No Tax On Tips Overtime or Social Security

Discussion in 'Off Topic!' started by M Johnson, Jul 9, 2025.

  1. M Johnson

    M Johnson Mega Poster

    Guess I'm probably in the minority on this one. But nowhere in my mind did I imagine that the definition of NO TAX ON TIPS, O\T & SSI would be an income tax rebate/deduction, especially from the Trump administration.
    I suspect it was those bat rastards in congress that duped me again.:):)
     
  2. Ryan9

    Ryan9 Active Member

    Me to. I was about to sign up for a lot of ot.
     
  3. Solm

    Solm Member

    I am glad President Trump was able to get the Bill passed.
     
  4. 635 G

    635 G Mega Poster

    YOU are not eligible for any of the above if you & your spouse have an AGI over $150K combined
     
    Solm likes this.
  5. Solm

    Solm Member

    instead of forgiving student loans, This could be a better way young people can work and earn money to stay debt-free.
     
  6. 635 G

    635 G Mega Poster

    As a young person this was drilled into my head." interest keeps poor people poor , while it makes rich people richer"--don't buy anything unless you can pay for it without taking out a loan
     
  7. mission6222

    mission6222 Mega Poster

    guess you'll never own a home, or a car. Credit is a great way to improve your life style, and build an equity for the future.
     
  8. 635 G

    635 G Mega Poster

    Owned all our houses no mortgages, ever, currently drive an Audi & the wife has a Mercedes, Bought everything we ever needed with money we saved and earned on the interest it created --dividends & interest have given us a great retirement
     
  9. M Johnson

    M Johnson Mega Poster

    Don't really know how this relates to the topic. But good for you. I'm am quite sure your experience is quite the exception and far from the rule.
    I knew a couple in my youth that practiced that same rule. Of course that was in the 70's and didn't seem impossible.
    For someone like me and mine, who started from zero, it seemed impossible.