TRUMP INCOME TAX

"If Trump wins a second term this year and eliminates income taxes, you could no longer have to pay any federal income taxes on your Social Security benefits." "Trump recently discussed the idea of an “all-tariff” policy in a private meeting with Republican lawmakers, Forbes reported. A formal policy proposal has not been released by Trump or his campaign, but the idea is that if tariffs are high enough, it would offset the need for federal income taxes. Whether such a move is feasible is uncertain. But there’s little doubt it would benefit most retirees, who are taxed in multiple ways on their income and investments. Here are some of the ways retirees currently pay income taxes and how they would be impacted by no taxes."