Imagine the budget for spending on national defense is going to be reduced. This could result in lower federal income taxes.
Is Social Security taxable after 70 years?
Yes, Social Security is taxable to the government after the age of 70. If you get a Social Security check, it will always be part of your taxable income, regardless of your age.
Is Social Security taxable?
Some people who receive Social Security must pay corporate income tax on their profits. However, no one pays more than 85% of their Social Security benefits.
Learn more about federal income taxes here https://brainly.com/question/1593514
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