Call to End Tax on Seniors' Social Security Income

SOURCE www.breitbart.com
Former President Trump called for an end to the tax many seniors pay on their Social Security income, stating that seniors should not pay tax on Social Security. The current tax thresholds are outdated and unfairly impact those with lower incomes.

Key Points

  • The tax thresholds for Social Security income have not been adjusted for inflation since 1984
  • Many seniors have paid taxes their whole life and are now being taxed on their Social Security income
  • Ending the tax on Social Security income could benefit seniors financially and is seen as a fair move

Pros

  • Ending the tax on Social Security income would benefit seniors who have paid taxes their whole life
  • The current tax thresholds are not tied to inflation and are unfair to those with lower incomes

Cons

  • The tax on Social Security income has been in place since 1984 and changing it could have financial implications
  • Some may argue that taxing Social Security income is necessary to fund government programs