Of that group, 44 percent are claiming tax benefits for the elderly, like an exemption for Social Security payments.
“The basic structure of the income tax simply exempts subsistence levels of income from tax,” TPC’s Roberton Williams writes.[/b:7ad55809c8][/i:7ad55809c8][u][/u:7ad55809c8]
Someone needs to tell that Mr. Williams that Social Security payments are taxable and you can't exempt the from your income.
You pay taxes on Social Security twice. Once when you put money into the program and then the second time (if you're lucky enough that the program is still there when you retire) when you get SS payments.