We need to remove the most unfair, most anti-work, most anti-saving provisions of the tax code – ones that burden the middle class. Roughly 90 percent of seniors begin collecting Social Security benefits before they reach the full retirement age. The Social Security benefits tax is a misnomer. If a senior has only Social Security income, no tax is owed. They also pay taxes on “tax exempt” securities – taxes that no one else has to pay.
Source: Forbes December 17, 2019 12:45 UTC