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Social Security Administration sends misleading email lauding Trump's new tax cuts law
(www.nbcnews.com)
this post was submitted on 05 Jul 2025
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FTA: The ~~standard~~ income deduction has been increased for seniors such that 90% will have their Social Security income completely covered by the deduction, meaning they won't pay taxes on that income.
Edit: Crossed out a word.
The word 'standard' does not appear in the article.
What are you talking about?
This is what is in the article:
But this only even affects people who have both SSI/SSDI and enough additional income to get over that standard deduction + the additional deduction.
https://smartasset.com/retirement/is-social-security-income-taxable
The average social security payout is ~$1980 a month, or $23,760 yearly.
(not sure if thats before or after your $185 medicare deductions, ie premiums, probably before, but w/e)
So... if your only income is Social Security, chances are you never had to pay any taxes on it anyway.
What bumping the deduction does... assuming it is actually as described in the article... means that if you have another source of income, a pension or 401k, a trust paying you out, part time employment, whatever...
Well now you can take more of that money, up to I guess $31k for a single person, before you would start to get taxed.
...
So... woohoo, a fairly small amount of people can now live a life of poverty, instead of abject poverty, until taxes kick in.
For the record, with a 1/3 rent to income ratio, thats uh... now you can move up to $860 from $660 rental.
Or you can factor in that additional $200 a month as the cost of losing your food stamps (whole lot of social security recipients on that) and the just increasing cost of food now that no one is working the fields, because they're scary bad icky brown people who need to all be fed to alligators, apparently.
Oh right and Section 8 was gutted, so a whole lot of Social Security recipients will either be getting kicked out of their housing (section 8 is a subsidy to landlords, many low income land/slumlords will go broke without it) or seeing their rents jacked up.
...
Oh right, theres also the whole... substantially gainful income thing.
If you're on Social Security, see this tax deduction cap being raised, and then go get additional income?
Well, now you may not qualify for any payments from Social Secuirty anymore, at all.
SGI calculations and codes are waaaay too complex for me to summarize here, but arguably thats the point, to confuse the shit out of people and then either discourage them from economic activity, or just kick them off the benefits.
...
Also also, just for fun... that average of $1980 a month, average Soc Sec payout?
Assuming a month with 4 solid weeks, 40 hrs a week... thats $12.38 an hour, thats what you're living off of.
I don't even think you can get a full meal at McDonalds for one hour of that anymore.
Until they expire.