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IconoClast
IconoClast
Contributor ⭐⭐
April 23, 2026

What “middle class tax cut”?

  • April 23, 2026
  • 7 replies
  • 1869 views
I'm a retired blue collar worker whose
Federal income tax bill increased by 0.618%!
Income tax 2024 = 8.547%
Income tax 2025 = 9.165%

      7 replies

      SereneSeagull
      SereneSeagull
      Community Champion ⭐⭐⭐
      April 23, 2026

      @IconoClast  Yes.  Looking forward to righting the apple cart.

      GailL1
      GailL1
      Community Champion ⭐⭐⭐
      April 24, 2026

      @IconoClast 

      Did you forget to take the extra $6000 in senior deductions to save yourself some Social Security taxes on benefits?

       

       

      IT‘S ALWAYS SOMETHING . . . . .. . . . Roseanne Roseannadanna
      IconoClast
      IconoClastAuthor
      Contributor ⭐⭐
      April 24, 2026

      I find the question insulting!
      An additional $6000 deduction for us old people does little to mitigate the cost imposed by Ronald Reagan increasing our taxes by eliminating the exemptions from Social Security and unemployment insurance income.

       

      ___________________________________________________ Icono Clast http://IClast.net/ https://www.tumblr.com/blog/view/iclast https://twitter.com/Icono_Clast
        T
        Tonster521
        Community Champion ⭐
        April 26, 2026

        IconClast, it appears you do not understand the value of the Enhanced Deduction for Seniors which is $6,000/$12,000 Single/Married Filing Jointly. It is estimated that approximately 80% or more folks age 65 and older will not pay any federal income tax on their SS Benefits. The deduction is available for folks with Adjustable Gross Income below $75,000/$150,000 Single/Married Filing Jointly. If above this threshold, the deduction is reduced and is phased out at $175,000/$250,000 Single/Married Filing Jointly. 

        FYI, if Single, qualifying for the $6,000 enhanced deduction is equivalent to a $50,000 deduction of taxable income if one is in the 12% tax bracket ($50,000 X .12 = $6,000). There are not many Single folks with SS Benefits that exceed $50,000. Double the math for Married Filing Jointly.

          T
          Tonster521
          Community Champion ⭐
          April 26, 2026

          IconClast, tax rates have decreased since 2018. Also, the Standard deduction and tax brackets are adjusted each year for inflation. Has your taxable income increased?

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