Disgusting, this will open a pandora's box.
POLITICAL THREAD
- Thread starter kybobcat
- Start date
Democrats are scum, pure anti-American SCUM.
Disgusting. I'd be ashamed to admit to anyone if I was an idiotic Democrat. Literally ashamed. They're evil, vile human beings.
Democrats:
"If you are a 13 year old child with brain cancer who is honored, we can't be happy for you because we hate that we couldn't destroy Donald Trump. If you immediately released from a Russian prison when Trump won, we can't be happy for you because we couldn't destroy Trump."
LOL at the party you stand by. UTTER loser party and the more the loyalists stubbornly keep acting like petulant children, the more we know who exactlty is mentally disturbed beyond repair.
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Trump should just unilaterally do away with USAID, and make Congress sue him, which will ultimately end up with SCOTUS.
IMO, USAID is, by it's very nature, taxation w/o representation, and should fall completely under the Executive branch.
IMO, USAID is, by it's very nature, taxation w/o representation, and should fall completely under the Executive branch.
Same with the Department of Education.
The tariffs will affect a lot of people
who live to buy cheap disposable crap from China, produced by literal slaves, that is unusable in a month. That’s a lot of people by the way. In the long run let’s hope it creates an environment where people stop buying every shiny piece of junk that pops up on their internet in a Temu ad. And develop the discipline to buy the things they truly need and things that will last.
who live to buy cheap disposable crap from China, produced by literal slaves, that is unusable in a month. That’s a lot of people by the way. In the long run let’s hope it creates an environment where people stop buying every shiny piece of junk that pops up on their internet in a Temu ad. And develop the discipline to buy the things they truly need and things that will last.
Again, IMO the tariffs should be used, in conjunction with slashing of corporate taxes, to entice production of durable goods in the US.
If that gets accomplished, along with a balanced budget amendment and debt payment legislation, then our country would have a good chance to return to post WWII prosperity. Even China (ESPECIALLY China) would have to "bend the knee"
If that gets accomplished, along with a balanced budget amendment and debt payment legislation, then our country would have a good chance to return to post WWII prosperity. Even China (ESPECIALLY China) would have to "bend the knee"
If anything, maybe people's credit card balances will improve.
Yeah, AD was great in his one game with Dallas and then exited with an injury which everyone had joked would happen.
Mavs management single-handedly killed their team with that deal. Then had the audacity to raise ticket prices. 😂
I'm not a CPA but I don't believe that's correct. FICA taxes are withdrawn from your gross wages (many times SS wages > Federal income tax wages as income tax rules allow pre-tax contributions for 401k, health insurance, FSA, etc. to reduce AGI while ER contribution to group life and STD, etc gross up your FICA income) and is a separate calculation from federal income tax. You certainly don't receive a deduction for FICA taxes paid. For example, if you earned $100k with no pre-tax deductions, FICA would tax you $7,650 but you'd still pay income taxes on the full $100k, wouldn't you? I've never heard of SS contributions being pre-tax, i.e., reduces your taxable income for federal income tax reporting purposes. There's no line item on the 1040 that you list your FICA taxes paid and that number is deducted from your AGI to my knowledge. Now, the employer's contribution to FICA on your behalf is NOT added to the individual's AGI and is, in essence, pre-tax. Again, not a CPA so it's very possible that I'm incorrect. But my understanding has always been that basically gross earned income is taxed for FICA purposes and federal income tax is a different calculation that includes a lot of things such as withholding, deductions, pre-tax contributions, etc.
The people that are squandering our money and enriching their familes are mad that they got caught sqandering our money and enriching their families.
lol. bevavior no different that a snot-nosed 6 year old kid that got caught lying. It really is something to behold to watch grown adults get mad because they can't go on crapping on the entire country. Utter scum.
lol. bevavior no different that a snot-nosed 6 year old kid that got caught lying. It really is something to behold to watch grown adults get mad because they can't go on crapping on the entire country. Utter scum.
