Usually, a sentence that begins “Donald Trump says . . . “ shouldn’t be price ending, and that’s how a latest weblog put up over at jabberwocking.com begins. However end it I did, and it seems that DJT says he desires to remove all federal revenue taxes on Social Safety. Presently, if SS is your solely revenue, there already are not any federal taxes on it. If you happen to make extra revenue above your SS distributions, you may be taxed at regular federal charges on as much as 85% of your SS examine, relying on how a lot extra revenue. The revenue taxes on SS return to the belief fund to increase its life.
So why would Trump help this? As a result of (a) it’s a tax reduce for the rich and (b) it depletes the SS and Medicare belief funds sooner, creating issues for non-wealthy retirees who rely upon these packages. For the American proper, that’s a characteristic, not a bug.
