Double-Taxation of Social Security Benefits Targeted Again
Villages-News.com recently provided a recap of H.R. 3971, the Senior Citizens Tax Elimination Act, featuring remarks from the bill’s co-sponsor, Rep. Daniel Webster, R-FL-11. “For decades, seniors have paid into Social Security with their tax dollars. Now, when many seniors are on a fixed income and struggling financially, they are being double-taxed because of income taxes on their Social Security benefits,” Webster said. “This is wrong and I’m pleased to once again co-sponsor this legislation to repeal this tax.”
The report included comments from AMAC founder and president Dan Weber, who has supported the intent of H.R. 3971, stressing that “… taxing the benefits created from taxed earnings is ‘completely nonsensical’ and diminishes the retirement benefits seniors have been promised.”
Rep. Thomas Massie, R-KY-4 reintroduced the bill and has gathered the bi-partisan support of more than a dozen co-sponsors. For access to this Villages-News post, click here…