A big benefit of the Trump Social Security proposal is that it rewards seniors - who have already spent a lifetime paying into the system -if they continue to work and invest.
Former President Donald Trump threw another curveball into the presidential race this week by suggesting that Social Security benefits should not be taxed. Just as with the Trump idea earlier this summer to stop taxing tips, Democrats are publicly objecting and privately wondering: why didn't we think of this ourselves? Many Democrats have in the past supported this policy through a plan called "You Earned It, You Keep It.
Young workers would get three times the benefit they are scheduled to get when they retire. CLICK HERE TO READ MORE ON FOX BUSINESS A big benefit of the Trump proposal is that it rewards seniors - who have already spent a lifetime paying into the system -if they continue to work and invest. Right now, the tax on working for seniors can be well over 50 percent or more of their paycheck. This is because they pay regular income tax on the earnings plus the tax on the benefits.
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