Is anyone working to change this tax on retirees who are living on a fixed income?

I currently live in Hamilton but am considering moving to Idaho as they do not tax social security benefits. Is anyone working to change this tax on retirees who are living on a fixed income?

The issue of taxing retirees who live on a fixed income is a concern for many, and there are various advocacy groups, policymakers, and legislators working to address it. Here are some key points and ongoing efforts:

  1. Advocacy Groups: Organizations such as AARP (American Association of Retired Persons) and other senior advocacy groups frequently lobby for tax reforms that benefit retirees. They argue for the reduction or elimination of taxes on Social Security benefits, pensions, and other retirement income sources.

  2. Legislative Efforts: In various states and at the federal level, there are ongoing legislative efforts to provide tax relief for retirees. These efforts include:

    • Proposals to increase the income thresholds at which Social Security benefits become taxable.
    • Bills to reduce or eliminate state income taxes on retirement income.
    • Legislation to provide property tax relief for seniors.
  3. State-Level Changes: Some states have already made changes to their tax codes to benefit retirees. For example, states like Florida, Texas, and Nevada do not have a state income tax, which can be beneficial for retirees. Other states, such as Pennsylvania, do not tax retirement income such as Social Security, pensions, and 401(k) distributions.

  4. Public Support and Voting: Public support and voting can influence tax policy changes. Retirees and those advocating for them often engage in the political process, supporting candidates and ballot measures that promise tax relief for fixed-income individuals.

To stay updated on efforts in this area, retirees and those concerned about this issue can follow the work of advocacy groups, stay informed about local and federal legislative proposals, and participate in public discussions and voting processes.