1 Change Donald Trump Wants to Make to Social Security That Could Have a Surprising Effect on Retirees
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With President-Elect Donald Trump set to take the Oval Office later this month, millions of Americans can expect a slew of changes in the pipeline for the next four years.Social Security has been a hot-button issue for years, and Trump has already made big promises about the future about the program. However, there's one change he's proposed that could have serious unintended consequences for retirees.During his presidential campaign, Trump promised widespread tax cuts -- from no tax on tips or overtime to cutting federal taxes on Social Security benefits. The latter, specifically, could have a direct impact on millions of retirees, with around 40% of those collecting benefits owing taxes on them.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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