	#68
As a senior, I am 100% in favor this, IF we can pay for it.	Honeycombe8	Jan 2019	#69
I wish those dems well but...	StarzGuy	Jan 2019	#70

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