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BREAKING: New Bill May INCREASE Social Security By Eliminating Shady Tax ?

Frames BREAKING: New Bill May INCREASE Social Security By Eliminating Shady Tax ?

Description BREAKING: New Bill May INCREASE Social Security By Eliminating Shady Tax ?

Comments BREAKING: New Bill May INCREASE Social Security By Eliminating Shady Tax ?

✅ Watch the Internet's #1 Online Medicare Educational Workshop for FREE: getmedicareschoolcom/3Z3iR0dbr✅ To get 1 on 1 Help from our Team, Schedule a Call Here: getmedicareschoolcom/3sDsvL0 Comment from : Medicare School

Nothing is going to be taken care of by the present republican run congress Comment from : Reda Jones

Seniors should not have to pay any tax on their social security benefits! Outrageous, wrong and amoral to tax us on money we already put into the system during our working years!! Comment from : MiamiVice

They need to quit saying all over the place they are raising ss ssi etc and just say they are not double taxing anymore Comment from : v w

Ssi card Comment from : S a n d r a R e c i o

I m not workings Comment from : S a n d r a R e c i o

Nothing happening in this area Comment from : AJ Steele

Nobody who’s on SSDI or SSI should ever have to pay a dime in taxes Especially SSDI those who are disabled should definitely never have to pay any type of tax Comment from : Jeff I

Where are people getting the idea that social security is double taxed? I don't think that is true The taxes are treated the same as on a 401k The money withheld from your pay check for FICA is not taxed at the time it is collected, just like 401k contributions, and when you file your tax returns it's not part of your taxable income, so just like when you take distributions from a 401k, you must pay taxes If you have a Roth IRA you don't pay taxes on the distributions because for contributions are after tax dollars Comment from : Almoe Mason

The t6ax will never be rescinded It is a win-win talking point that each party can blame the other Comment from : 95SLE

Always informative and important ⭐️ Comment from : shaunzahn zahn

About time Comment from : vivian stovash

Truly appreciate your video Since this bill applies to us seniors why don’t they let the people vote on this issue same as we have to vote for officers in the country Have worked for these benefits and don’t need others trying to manage our funds We all need to reach out to our congressman to consider this bill Many never receive their benefits due to death Those republicans should be force to donate 50 of their salary to social security☝️ Comment from : Doris Reyes

Thank you for the information Comment from : Cathey Young

My mother is a widow who only makes about 10 thousand a year in social security She has no other income or money saved what so ever Does she still have to pay taxes on the 10 thousand she makes yearly ? Comment from : ARMANDO FIGEROA

If they don’t pass this, all who voted against it should be voted out of office Comment from : Roel

SSI/SSDI $$, SHOULD NOT NEED TO PAY ANY TAXES ON THEIR SSI/SSDI Comment from : K T

Thanks very very much! I found it quite informative! HalleluYah Comment from : Colleen Currier

That would be nice I’m not at full retirement yet, waiting until my late 60’s to draw Comment from : Faye B

With only 8 states taxing SS payments, why not list them for us? A slide displayed for 3-5 seconds would be fine! Comment from : Mark L

Most of us get less than $25,000 from our SSI, and even if we have a small pension it is still less than $30,000 so this video is about people who are much more wealthy than I Tax the Rich! Comment from : Robert Zantay

Congress Approves increase in Congress's retirement Comment from : John Carnettie

I called my Congressman and asked him to support and co-sponsor HR 3206 I also plan to call all the members of the Social Security subcommittee in Ways and Means to request they move this bill forward and pass it It's such a no-brainer, not at all controversial, and not remotely partisan A very simple 2 page bill If my rough math is correct, passing this bill would have a less than 1 impact to the revenue collected by the Federal government Everybody on Social Security should call their HR Representative and request they pass this bill Comment from : Kevin Hayes

Still doesn't deal with lack of funding for SS Major SS cut coming soon No one in Washington really cares Comment from : Francis Campagna

FALSE!! Comment from : Shari Land

May, may, may means won't, won't, won't, Comment from : Ginger

I thought double taxation was illegal Comment from : Bradley VanZile

Will never happen SS is running dry Comment from : Lalit Pandit

You do not have to be a US citizen o collect Medicare Comment from : Renate Wilkinson

So tax exempt income is not really tax exempt Comment from : Dennis S

Hopefully it will pass by 2099 Comment from : daniel hawk

If one takes monthly payments from a qualifying IRA (401K/pension) is it considered in this Provisional Income? Comment from : Juli Lowman

