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Social Security taxesGOBankingRates
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76% Informative
Donald Trump said in a recent interview that he plans to end taxes on Social Security income for seniors.
While this might sound like a good way to save seniors money, it could have detrimental effects on the Social Security program itself.
Only 40% of seniors who are receiving Social Security benefits have to pay taxes on them.
Cutting Social Security taxes could result in a $1.6 trillion deficit in the next 10 years .
Editor’s note on election coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on GOBankingRates.com . More From GOBankingRates This article originally appeared on GOBankingRates.com : Trump Wants To Eliminate Social Security Tax for Seniors: What That Would Mean for Your Wallet and the Economy.
VR Score
74
Informative language
68
Neutral language
67
Article tone
semi-formal
Language
English
Language complexity
53
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
16
Source diversity
5
Affiliate links
no affiliate links