Let me be clear: anyone who gets Social Security alone, even the maximum of $5108 per month, pays no income taxes. That means a couple could bring in $122,000 a year in Social Security, and owe zero federal taxes.

Add in the standard deduction, and the use of Qualified Dividends or Long-Term Capital Gains, and there's another $30K+ of tax-free income in retirement.

Tax-planning as a kid is easy; as a retiree or near-retiree, it's a jungle. But the more you've contributed to all kinds of retirement plans, the more quills in the quiver.

" What "news" outlets are lying to you?"

Or, more to the point, why do you respect news outlets that don't respect you enough to tell you the actual truth???

" poor people dependent on social security will get a large tax cut"

No they won't. Not a penny.

Those fully dependent on Social Security pay NO federal taxes as it is. The idea that 80% who get SS won't be taxed on it pales when you learn 64% already don't pay income tax on their SS.

What "news" outlets are lying to you?

" while the richest 10% of Americans will see their income increase by $13,600 from tax cuts."

Meanwhile, the average billionaire will save over a million dollars a week.

" That's a very unique move but the conversion privilege is what's being abused...."

Thiel was doing this before backdoor Roths were imagined.

"reality frightened (SCOTTS) away."

When the original, unbelievable job stats came out, I said they didn't pass the smell test, and I'd wait for something more concrete than preliminary numbers.

He tried to rub my nose in the good numbers, while parading Trump's Excellent Economy!

My guess is he's working on yet another new moniker.

"As only Moscow's translation is available, nothing can be truly verified."

Houston, I think I've discovered the problem.

Thank God our President lowered prices on the first day!!!

Wait.

I mean...

Thank President our God lowered prices on the first day!

" if the Dems had their way and the BBB didn't pass we would be looking at a 20% tax hike."

Only if you're using Republican Math.

What "news" outlet is lying to you about "20%" ... ?

" I don't mean 50%, I mean 14 " 1,500%."

I can't remember which comedian, but...

"In a year, the eight richest people on earth will all be chemo patients."

" another moron that still thinks there is a pee tape "

Maybe not that, but definitely Kompromat.

Agreed?

After Helsinki, and all the feather-taps on the wrist to Putin?

"Something Wicked This Way Comes."

"You have an inept agency that gets it's predictions wrong over 50%"

But with Trump, he's 1,000% wrong, maybe 1,500%.

Numbers not even thought to be achievable.

" New words need to be created to define the ugliness, the hatred, the utter stupid malignancy to strip even the faintest of hopes from dying children."

But, but, but ... billionaires need their tax cuts!!! Have you no empathy for those poor, poor billionaires?!?

" what does that say about blacks everyone is running from?"

It says, "When the equation is against you...you're f^^ked"

When I'm trying to teach my new clients the value of saving money EARLY, I give them what I call The Twin Test:

Let's say you max out your retirement accounts for 25 years. At that point, you say "I'm so tired of saving...I'm never going to save another penny as long as I live!" And your twin says "Saving? That's a GREAT idea! I'm going to max out my retirement account, just like you did!"

How many years will it take the new saver to catch up to his twin?

Lots of folks guess 25 years, or 50...but the new saver wouldn't catch up in a hundred years, or even a thousand. Not ever. Why? The person who saved for 25 years amassed assets which now produce more income annually than the new twin can save. Every year they get further and further apart.

Now change the first savings amount to ~190 years. That's how far behind black "savers" are in America.

" ... s%*#bags like you are only seeing the light because it's now a liability and not the cudgel you were happy to make it for years."
~JPW

(Unrecognized) Newsworthy Flag

"Now tell the class how much the oil in the SPR originally cost us."

How would that change the fact Biden repurchased for less than he sold?

" My name is Ghislaine Maxwell and I did not see Donald Trump have sex with those underaged girls I brought him."

"Especially that fourteen year-old one, and especially ESPECIALLY not that thirteen year old one!"

"Texas is relying on FEMA. State leaders said it should be cut"
~www.npr.org

Well, the answer is easy.

Eliminate NPR.

"Doubt any would close down to SNAP cuts"

One would think it's impossible to flunk Econ 101 with a single statement ... but there it is.

"My President didn't have to drain the SPRs to bring down the price of gas,"

Not quite the flex you think, since Biden repurchased at a lower cost.

" the administration is considering releasing a transcript..."

Will they follow the Trump Rule, and have to pay ten figures if they edit?

"Yes, crimping under the table labor wages will result in increased cost of food. But it will also result in higher wages for American citizens."

That's not what Trump told America. He said he'd be bringing prices down on day one.

NONE of this brings prices down. And the tariffs are nothing but additional taxes paid by American consumers and importers.

"We have plenty of US citizens who will work jobs vacated by deported illegal aliens."

How will you move those workers from harvest to harvest? Or will these just be month-long gigs, and then they're SOL?

"and saved 170B in the process. +150B net savings"

And then cut taxes $5 Trillion.

What's the new total, if you use Actual Math?