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Tag Archives: trust fund

Trillions in Taxes Dodged by Ultra-Rich Could Fund the Social Security Trust Fund

Without a doubt, there are simpler ways to resolve the funding of Social Security going beyond 2035. Bruce Webb, Dale Coberly, and Angry Bear have discussed the topic enough times. They have also been verbally attacked by others for suggesting the Northwest Plan is a way to secure Social Security up till 2100 or close to it. Social Security belongs to the citizens, the people due to the way it is funded. There is no reason it can not continue to...

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Eliminating taxes on Social Security is a bad idea

Normally, a sentence that begins “Donald Trump says . . . “ is not worth finishing, and that’s how a recent blog post over at jabberwocking.com begins. But finish it I did, and it turns out that DJT says he wants to eliminate all federal income taxes on Social Security. Currently, if SS is your only income, there already are no federal taxes on it. If you make additional income above your SS distributions, you can be taxed at normal federal rates on...

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