Great information brThanks Comment from : A RB

Than you so much, I was unaware Comment from : Bridgette Pinkelman

I wrote to my House Representative and also my states 2 Senators urging support for thisbrEveryone should do the same - PLEASE!brIf you don't, it wont get passed It's been in the works since 2003 but because nobody ever writes to support it it gets back burner'd Comment from : Cat22

Who pays taxes on Social Security Benefits? I don't? Comment from : Charles

The US is running large deficits to fund entitlement programs Who is going to fund all of this if we keep reducing inflows with tax breaks? Fairness would be to adjust the thresholds when the tax rates take effect, not eliminate it Comment from : Brian Gasser

All seniors should vote Republican, democrats want to tax people to death Comment from : Catalina Woody

This video is a game changer, I have been looking for the best way to increase my income and start up my retirement, but I really do not know much about investments and trading stocks I keep postponing every single day that passes, but I want to begin now How should I start? What do I need to know? Comment from : Richard Mathis

If your employer is able to write off the 50 that they pay into your social security ( the payroll tax) I kind of understand why the feds tax it , but it should never have gone over the 50 of your ss income At the very least they should raise the thresholds, they are way to low Good job explaining Comment from : maccattack

Will this affect taxes on SSDI? Comment from : Arkansas Traveler

Need to make big money pay taxes and not give them all the breaks Comment from : Susan Carroll

Excellent info Comment from : Ray Grogan

Where is the schedule located for upcoming live streams? Comment from : Generic

Also, they need to get rid of the GPO and WEP act Comment from : cindy templer

This would make the SS Trust Fund run out of money sooner The tax paid on SS goes back into the SS Trust Fund, NOT into the general fund Comment from : Jeff Ryman

Only way these assholes are going to increase social security is the take them off of their pension plan and stick them on social security Comment from : William Durant

is money from 401k considered towards Gross Income? Comment from : dragan stosic

Will never happen, unless you get all Congress on board its a non-starter Comment from : Douglas Meyer

increase the monies paid into social security Comment from : mike breidenbach

We were shocked at how expensive Medicare Part B and parts D and N supplements are The costs are much higher than I was paying while working plus we have deductibles and co-pays for drugs and doctor visits Medicare related costs take a huge chunk out of our monthly social security benefits The premiums for parts B and D are subtracted from our SS benefits before we receive them If someone is subject to the IRMAA surcharge, the Medicare costs can get very high Comment from : J T

Well, I'll beI now understand the 50 & 85 thing! After 12 years on SS, I could never wrap my wits around how the calculation was done Your explanation was so clear and so easy to understand I am definitely subscribing to your channel in case you have any other videos that clear up mysteries for me Thanks so much! Comment from : Linda N

what is the name or number of the bill? i may write a letter to my senator Comment from : joe george

sorry, have a separate question about ss, enrollment, im turning 65 next year and plan on taking ss benefits early, is there a ss enrollment timeframe, i mean, how early do i need to enroll for a march of 2024 date??? thanks Comment from : unki3259

Okay everyone here some great news look up "nessara" most taxes Will be eliminated when pres Trump comes back Surprise! Comment from : Thomas Mitchell

It’s not a double tax SS benefits are paid by both employee and employer FICA contributions Your employee contribution is taxed but the employer portion is not because employers actually get a deduction for the half they contribute That justifies the tax on half of your SS payment It’s just like when you contribute to a Roth IRA and your employer contributes a matching amount The matching amount is taxed when you start withdrawing it A similar argument can be made for taxing 85 of SS As explained, the first 50 of the tax is taxing your employer’s pretax contribution and the next 35 is taxing the earnings on your original employee contribution Again, it’s just like you had taken your SS employee contribution and invested it You would still owe tax on the earnings that have accumulated SS is really like a forced defined contribution retirement plan with the difference being the returns are not as good because you’re helping to fund the less fortunate, the disabled, widows of deceased working spouses and their young children Comment from : Eric Ullman

Lift The Wealthy Tax Cap completely! Pass The Social Security Expansion Act Problem solved Comment from : Jay Gold

Enough bills for SS you could cover the whitehouse and still we get nothing Comment from : Blu Blade

We must vote for progressive party Andrew Yang, to end victimization of US tax payers Comment from : Sunny Bhatti

My "Mentor" for everything Social Security related Thanks once again for a very informative video If you're approaching retirement age or already there "Subscribe" to stay on top of federal rules and regulations It can be complicated at times Comment from : DLH

Isn't this strange how the bill comes to mention during Biden's supposed reelection run? Personally, I think it is another lie by Joe Biden and his criminal empire in order of others changing their opinion of and voting for him I would love to be incorrect Comment from : Made with Scraps

It seems like all congress should agree I'd like to see the windfall profit tax repealed Comment from : John Armstrong

