Donald Trump posted on Truth Social, No Tax on Social Security! That will make so many of our elder citizens so happy and give them a better quality of life. Social Security for the elderly and disabled is not welfare. They earned it with money that was already taxed.
“Like the other two, TIPS AND OVERTIME, No Tax on Social Security is being done also, but in a different form, a large deduction after which many will have no tax to pay. Thank you!” Trump wrote.
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“They earned it with money that was already taxed.”
I voted for him, but I never waste a chance to call him an idiot, if not a liar. FICA is calculated against your GROSS wages. It is taken before taxes. Your SS money has never been taxed, typically.
He really is something else…
No, it’s part of our gross income. Besides, it’s our money they get interest on for decades or they waste it and then they dole it out as if it were a gift.
Oh boy the refund is going to be yuge! Yeah right, oh well thank you President Trump, feel free to have a Trump in the Oval Office for next 24 years!!