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TallPaul
Lv 4
TallPaul asked in Politics & GovernmentPolitics · 10 months ago

Trump talks about a payroll tax cut. What about people on Social Security?

Update:

Food and medical costs as compared to SS inflation adjustments has caused recipients to fall behind year after year. 

Update 2:

Then, the IRS counts 85% of the benefit as taxable income. WTF? 

4 Answers

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  • Mao Bidden
    Lv 7
    10 months ago
    Favorite Answer

    A payroll tax cut is under consideration for the current pandemic and is likely to be limited for a year or less.  LOL  May happen, may not.  LOL

  • Jackolantern
    Lv 7
    8 months ago

    If you earn a certain amount when you retire, half of your Social Security income is taxed. So, yes, most retired people still pay taxes on SS. 

  • Max Hoopla
    Lv 7
    10 months ago

    They don't pay payroll taxes.

  • ?
    Lv 7
    10 months ago

    Social Security recipients don't pay much in taxes .

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