from Governor Huckabee
If you’re on Social Security, you’ve likely received or will soon receive a Notice 703. That’s a letter from the Social Security Administration, warning that your Social Security benefits may be taxable and providing a worksheet to help you figure out how much of your SS checks for 2023 that they’re going to demand you give back in April.
Many recent retirees may be in for a shock at tax time, since they naturally figured that their Social Security wouldn’t be counted as new taxable income. After all, it’s NOT. It’s your own money that you already paid taxes on years or even decades ago. The government took it on the promise that they’d give it back to you with interest when you retired. But thanks to a tax reform bill in the ‘80s, it started being considered taxable income if you continue working and earning other pay.
So to be clear: The politicians spent like drunken sailors on shore leave (apologies to drunken sailors for comparing them to politicians), driving inflation through the roof and forcing Americans to continue working into their 70s and beyond because Social Security doesn’t cover basic living expenses. Now, they punish the elderly for continuing to work to survive by claiming that the pay they earn makes them wealthy plutocrats who don’t need to keep all of their Social Security, so they tax a big chunk of it back.
And how much do you have to earn to reach that plutocrat level? A whopping $25,000 if you’re single and $32,000 if you’re married and filing jointly. FYI: that’s not adjusted gross income. That’s TOTAL income before any deductions. It also includes any pension payments, dividends or other savings or investment income.
FYI: Here’s why retirees have to keep working until they die. The Blaze reports that since Biden took office, retirement accounts have lost 25% of their value (an estimated $1 trillion net loss.) In the third quarter of 2023 alone, pension plans lost $3.3 trillion. And due to Bidenflation, the average American family has lost the equivalent of about $7300 in annual income.
For years, there have been moves in Congress either to eliminate this unconscionable soaking of seniors or at least to greatly raise the outdated income threshold to reflect the huge inflation of recent years. Thus far, nothing has come of them. We should all let our representatives know that it’s long past time to end this monstrous double taxation of Social Security payments and stop forcing struggling seniors to pay for the government’s spendaholism.
American Vet wrote:
from Governor Huckabee
If you’re on Social Security, you’ve likely received or will soon receive a Notice 703. That’s a letter from the Social Security Administration, warning that your Social Security benefits may be taxable and providing a worksheet to help you figure out how much of your SS checks for 2023 that they’re going to demand you give back in April.
Many recent retirees may be in for a shock at tax time, since they naturally figured that their Social Security wouldn’t be counted as new taxable income. After all, it’s NOT. It’s your own money that you already paid taxes on years or even decades ago. The government took it on the promise that they’d give it back to you with interest when you retired. But thanks to a tax reform bill in the ‘80s, it started being considered taxable income if you continue working and earning other pay.
So to be clear: The politicians spent like drunken sailors on shore leave (apologies to drunken sailors for comparing them to politicians), driving inflation through the roof and forcing Americans to continue working into their 70s and beyond because Social Security doesn’t cover basic living expenses. Now, they punish the elderly for continuing to work to survive by claiming that the pay they earn makes them wealthy plutocrats who don’t need to keep all of their Social Security, so they tax a big chunk of it back.
And how much do you have to earn to reach that plutocrat level? A whopping $25,000 if you’re single and $32,000 if you’re married and filing jointly. FYI: that’s not adjusted gross income. That’s TOTAL income before any deductions. It also includes any pension payments, dividends or other savings or investment income.
FYI: Here’s why retirees have to keep working until they die. The Blaze reports that since Biden took office, retirement accounts have lost 25% of their value (an estimated $1 trillion net loss.) In the third quarter of 2023 alone, pension plans lost $3.3 trillion. And due to Bidenflation, the average American family has lost the equivalent of about $7300 in annual income.
For years, there have been moves in Congress either to eliminate this unconscionable soaking of seniors or at least to greatly raise the outdated income threshold to reflect the huge inflation of recent years. Thus far, nothing has come of them. We should all let our representatives know that it’s long past time to end this monstrous double taxation of Social Security payments and stop forcing struggling seniors to pay for the government’s spendaholism.
from Governor Huckabee br br If you’re on Social ... (
show quote)
At least drunken sailors spend their own money, while politicians spend other peoples money.
Jim0001
Loc: originally from Tennessee, now Virginia, USA
American Vet wrote:
from Governor Huckabee
If you’re on Social Security, you’ve likely received or will soon receive a Notice 703. That’s a letter from the Social Security Administration, warning that your Social Security benefits may be taxable and providing a worksheet to help you figure out how much of your SS checks for 2023 that they’re going to demand you give back in April.
Many recent retirees may be in for a shock at tax time, since they naturally figured that their Social Security wouldn’t be counted as new taxable income. After all, it’s NOT. It’s your own money that you already paid taxes on years or even decades ago. The government took it on the promise that they’d give it back to you with interest when you retired. But thanks to a tax reform bill in the ‘80s, it started being considered taxable income if you continue working and earning other pay.
