Source: Independent Institute
by K Lloyd Billingsley
“‘More Americans benefit from public expenditures than pay income taxes,’ contends Adam Mill at American Greatness, a trend accelerated by the response to COVID-19. The real national emergency is a system that ‘encourages people to underachieve and indulge indolence,’ Mill advances a solution: you pay no taxes until you turn 30. … While people of all ages ponder the plan, they might consider a similar deal for people beyond the age of 62, the minimum age for Social Security. The proceeds from this plan are not wages but are still subject to taxation. During his long career in the Senate, Joe Biden voted twice to tax Social Security, which has other limitations people should know.” (05/18/23)