Part 4/8:
Another highlighted priority is eliminating taxes on seniors’ Social Security income, which many view as a reasonable step given that these taxes are effectively a “tax on tax.” Historically, Social Security benefits have been taxed based on income thresholds, which many argue have not kept pace with inflation. Speculation exists around whether Trump will aim for complete tax exemption on Social Security or try to adjust these thresholds, signaling a commitment to ensure that seniors keep more of what they earn after retirement.