I'm almost positive that SS contributions lower you taxable income. IOW, you are taxed on your income AFTER FICA has been deducted. If they were not, IOW you paid taxes based on your income BEFORE it was deducted, then it would be criminal for the government to tax the benefits from those contributions.
Or it's entirely possible that I'm a dumbass when it comes to understanding the various nuances and ways that the government will use to **** us over. LOL
Or it's entirely possible that I'm a dumbass when it comes to understanding the various nuances and ways that the government will use to **** us over. LOL
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Al Green walking out......
Wouldn't one imagine that the viewers disproportionately favor Trump to begin with? I'd expect pretty much the same numbers if survey was taken of same people before the speech.
who here opposes reciprocal tariffs?
If so, please let me know why.
If so, please let me know why.
Wage earners cannot deduct the social security tax and medicare tax that is withheld from their wages. It does NOT reduce their taxable income.
Yikes. Calling him "street clothes" is one thing but mocking him maybe having a concussion/needing a wheelchair when they didn't know is low even for those smug a-holes, lol.
Here is an article that is not favorable towards reciprocal tariffs. Make of it what you will.
https://www.cato.org/commentary/reciprocal-tariffs-are-trumps-worst-trade-idea-yet
https://www.cato.org/commentary/reciprocal-tariffs-are-trumps-worst-trade-idea-yet
If I make 60,000 dollars gross in a year, but 5000 dollars is deducted from my pay for SS then I pay Federal Income tax on 55,000 dollars, not 60,000
I'm not being obstinate here. Like I said, I might be missing the forest for the trees.
I think the confusion comes in when you describe SS as a tax in itself, when it is actually an investment (albeit, a pretty piss poor one) but in the final analysis, you ARE deducting what you paid into SS in that your adjusted taxable income is lowered by said amount.
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That part in bold is the part that no one else seems to be talking about. All of this is worthless unless this happens. I don't care about tax cuts. I want a balanced budget so that the government can't just take any extra gains and waste them on more BS.
My monthly SS raises my taxable income. The only thing that comes out of my SS check is Medicare premium. My pension check is taxed based on what I tell them to take out. I pay zero state tax. My combined pension and social security are my income. Subtract standard deduction that becomes taxable income. Now if SS is not considered taxable income, then only my pension check becomes my income which would drop my taxable income. Now any other monthly income changes the taxable income, so the way I understand it, no tax on SS means SS is no longer considered taxable income hence changes tax bracket.
Short, concise and to the point. Spot on analysis.
Therein lies the dilemna. If you're NOT paying taxes on your social security contributions (they're taken out before your tax liability is calculated) then of course, they are going to tax you on the "income" you derive as you receive it back. Which is exactly how a privately funded tax-deferred annuity works. You get to subtract your contributions into it (up to a set amount per year) which lowers your tax liability then, and defers the taxes you pay on it until you start taking it back out (presumably in a lower tax bracket than you were in during prime earning years)
If Democrats didn't have lies. They wouldn't have anything to say.
My understanding is that wage earners pay tax on $60,000 of gross wages with no deduction for SS tax withheld from their wages. Self employed folks may be entitled to a partial deduction.
Depends if the 7.8% rise in sales means it's in dollars or in amount/volume sold. If latter, it's pretty good imo.
Damned Cannuks. If you have elderly family members that have been defrauded I have good news. The perps have probably been arrested in not India, not China, Canada.
Two of twenty five remain at large.
Seriously. There isn't a hole deep enough to put these sorry sacks of shit. If I had my way these assholes would make big rocks into little rocks until they either died from old age or from the hard labor. Burns me up, man.