We shouldn’t have to pay any tax on the money we receive from SS until we get back all of the $ we sent to SS Comment from : DIY TWOinCollege

SS is a mostly closed system with respect to funding Although income taxation on benefits is not a major source of revenue for the system it is several percent of total Take that away and the system runs out of money before 2034 Comment from : Gary Martin

About time, it’s really unfair to tax SS payments Comment from : S CT

I’m not sure this is a good idea The taxes on SS benefits go to the SS trust fund It’s going to run out of money in 2034 as it is now Comment from : Michael Torrey

When I see videos saying there's a bill being introduced, my first thought is; its just a bill our political parties are sharply divided and the reason we don't see the money being increased, taxes eliminated on ssi etc, is infighting that hurts the elderly and the poor I will believe it only when I see a video saying; hey, it happened! They passed it LOL! Comment from : lonewolf82007

Oh wow great news! $33,000,000,000,000 in federal debt and we’re raising benefits even more Nice job America This is what you wanted Idiots Comment from : Fatty Matty

I'm even more confused Comment from : ray varnson

❤️ Comment from : anita boddington

Eliminating is great If not, the Raise those threshold amounts way up! Comment from : DrBassFace

What asshole comes up with these formulas, and why didn't they take into account that if the government had invested my SSI Tax? I would be a millionaire and probably would not mind paying a small tax on the profits But because all they did was take my money and now, there are no profits, they want to take more of it I am basically ticked off at the Congress and the lawyers and accopu8ntants who have made the federal tax code so freaking complicated Comment from : Jeffrey LaPlante

The real travesty is they never indexed those thresholds with inflation Very few paid taxes on SS in 1986 while most of us do today Comment from : Dennis W

I turned 65 in January I haven't signed up for Medicare yet Do I have to wait for open enrollment to sign up Comment from : Blue horseshoe

Great video Comment from : Poker26

Very thorough explanation about provisional income Comment from : Cruise, Travel, Food & Finance by Vincent Luongo

Just remove the Social Security Tax cap A simple solution that is long overdue Comment from : Stack Silver

With the 87 COLA for 2023 some has reached the income support HR 3206 Comment from : Tim Short

I have been paying fed tax on my husband's ss for 24 years and i am sick of it Comment from : Teresa Pack

praying and crossing my fingers Comment from : Penny Noneman

Excellent, as always! Thank you Comment from : eiko Goldstein

At this point, because of my Social Security + my Pension, I'm paying the IRS If Social Security dropped it, even with my Pension it would be ZERObrNYS doesn't tax either Comment from : Richie Tattersall

Thank you,Sir Comment from : Heather Do

The reason the tax was put in place was to fund social security, they knew that it would end up taxing more and more people, but they also knew that social security was underfunded in the long term Since the law initially didn't affect anyone except the higher income earners, they knew that they could just ignore it and let inflation tax more and more income to help the shortfall to some extent So they just kicked the can down the road, until it gets bad Comment from : James Alias

In Nevada you have to there and I do 12 Comment from : Mark McBride

We've been here in this since 2022 just a bunch of lies well we're losing our homes Comment from : Carrol Clark

Every dollar they increase social security they increase medicare premiums by a dollar twentybrBest raise they could do is stop charging medicare premiums Comment from : crazy squirrel

I live in MT they tax SSI benefits Not fair Comment from : Ke

So it hasn’t passed in over a decade, what is different today? Why do we even think this NOW has a chance of passing this time? It is all political pandering for optics… the illusion of doing something for their constituents I call BS Flag Comment from : John Keogh

It is social security… it should be for those in need… not a beer money for the rich Comment from : That Guy

Sounds like seniors need to put together a tax march together at the white house Comment from : koulin

I'm on SSDI for the rest of my life until I reach retirement age I became disabled in my mid-fifties Because my wife works and makes under $100,000 Still are getting killed by taxes Also I live in Colorado which taxes Social Security benefits about twenty thousand a year I sure hope something is done soon I feel like we are always drowning in taxes Comment from : Scott Heinz

Although, once again, the higher incomes will benifit most from the new legislation That being said, nobody should be double taxed Funny the money has not been going into the SS fund Pass the popcorn Comment from : Rolling Man Cave

Thank the so called great Ronald Reagan for the tax on Social Security A rich guy/republican making working people pay taxes on a tax Nice Don't believe for a moment that congress will illuminate that tax Generates about 50b in revenue Can't tax ebt card, Affordable housing, subsidies on health insurance but can tax the working person all the way to there grave Comment from : Joe

NESARA will make sure seniors are well paid, not Congress Comment from : TonyStormcloud

Why does it matter that I continue to work if it's just a retirement distribution? Who came up with that idea? Comment from : Gary Pierce

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