Trump : latest pitch no taxes for individuals making less than 150k.
- Thread starter Clemson Goat
- Start date
Well is it just income taxes or is it payroll taxes as well? If its payroll taxes then that completely eliminates funding for social security and medicare, and I’m assuming that’s likely the goal so that they can be privatized.
Its another one of these deals that the average American hears and thinks is an amazing idea, but would create havoc in the form of either eliminating a significant amount of government services or creating the largest budget deficits the country has ever seen.
Its all a word game. Instead of saying “we support eliminating social security and medicare and other services many Americans find essential” they say “no tax on anyone making less than $150k.”
I mean, I’m probably going to make over $150k this year, but sure I’d love to not have anything taxed on that first 150k, but I’d also like to make sure that when I fly there are enough air traffic controllers working so its safe, or that there are people actively regulating the amount of toxins that can be in my drinking water, or government assistance in the event a huge natural disaster. The administration is already trying to significantly limit these services, now imagine if 90+% of Americans stopped paying taxes altogether.
I’d also be curious how @scotchtiger and other traditional “taxes are a punishment for the successful” Republicans view this. Does this not make the tax system even more unfair for those who earn more?
Also - the idea that tariffs could make up for the revenue shortfall of eliminating so many taxes is crazy talk. You’re talking about eliminating trillions of dollars in revenue, the administration’s tariffs are expected to generated approx $120 billion per year, so that’s a pretty significant shortfall.
But I’m open to hearing more about the plan.
No. Trump will do nothing but strengthen SS imo.
Bullshit, he's actively trying to break it. Get off your knees
EXCLUSIVE: Memo details Trump plan to sabotage the Social Security Administration
An internal Social Security Administration (SSA) memo, sent on March 13 and obtained by Popular Information, details proposed changes to the claims process that would debilitate the agency, cause significant processing delays, and prevent many Americans from applying for or receiving benefits.
popular.info
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You guys are delirious. Trump broke yalls delicate cranial sections.
I am pretty sure he said that he wants to exempt SS from taxes in a subsequent step. I hear what you are saying. I am 61 and collecting that SS is closer in my windshield than ever and coming up fast. I trust Trump.
What specific policies do you believe the President will enact that will strengthen Social Security? Also, can we define what “strengthened” social security actually is?
He’s referring to the no tax under $150k, saying only income tax would be exempt, payroll taxes would not.
Well with DOGE saving eventually into the trillions of dollars and also getting rid of fraudulent SS payments that all will strengthen SS and its bottom line. No rocket science here.
So no specific policies or clarification on what “strengthening” social security means. Got it.
During my first DOGE Committee hearing, it was exposed that nearly $1 TRILLION dollars per year of fraudulent and improper payments could be saved simply by putting identify verification software on federal government payment processors.
This would stop checks from being sent to dead people, illegals, and criminals in foreign countries just by verifying people’s identity.
Think about it.
You have to verify your identity many times a day just to complete basic tasks.
But our own government just blindly sends checks to anyone and everyone whether citizen, non-citizen, dead or alive.
We must end this malpractice and outright waste, fraud, and abuse.
This is the mission of DOGE.
I think it’s a stupid idea. If we’re going to have income taxes, everyone should pay their fair share.
I also think it sets up a major problem down the road. Once you remove taxes on 90% of the country, you will never be able to go back and tax them. That means when we need more revenue, an even larger and more punitive tax will be levied on the other 10%.
Fvck all that.
I would define strengthening as
1) Payments staying the same or increasing
2) The longevity of the fund (time until funds run out) increases in duration.
I would add a 3rd one to that. I would add something that talks to integrity of the SS system. In other words, accuracy. Some sort of Audit to ensuere that a.) SS is being taken from payroll accurately (everyone who should pay SS taxes do) , b.) to ensure that people who are getting it are getting the correct amount, and c.) ensure those that sholdn't get it (dead people, illegals etc.) dont.
Audits should be mandated and accuracy goals established. If periodic audit has s discrepancy over a certain threshold then that should trigger a more comprehensive audit.
edit: grammer/readability
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I’m not sure if its possible to increase the amount without higher payroll taxes (other than the standard cost of living increases). But the amount remaining the same and improving longevity of the fund go hand in hand, I think. You improve its solvency and the payments won’t have to be decreased. I’m not sure what specific policy the Trump administration has proposed that would accomplish either of the things you mentioned, and certainly it seems that the goal is to decrease the efficiency and solvency of social security.
Personally, I’d be in favor of eliminating social security altogether and using those funds, along with funds for medicare and medicaid, for universal heath care.
Yeah it kind of feels like if you go this route then you might as well just repeal the 16th amendment altogether, which also doesn’t feel like the best idea.
I agree 100%. Makes no sense.
I personally believe that EVERYONE no matter what income level should pay SOMETHING in taxes if they have any income at all. I don't care how much. Put one of your discetionary nickels in the box and have a stake in the system. Even if net net you get more in public assistance than you make, at least you contributed.
When you say "it seems the goal is to decrease the efficiency and solvency of social security" what exactly do you mean and what leads you to think this?