Burlington, Vermont – The Office of the United States Attorney for the District of Vermont announced that on February 20, 2025, a federal grand jury returned an indictment charging the following 25 Canadian nationals with participation in a “Grandparent Scam” that defrauded elderly individuals in Vermont and more than 40 other states:
According to the Indictment, which was unsealed on March 4, 2025, between the summer of 2021 and June 4, 2024, the defendants engaged in a “Grandparent Scam” involving phone calls made from call centers in and around Montreal, Québec. During these phone calls, defendants falsely claimed to be an elderly victim’s relative, typically a grandchild, who had been arrested following a car crash and needed money for “bail.” Other defendants posed as an “attorney” representing the elderly victim’s relative. Elderly victims were often told that there was a “gag order” in place to prevent the elderly victim from telling anyone about their family member’s supposed arrest. Elderly victims were convinced to provide bail money to an individual falsely posing as a bail bondsman, who would come to the elderly victim’s home to collect the money. This money was later transmitted to Canada following cash deliveries and financial transactions, sometimes involving cryptocurrency, which, the Indictment alleges, obscured the source of the money and the identities of defendants.
Two of twenty five remain at large.
Seriously. There isn't a hole deep enough to put these sorry sacks of shit. If I had my way these assholes would make big rocks into little rocks until they either died from old age or from the hard labor. Burns me up, man.
Burlington, Vermont – The Office of the United States Attorney for the District of Vermont announced that on February 20, 2025, a federal grand jury returned an indictment charging the following 25 Canadian nationals with participation in a “Grandparent Scam” that defrauded elderly individuals in Vermont and more than 40 other states:
According to the Indictment, which was unsealed on March 4, 2025, between the summer of 2021 and June 4, 2024, the defendants engaged in a “Grandparent Scam” involving phone calls made from call centers in and around Montreal, Québec. During these phone calls, defendants falsely claimed to be an elderly victim’s relative, typically a grandchild, who had been arrested following a car crash and needed money for “bail.” Other defendants posed as an “attorney” representing the elderly victim’s relative. Elderly victims were often told that there was a “gag order” in place to prevent the elderly victim from telling anyone about their family member’s supposed arrest. Elderly victims were convinced to provide bail money to an individual falsely posing as a bail bondsman, who would come to the elderly victim’s home to collect the money. This money was later transmitted to Canada following cash deliveries and financial transactions, sometimes involving cryptocurrency, which, the Indictment alleges, obscured the source of the money and the identities of defendants.
SS payments into the system while you're working are part of your AGI and they aren't deductions from AGI to create taxable income. Have never seen a line on a 1040 that shows SS payments deduction.
That is essentially the crux.
Do SS contributions lower your taxable income?
Surely to GOD there is somebody on here that knows the &*&*&^ing ANSWER! 🤣 🤣 🤣
PSA: Not political, but if any of you drive Toyotas and do your own maintenance, Toyota parts are running a 25% off sale today. That include oil. Not sure it's still this way but their oil used to be Mobile 1.
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That this is controversial reveals how compromised our leaders are, and probably by Chinese money among others.
I think that's what I said in different terms, I also know this number shit gives me a headache. My oldest has a master's in accounting and working on his doctorate and does all this tax filing shit. I really just let him deal with it...LOL
If SS contributions do NOT lower your taxable income by like amount then it is atrocious that the benefits would be taxed.
F***ing BASTARDS!
F***ing BASTARDS!
Note the last sentence in the last paragraph in this excerpt from the referenced publication.
What is self-employment tax?
Self-employment tax is a tax consisting of Social Security and Medicare taxes primarily for individuals who work for themselves. It is similar to the Social Security and Medicare taxes withheld from the pay of most wage earners.Employers calculate Social Security and Medicare taxes for most wage earners. However, you calculate self-employment tax (SE tax) using Schedule SE, Self-Employment Tax, (Form 1040 PDF or 1040-SR). Also, you can deduct the employer-equivalent portion of your SE tax when calculating your adjusted gross income. Wage earners cannot deduct Social Security and Medicare taxes.
Self-employment tax (Social Security and Medicare taxes) | Internal Revenue Service
Self-employment tax rates, deductions, who pays and how to pay.
You're not the only one who has been a dumbass on here, but you're not one for saying the government is criminal.
