Tips are still taxed. Overtime is still taxed, and so is Social Security. The tax cuts will not create jobs, and the middle class gets virtually nothing from the tax cuts for the rich. Donald Trump didn’t strengthen Social Security. He pushed it closer to insolvency. According to the Tax Policy Center: The Social Security actuary projects the 2025 budget law Congress passed in July will accelerate insolvency of the program’s retirement trust fund from early 2033 to late 2032.