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cover of episode No tax on Social Security? Not quite.

No tax on Social Security? Not quite.

2025/7/2
logo of podcast Marketplace Morning Report

Marketplace Morning Report
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People
H
Hugo Remy
K
Kerry Nicholson
M
Matt Johnson
N
Nancy Marshall-Genzer
S
Susan Schmidt
T
Tim Noblett
Topics
Nancy Marshall-Genzer: 新的税收法案为65岁以上的人提供额外的临时税收减免，但它不仅仅针对社会保障金，而是适用于老年人的所有收入。这项减免会随着高收入纳税人的收入增加而逐渐减少。最低收入的老年人因为已经无需为社会保障金缴税，所以不会受到影响。然而，这项法案可能会加速社会保障和医疗保险的破产，导致福利全面削减约24%。这意味着虽然一些老年人可能会在短期内受益于税收减免，但从长远来看，整个社会保障体系可能会受到威胁，所有依赖社会保障金的人都可能面临福利减少的风险。

Deep Dive

Chapters
The House is voting on a bill that includes a new temporary tax deduction for seniors, impacting how much they pay in taxes on Social Security benefits. While many seniors may see tax relief, the bill could also accelerate the insolvency of Social Security and Medicare.
  • New temporary tax deduction for seniors (up to $6,000 depending on the bill version)
  • 88% of seniors may not pay taxes on benefits if the bill passes
  • Bill could hasten Social Security and Medicare insolvency by a year

Shownotes Transcript

The House of Representatives could vote as soon as today on President Donald Trump’s big tax and spending bill. Trump says the legislation gets rid of taxes on Social Security benefits, but it’s not quite that simple. We'll unpack. Then, we’ll discuss this morning’s surprisingly weak private payroll data. And, we'll travel to London ahead of the city's Pride festival, which has been hit by declining corporate sponsorship.