Breitbart Business Digest: Trump Proposes an End to the Stealth Social Security Tax on Retirees

  • 📰 BreitbartNews
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.

Donald Trump on Wednesday threw a monkey-wrench into the plans of Democrats to claim he wants to cut Social Security when he, but the recent explosion of inflation has highlighted the problems with the current system. And for the first time in living memory, we have a proposed Social Security reform that will actually help seniors pay their bills.. The idea to tax them came out of one of the most dangerous creatures ever to stalk our Republic—the bipartisan reform commission.

The median household income in 2022—the latest data available from the Census Bureau—was $74,580. But those tax thresholds have remained unchanged. So, the tax that once applied only to retirees with incomes above the national average now applies to. The Social Security Administration estimates that around 40 percent of beneficiaries are subject to taxes on their benefits.

. That would mean a significant rise in the thresholds so that once again only wealthier households were subject to the tax. And those thresholds should be indexed to inflation so that the bracket creep is not allowed to occur again.the certainty financial markets have about a rate cut in September—but it also did not do much to push back against that certainty.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 610. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Breitbart Business Digest: The Most Expensive Independence Day — Beef, Soda, Ketchup Prices SkyrocketSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
مصدر: BreitbartNews - 🏆 610. / 51 اقرأ أكثر »

Breitbart Business Digest: ‘The Labor Market Is Supported by Government Payrolls’Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
مصدر: BreitbartNews - 🏆 610. / 51 اقرأ أكثر »

Breitbart Business Digest: Chickenflation — Welcome to the Fast Food Price CrisisSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
مصدر: BreitbartNews - 🏆 610. / 51 اقرأ أكثر »

Breitbart Business Digest: An Inflation Election Will Favor RepublicansSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
مصدر: BreitbartNews - 🏆 610. / 51 اقرأ أكثر »

Breitbart Business Digest: Powell’s Silence Hints Fed Will Stay on HoldSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
مصدر: BreitbartNews - 🏆 610. / 51 اقرأ أكثر »

Breitbart Business Digest: A September Rate Cut Would Trigger Political VengeanceSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
مصدر: BreitbartNews - 🏆 610. / 51 اقرأ أكثر »