Former President Donald Trump reiterated his campaign promise to eliminate taxes on seniors’ Social Security income.
meanwhile Busy Speaking from Wilkes-Barre, Pennsylvania, on Saturday, President Trump criticized Vice President Kamala Harris for copying his own campaign promise to repeal the tip tax.
“To provide economic relief to workers and families, I will make the Trump tax cuts permanent and repeal the tax on tips that she copied,” Trump told the crowd. “As you all know, she said a few days ago, ‘I’m going to repeal the tax on tips,’ and I said, ‘I said that months ago.'”
WATCH: President Trump promises to make Trump tax cuts permanent, eliminate taxes on tips and Social Security pic.twitter.com/lfXciNBk22
— RSBN 🇺🇸 (@RSBNetwork) August 17, 2024
“But one thing she hasn’t done yet,” Trump added: “I will not impose a Social Security tax to help seniors on fixed incomes who are suffering the ravages of the inflation that Crazy Joe and Kamala have created.”
“And I’ll get it done,” Trump added. “I’ll get it done. They won’t. They haven’t even promised you that, but if they did, they wouldn’t get it done.”
President Trump previously announced that he would eliminate taxes on senior citizens’ Social Security income.
“Seniors shouldn’t pay taxes on Social Security!” Trump said post It was published on Truth Social in July.
https://truthsocial.com/@realDonaldTrump/posts/112881452914352595
As Breitbart News’ John Nolte explained, single people with combined incomes over $25,000 could end up paying “standard income tax rates up to $12,500” on their annual Social Security income.
Currently, if you’re single and your total income (Social Security income plus outside work) exceeds $25,000, you may have to pay the standard income tax rate on up to $12,500 of your annual Social Security income. If you’re single and your total income exceeds $34,000, you may have to pay the standard income tax rate of up to 85 percent of that $34,000.
Social Security Administration Website It explains that if a couple’s combined income is “between $32,000 and $44,000,” then “up to 50 percent” of the benefit may be subject to income tax, but if a couple’s combined income is “more than $44,000,” then “up to 85 percent” of the benefit may be subject to tax.
