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Picture of jljones
posted Hide Post
quote:
Originally posted by P220 Smudge:
I'm still going to say it's horseshit that an unelected person torpedoed the will of the people and our elected representatives. D


Should the Reconciliation process be allowed to add items to the NFA without full Congressional approval? The next time that the Dems are in charge, should they be to add “assault weapons” or “high capacity magazines” to the NFA by means of reconciliation? If the Parliamentarian strikes it (due to not being legal) should Hakiem Jeffries be able to replace with a friendly one that will allow it?




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Posts: 37741 | Location: Logical | Registered: September 12, 2004Reply With QuoteReport This Post
I'd rather be hated for who I am than loved for who I am not
posted Hide Post
If it does everything it says I should be happy. But I just dont trust them... No tax on SS, tips, and OT should have been easy.. Stop taking the the money!! Instead we get to give them a no interest loan for the year and get a portion of it back Mad

last year I got a 500 tax credit for property taxes. they couldnt just give it to everyone you had to fill out a request online. When I got the tax bill I recieved the 500 dollar credit and under it was a "Special Special" for 600.00.
 
Posts: 8029 | Location: Bismarck ND | Registered: February 19, 2003Reply With QuoteReport This Post
Honky Lips
Picture of FenderBender
posted Hide Post
I stand with Thomas Massie, his record and positions have never wavered from his commitment to freedom, pro America, and pro American.

However, I love dunking on the dems with with this bill and will enjoy watching them gnash their teeth and scream like morons, for the next little while. As we're coming up on a year of them having no visible plan or leaders coming forward I'm not sure what they can do to survive. I say this understanding they're the oldest political party in the world and have held just about every position at some point in time.


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The point is, who will stop me?
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Posts: 8483 | Location: Great Basin | Registered: July 24, 2009Reply With QuoteReport This Post
Member
Picture of abnmacv
posted Hide Post
Many parts a step in the right direction. Tax breaks for the ultra-rich is a terrible idea. If they can't live on $10,000,000 let them pay at a higher rate.


U.S. Army 11F4P Vietnam 69-70 NRA Life Member
 
Posts: 1766 | Registered: June 11, 2005Reply With QuoteReport This Post
When you fall, I will be there to catch you -With love, the floor
posted Hide Post
quote:
Originally posted by jgerge222:
Does this mean that if I receive $36000 in SS benefits, that I would only be taxed on $30000 of it?


Read if quickly but it depends on the total taxable income. I seem to remember over 150K phases it out.


Richard Scalzo
Epping, NH

http://www.bigeastakitarescue.net
 
Posts: 5827 | Location: Epping, NH | Registered: October 16, 2004Reply With QuoteReport This Post
When you fall, I will be there to catch you -With love, the floor
posted Hide Post
quote:
Originally posted by jgerge222:
So our tax attorneys and accountants will figure out the new laws, and NO taxes on S.S. turned into something more confusing for normal minded curmudgeons?


Eliminating taxes on social security is extremely difficult regardless of party due to clauses built into the bill.


Richard Scalzo
Epping, NH

http://www.bigeastakitarescue.net
 
Posts: 5827 | Location: Epping, NH | Registered: October 16, 2004Reply With QuoteReport This Post
Partial dichotomy
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Thank God Donald Trump is our president and not Kamala Harris!

He works his ass off every day and far more hours a day than the average human. He deserves every bit of praise coming his way. He cares about this country more than any other president I've seen and despite some shortfalls in this bill, I believe it will bring in a golden age of the United States.

Give the Man and this bill a chance.




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Posts: 40274 | Location: SC Lowcountry/Cape Cod | Registered: November 22, 2002Reply With QuoteReport This Post
Member
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From what I read I gather that the social security break will come at year end filing. And you won’t receive it if you applied for social security prior to turning 65.
 
Posts: 504 | Location: Greenfield, IN | Registered: December 29, 2014Reply With QuoteReport This Post
Member
posted Hide Post
quote:
Originally posted by phil in indy:
From what I read I gather that the social security break will come at year end filing. And you won’t receive it if you applied for social security prior to turning 65.