So to be clear: The politicians spent like drunken sailors on shore leave (apologies to drunken sailors for comparing them to politicians), driving inflation through the roof and forcing Americans to continue working into their 70s and beyond because Social Security doesn’t cover basic living expenses. Now, they punish the elderly for continuing to work to survive by claiming that the pay they earn makes them wealthy plutocrats who don’t need to keep all of their Social Security, so they tax a big chunk of it back.
And how much do you have to earn to reach that plutocrat level? A whopping $25,000 if you’re single and $32,000 if you’re married and filing jointly. FYI: that’s not adjusted gross income. That’s TOTAL income before any deductions. It also includes any pension payments, dividends or other savings or investment income.
FYI: Here’s why retirees have to keep working until they die. The Blaze reports that since Biden took office, retirement accounts have lost 25% of their value (an estimated $1 trillion net loss.) In the third quarter of 2023 alone, pension plans lost $3.3 trillion. And due to Bidenflation, the average American family has lost the equivalent of about $7300 in annual income.
For years, there have been moves in Congress either to eliminate this unconscionable soaking of seniors or at least to greatly raise the outdated income threshold to reflect the huge inflation of recent years. Thus far, nothing has come of them. We should all let our representatives know that it’s long past time to end this monstrous double taxation of Social Security payments and stop forcing struggling seniors to pay for the government’s spendaholism.
from Governor Huckabee br br If you’re on Social ... (
show quote)
"FYI: Here’s why retirees have to keep working until they die. The Blaze reports that since Biden took office, retirement accounts have lost 25% of their value (an estimated $1 trillion net loss.) In the third quarter of 2023 alone, pension plans lost $3.3 trillion. And due to Bidenflation, the average American family has lost the equivalent of about $7300 in annual income." And I feel it.
American Vet wrote:
from Governor Huckabee
If you’re on Social Security, you’ve likely received or will soon receive a Notice 703. That’s a letter from the Social Security Administration, warning that your Social Security benefits may be taxable and providing a worksheet to help you figure out how much of your SS checks for 2023 that they’re going to demand you give back in April.
Many recent retirees may be in for a shock at tax time, since they naturally figured that their Social Security wouldn’t be counted as new taxable income. After all, it’s NOT. It’s your own money that you already paid taxes on years or even decades ago. The government took it on the promise that they’d give it back to you with interest when you retired. But thanks to a tax reform bill in the ‘80s, it started being considered taxable income if you continue working and earning other pay.
So to be clear: The politicians spent like drunken sailors on shore leave (apologies to drunken sailors for comparing them to politicians), driving inflation through the roof and forcing Americans to continue working into their 70s and beyond because Social Security doesn’t cover basic living expenses. Now, they punish the elderly for continuing to work to survive by claiming that the pay they earn makes them wealthy plutocrats who don’t need to keep all of their Social Security, so they tax a big chunk of it back.
And how much do you have to earn to reach that plutocrat level? A whopping $25,000 if you’re single and $32,000 if you’re married and filing jointly. FYI: that’s not adjusted gross income. That’s TOTAL income before any deductions. It also includes any pension payments, dividends or other savings or investment income.
FYI: Here’s why retirees have to keep working until they die. The Blaze reports that since Biden took office, retirement accounts have lost 25% of their value (an estimated $1 trillion net loss.) In the third quarter of 2023 alone, pension plans lost $3.3 trillion. And due to Bidenflation, the average American family has lost the equivalent of about $7300 in annual income.
For years, there have been moves in Congress either to eliminate this unconscionable soaking of seniors or at least to greatly raise the outdated income threshold to reflect the huge inflation of recent years. Thus far, nothing has come of them. We should all let our representatives know that it’s long past time to end this monstrous double taxation of Social Security payments and stop forcing struggling seniors to pay for the government’s spendaholism.
from Governor Huckabee br br If you’re on Social ... (
show quote)
I hope people looked into that before retiring. I did and knew it was taxable.
Liberty Tree wrote:
At least drunken sailors spend their own money, while politicians spend other peoples money.
True. And win a drunken sailor runs out of cash they stop spending until next time.
tomhoff24 wrote:
I hope people looked into that before retiring. I did and knew it was taxable.
We chose to retire in Texas because they don’t tax any income but the federal government still does and that is a big bite of our income
American Vet wrote:
from Governor Huckabee
If you’re on Social Security, you’ve likely received or will soon receive a Notice 703. That’s a letter from the Social Security Administration, warning that your Social Security benefits may be taxable and providing a worksheet to help you figure out how much of your SS checks for 2023 that they’re going to demand you give back in April.
