Trump Wants to Eliminate THIS For Seniors

Donald Trump wants to eliminate federal taxes on Social Security.

Frankly, Social Security benefits should NOT be taxed.

Americans are already facing massive inflation – and the last thing they need is to be taxed on money they already paid tax on.

Donald Trump’s plan to remove taxes on Social Security is stirring up new debate among economists and senior voters.

Not surprisingly, many of them are in favor of it.

Take what economist Steve Moore just said on Fox Business…

“The system right now punishes you if you continue to work. You have to pay income taxes, you’re gonna have to pay death taxes when you die, and you’re gonna have to pay a tax on your Social Security benefits. So, often, seniors are paying taxes on their income of over 50%. And so, I think Trump is onto something here.”

Many believe the current tax system unfairly penalizes older Americans who keep working.

Moore says Trump’s plan to eliminate Social Security taxes is a smart political strategy.

And he’s absolutely right.

Here’s another problem with Social Security taxes.

Right now, Social Security recipients earning less than $25,000 individually or $32,000 for couples aren’t taxed on their benefits.

The problem is that those limits were set in the eighties.

And they’ve NEVER been adjusted for inflation.

Plus, why does this country even tax people that are retired living only on SS income?

They likely worked their entire life paying taxes…

And now make a ridiculously low amount of money per month.

Frankly, it’s beyond me.

Unfortunately, while the number of SS recipients reporting that they paid federal income tax on their SS checks has been rising…

… that trend is expected to continue this year when—as the mainstream media says—”retirees have to account for the big payment boost they received last year.”

I’m not sure what big payment boost they’re talking about.

Last year’s COLA might’ve been 8.7%…

But we’ve seen price hikes of 10%… 20%… and even 30% across the board.

So the truth is that this so-called boostdoesn’t even cover the rising costs we’ve seen in the past three years.

That’s why it’s more important than ever to secure your financial future with effective income strategies.

Yours in Wealth,

Ian Wyatt