As a former SSA employee the subject interests me. So as a result I have read several articles on the bill and it's affect on Social Security. My understanding from my reading is you are correct that the bill will have no affect at all on you if you are currently under 65, even if you are collecting SS benefits. Your tax liability remains unchanged. However I do recall reading that if you are CURRENTLY over 65, the law does apply to you, regardless of when you began collecting SS benefits. So say you began collecting SS disability benefits 10 years ago, but you are now over 65 and your benefits have converted to regular SS (that happens automatically) then you WILL qualify for the deduction.
----------------------------------------
From what I read I gather that the social security break will come at year end filing.
----------------------------------------

You are correct. But this requires some explanation. I read an interesting article that tried to answer the question - why didn't they just make it simple and say in the bill in clear plain English - no more taxes on SS. Here's why. There is some sort of law that requires Congress to jump through various hoops before they make any changes in SS benefits. That includes eliminating taxes on SS. Different committees in Congress have to hold hearings. You have to allow public comment etc etc. Just a lot of hoops to jump through. The way the bill was written is structured so it is legislatively a 100 percent tax bill, not a SS bill. This avoided the legislative hoops. Kind of like you have two roads to get to the same destination. Both get you there. One is longer, but they get you to the same destination. Supporters are saying that the bill eliminates SS taxes for 90 percent of beneficiaries. I have no issue with anyone saying that. But that explains why it's not a clean no taxes on SS benefits bill.
 
Posts: 1144 | Location: New Jersey  | Registered: May 03, 2019Reply With QuoteReport This Post
His Royal Hiney
Picture of Rey HRH
posted Hide Post
quote:
Originally posted by NapoleonSolo:
Tax on my Social Security this year cost me over 9k in taxes as I am still working. Woo Hoo I hit the jackpot along so many millions of people who have more than paid their dues.


I don't know. I thought it was no tax on social security but it's just an additional standard deduction for seniors. So if you use the standard deduction, it's a help. If you use itemized deductions, it doesn't help. I would have rather they increased the percentage of your social security that isn't taxed.



"It did not really matter what we expected from life, but rather what life expected from us. We needed to stop asking about the meaning of life, and instead to think of ourselves as those who were being questioned by life – daily and hourly. Our answer must consist not in talk and meditation, but in right action and in right conduct. Life ultimately means taking the responsibility to find the right answer to its problems and to fulfill the tasks which it constantly sets for each individual." Viktor Frankl, Man's Search for Meaning, 1946.
 
Posts: 20834 | Location: The Free State of Arizona - Ditat Deus | Registered: March 24, 2011Reply With QuoteReport This Post
His Royal Hiney
Picture of Rey HRH
posted Hide Post
quote:
Originally posted by Fed161:

As a former SSA employee the subject interests me. So as a result I have read several articles on the bill and it's affect on Social Security. My understanding from my reading is you are correct that the bill will have no affect at all on you if you are currently under 65, even if you are collecting SS benefits. Your tax liability remains unchanged. However I do recall reading that if you are CURRENTLY over 65, the law does apply to you, regardless of when you began collecting SS benefits. So say you began collecting SS disability benefits 10 years ago, but you are now over 65 and your benefits have converted to regular SS (that happens automatically) then you WILL qualify for the deduction.
----------------------------------------
From what I read I gather that the social security break will come at year end filing.
----------------------------------------

You are correct. But this requires some explanation. I read an interesting article that tried to answer the question - why didn't they just make it simple and say in the bill in clear plain English - no more taxes on SS. Here's why. There is some sort of law that requires Congress to jump through various hoops before they make any changes in SS benefits. That includes eliminating taxes on SS. Different committees in Congress have to hold hearings. You have to allow public comment etc etc. Just a lot of hoops to jump through. The way the bill was written is structured so it is legislatively a 100 percent tax bill, not a SS bill. This avoided the legislative hoops. Kind of like you have two roads to get to the same destination. Both get you there. One is longer, but they get you to the same destination. Supporters are saying that the bill eliminates SS taxes for 90 percent of beneficiaries. I have no issue with anyone saying that. But that explains why it's not a clean no taxes on SS benefits bill.


But that's only an additional deduction for senior, right? it only benefits people who use the standard deduction. For people who itemize deductions, it doesn't really help, right?



"It did not really matter what we expected from life, but rather what life expected from us. We needed to stop asking about the meaning of life, and instead to think of ourselves as those who were being questioned by life – daily and hourly. Our answer must consist not in talk and meditation, but in right action and in right conduct. Life ultimately means taking the responsibility to find the right answer to its problems and to fulfill the tasks which it constantly sets for each individual." Viktor Frankl, Man's Search for Meaning, 1946.
 
Posts: 20834 | Location: The Free State of Arizona - Ditat Deus | Registered: March 24, 2011Reply With QuoteReport This Post
women dug his snuff
and his gallant stroll
posted Hide Post
quote:
Originally posted by Ronin101:
If it does everything it says I should be happy. But I just dont trust them... No tax on SS, tips, and OT should have been easy.. Stop taking the the money!! Instead we get to give them a no interest loan for the year and get a portion of it back Mad

Thank you for posting this. I wanted to post something similar last night, but figured I would be called out for being a wet blanket or some other such nonsense.
 