Many recent retirees may be in for a shock at tax time, since they naturally figured that their Social Security wouldn’t be counted as new taxable income. After all, it’s NOT. It’s your own money that you already paid taxes on years or even decades ago. The government took it on the promise that they’d give it back to you with interest when you retired. But thanks to a tax reform bill in the ‘80s, it started being considered taxable income if you continue working and earning other pay.
So to be clear: The politicians spent like drunken sailors on shore leave (apologies to drunken sailors for comparing them to politicians), driving inflation through the roof and forcing Americans to continue working into their 70s and beyond because Social Security doesn’t cover basic living expenses. Now, they punish the elderly for continuing to work to survive by claiming that the pay they earn makes them wealthy plutocrats who don’t need to keep all of their Social Security, so they tax a big chunk of it back.
And how much do you have to earn to reach that plutocrat level? A whopping $25,000 if you’re single and $32,000 if you’re married and filing jointly. FYI: that’s not adjusted gross income. That’s TOTAL income before any deductions. It also includes any pension payments, dividends or other savings or investment income.
FYI: Here’s why retirees have to keep working until they die. The Blaze reports that since Biden took office, retirement accounts have lost 25% of their value (an estimated $1 trillion net loss.) In the third quarter of 2023 alone, pension plans lost $3.3 trillion. And due to Bidenflation, the average American family has lost the equivalent of about $7300 in annual income.
For years, there have been moves in Congress either to eliminate this unconscionable soaking of seniors or at least to greatly raise the outdated income threshold to reflect the huge inflation of recent years. Thus far, nothing has come of them. We should all let our representatives know that it’s long past time to end this monstrous double taxation of Social Security payments and stop forcing struggling seniors to pay for the government’s spendaholism.
from Governor Huckabee br br If you’re on Social ... (
show quote)
The Blaze was founded by Glen Beck when he was kicked off the air for his radical viewpoint. Meida bias, allSides ad Fontes and Biasly all rate the Biaze as far right and iffy as far as the truth goes.
American Vet wrote:
from Governor Huckabee
If you’re on Social Security, you’ve likely received or will soon receive a Notice 703. That’s a letter from the Social Security Administration, warning that your Social Security benefits may be taxable and providing a worksheet to help you figure out how much of your SS checks for 2023 that they’re going to demand you give back in April.
Many recent retirees may be in for a shock at tax time, since they naturally figured that their Social Security wouldn’t be counted as new taxable income. After all, it’s NOT. It’s your own money that you already paid taxes on years or even decades ago. The government took it on the promise that they’d give it back to you with interest when you retired. But thanks to a tax reform bill in the ‘80s, it started being considered taxable income if you continue working and earning other pay.
So to be clear: The politicians spent like drunken sailors on shore leave (apologies to drunken sailors for comparing them to politicians), driving inflation through the roof and forcing Americans to continue working into their 70s and beyond because Social Security doesn’t cover basic living expenses. Now, they punish the elderly for continuing to work to survive by claiming that the pay they earn makes them wealthy plutocrats who don’t need to keep all of their Social Security, so they tax a big chunk of it back.
And how much do you have to earn to reach that plutocrat level? A whopping $25,000 if you’re single and $32,000 if you’re married and filing jointly. FYI: that’s not adjusted gross income. That’s TOTAL income before any deductions. It also includes any pension payments, dividends or other savings or investment income.
FYI: Here’s why retirees have to keep working until they die. The Blaze reports that since Biden took office, retirement accounts have lost 25% of their value (an estimated $1 trillion net loss.) In the third quarter of 2023 alone, pension plans lost $3.3 trillion. And due to Bidenflation, the average American family has lost the equivalent of about $7300 in annual income.
For years, there have been moves in Congress either to eliminate this unconscionable soaking of seniors or at least to greatly raise the outdated income threshold to reflect the huge inflation of recent years. Thus far, nothing has come of them. We should all let our representatives know that it’s long past time to end this monstrous double taxation of Social Security payments and stop forcing struggling seniors to pay for the government’s spendaholism.
from Governor Huckabee br br If you’re on Social ... (
show quote)
Been taxed on itfor a while
pegw wrote:
The Blaze was founded by Glen Beck when he was kicked off the air for his radical viewpoint. Meida bias, allSides ad Fontes and Biasly all rate the Biaze as far right and iffy as far as the truth goes.
What part isn’t true? Radical truth bothers you
pegw wrote:
The Blaze was founded by Glen Beck when he was kicked off the air for his radical viewpoint. Meida bias, allSides ad Fontes and Biasly all rate the Biaze as far right and iffy as far as the truth goes.
Your usual weak-minded response: Cannot refute the content so attacks the source.
Wonttakeitanymore wrote:
What part isn’t true? Radical truth bothers you
It's radical untruth that bothers me.
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