Thursday, August 1, 2024

Retirement | A Vote For Trump Is a Vote For Your Financial Benefit | Don't Let This Opportunity Pass

Title: Donald Trump calls for elimination of tax on Social Security

Article Snip: "...Former President Donald Trump on Wednesday called for scrapping the tax that seniors must pay on their Social Security checks.

“SENIORS SHOULD NOT PAY TAX ON SOCIAL SECURITY!” the 45th president straightforwardly wrote on Truth Social. ...


Generally speaking, there is a tax of up to 50% tax on one’s Social Security benefits if total income is between 25,000 and $34,000 – and up to an 85% tax on benefits when income is over $34,000, according to the Social Security Administration.

Trump, 78, made waves in his own party earlier this year with his vow to eliminate taxation on tips.

The Republican Party’s platform, which was approved earlier this month and personally written in part by Trump, rules out cuts to Social Security and Medicare, including any potential lifting of the retirement age. ..."

Reference: nypost.com
Trump Social Security Tax Cut for Retirees, Social Security,






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