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PATAX
Level 12
October 31, 2024
Solved

The Perpetual Social Security Lie

  • October 31, 2024
  • 3 replies
  • 14 views

I recently saw an ad in which it is claimed that President Donald Trump is going to cut Social Security if he is elected. For as long as I can remember, this claim has been made in presidential elections. But guess what? Every single year when clients come in and bring in their 1099 SSA forms, I have never seen one client have their social security cut. Not one. Including the four years when President Trump was in office.

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Best answer by PATAX

@TaxGuyBill you may be right concerning your last paragraph, but I guarantee you that is not what the average person thinks when they see ads like this over the years. The average person thinks that their social security check is going to get cut.

3 replies

IRonMaN
Level 15
October 31, 2024

And every year the Democrats are going to take your guns away.  All of this political nonsense is crazy.  Both sides have their political PACs pouring endless amounts of money into elections.  How big of a dent could the country make in homelessness if they just turned all of those dollars wasted on political advertising into building affordable housing?  Instead of elections maybe each candidate should be forced to do something like play Monopoly against the folks that want to run against them.  It would be like the World Series - the best out of 7 games is your new elected president or senator.  If Monopoly is too complicated maybe they could go for a few rounds of rock-paper-scissors to determine a winner.

Slava Ukraini!
Level 15
October 31, 2024

Why would you believe ANY political advertisement?

ALL of them that say something negative about the opponent are intentionally misleading.

 

In regards to Social Security being cut, "cut" doesn't necessarily mean everybody's benefits would be reduced.  It could mean that only certain taxpayers' benefits would be reduced (for example, high income taxpayers).

PATAX
PATAXAuthorAnswer
Level 12
October 31, 2024

@TaxGuyBill you may be right concerning your last paragraph, but I guarantee you that is not what the average person thinks when they see ads like this over the years. The average person thinks that their social security check is going to get cut.

Level 15
October 31, 2024

@PATAX wrote:

but I guarantee you that is not what the average person thinks when they see ads like this over the years.


 

As I said before, why would you believe ANY political advertisement?  ALL of the negative ads are intentionally misleading people.

qbteachmt
Level 15
November 1, 2024

"I have never seen one client have their social security cut"

As they say in Reddit: Tell me you're old without telling me you're old.

You have clients who no longer have the option to "file and suspend." This was outlawed in 2016.

You no longer have the option for a restricted application. Spouses born after January 1, 1954 are no longer eligible to file a restricted application.

Both of these strategies being cut effectively cuts some family's Social Security retirement income by half, for their first few years.

You have clients with full retirement ages out past 65, now.

 

Don't yell at us; we're volunteers
IRonMaN
Level 15
November 1, 2024

There you go ruining a perfectly good post by adding facts to the equation.  😜

Ok, as long as we are going with facts, the Democrats did take your guns away in 1994 ------- well, they took away 50 round clips anyway.  But they did give them back a few years later.  Everybody knows you can't defend your home in case a platoon of criminals tries breaking into your home.

Slava Ukraini!