Posts: 10851 | Registered: August 12, 2002Reply With QuoteReport This Post
Thank you
Very little
Picture of HRK
posted Hide Post
Well even though the NFA fees are going to be zero a group is filing suit to overturn the NFA...


BREAKING: 2A Groups Sue to Kill NFA After Trump Bill Passes
in News
Published On: July 3, 2025 Updated: July 3, 2025 BY Larry Z
Estimated reading time: 3 minutes

The National Firearms Act might finally be staring down its executioner.

Gun Owners of America (GOA) just announced plans for what it’s calling the “One Big Beautiful Lawsuit” to tear down the NFA’s remaining registration mandates. This comes as President Trump is expected to sign the “One Big Beautiful Bill” into law, zeroing out the $200 tax on suppressors, SBRs, SBSs, and AOWs.

GOA has long argued the NFA’s registration mandates are unconstitutional and violate the Second Amendment.

Link
 
Posts: 25884 | Location: Gunshine State | Registered: November 07, 2008Reply With QuoteReport This Post
Staring back
from the abyss
Picture of Gustofer
posted Hide Post
quote:
Originally posted by Fed161:
My understanding from my reading is you are correct that the bill will have no affect at all on you if you are currently under 65, even if you are collecting SS benefits.

So those of us under 65 who haven't begun receiving our SS will not benefit from this? Or we will benefit from it once we begin collecting SS (provided we are over the age of 65)?


________________________________________________________
"Great danger lies in the notion that we can reason with evil." Doug Patton.
 
Posts: 21562 | Location: Montana | Registered: November 01, 2010Reply With QuoteReport This Post
Peace through
superior firepower
Picture of parabellum
posted Hide Post
quote:
Originally posted by HuskySig:
...but figured I would be called out for being a wet blanket or some other such nonsense.
Well, isn't it? Let's be honest. Would you rather that this provision was not in the bill? Think of what we could have right now- the bill could have failed or, much worse, we could have Kamala Harris as president. The same goes for laments about the NFA changes we got, versus what would have been ideal. Time to count our blessings.


____________________________________________________

"I am your retribution." - Donald Trump, speech at CPAC, March 4, 2023
 
Posts: 112036 | Registered: January 20, 2000Reply With QuoteReport This Post
women dug his snuff
and his gallant stroll
posted Hide Post
quote:
Originally posted by parabellum:
quote:
Originally posted by HuskySig:
...but figured I would be called out for being a wet blanket or some other such nonsense.
Well, isn't it? Let's be honest. Would you rather that this provision was not in the bill?

It's 100% better than nothing. But if employers can track Social Security taxes for employees and determine when the maximum threshold has been reached, it would be trivially easy for employers to do the same thing with overtime taxes. Doing so would leave more money in the pockets of the employees/taxpayers each pay period. I would 100% bet that you're a better steward of your money decisions than .gov.
 
Posts: 10851 | Registered: August 12, 2002Reply With QuoteReport This Post
No, not like
Bill Clinton
Picture of BigSwede
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Watching DJT's speech for the signing



 
Posts: 6173 | Location: GA | Registered: September 23, 2009Reply With QuoteReport This Post
Member
Picture of 229DAK
posted Hide Post
quote:
So those of us under 65 who haven't begun receiving our SS will not benefit from this?
How can you get the social security tax break if you're not receiving social security?


_________________________________________________________________________
“A man’s treatment of a dog is no indication of the man’s nature, but his treatment of a cat is. It is the crucial test. None but the humane treat a cat well.”
-- Mark Twain, 1902
 
Posts: 9754 | Location: Northern Virginia | Registered: November 04, 2005Reply With QuoteReport This Post
No, not like
Bill Clinton
Picture of BigSwede
posted Hide Post
Done!


Thank you Mr. President

You have saved our Republic from certain doom



 
Posts: 6173 | Location: GA | Registered: September 23, 2009Reply With QuoteReport This Post
Peace through
superior firepower
Picture of parabellum
posted Hide Post
It's the law now, baby, and all the efforts of the left have failed, and by that I mean not only this bill, but all of their efforts to keep the man out of office for his second term. You can bet that they are seething right now, and it is wonderful.


____________________________________________________

"I am your retribution." - Donald Trump, speech at CPAC, March 4, 2023
 
Posts: 112036 | Registered: January 20, 2000Reply With QuoteReport This Post
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