Representative Thomas Massie Proposing Eliminating Tax on Social Security Benefits
By John Katsanos
Representative Thomas Massie, representing the 4th District of Kentucky has introduced HR. 3894, known as The Senior Citizens Tax Elimination Act. The Bill seeks to Permanently end the Income Tax on Social Security Benefits.
Cosponsors include Representative Jim Bridenstine of Oklahoma, and Congressman Desantis from Florida.
“Seniors have already paid tax on their Social Security contributions, so taxing Social Security is double-taxing by the Federal Government,” said Massie. “Taxing Social Security reduces benefits to seniors.”
Rep. DeSantis said, “Congressman Massie’s bill blows the whistle on the federal government for double taxing the Social Security benefits of senior citizens. Individuals already pay taxes to support Social Security, so there is no reason why these earned benefits should be taxed on the back end.”
This Legislation States that “Social Security benefits would neither be taxable nor reportable on individual tax returns
Representative Massie also stated that “Taxing these benefits is an accounting sleight of hand that redistributes portions of the Social Security trust fund to other areas of government”.
Representative Thomas Massie has proposed in my opinion Major Tax Relief for all Senior Citizens who have diligently labored their entire life, and don’t deserve to be taxed again on their Earnings.
Just think of what Senior Citizens can do with the extra disposable income.
The Senior Citizens Tax Elimination Act is a Great piece of Legislation that every legislator needs to support.
Greenville Post – Breaking News & Analysis | Serving Greenville, SC
Source: http://www.thegreenvillepost.com/2014/01/22/representative-thomas-massie-proposing-eliminating-tax-social-security-benefits/
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