Trump is already going back a promise he did repeatedly during his campaign.

Washington – Donald Trump is already wrapping one of the promises that he repeatedly made to a key voting block to recover the presidency, his vote of eliminating taxes on social security payments of millions of retirees.

“There are no taxes on social security benefits for our older adults,” he told Rallygoers in Prescott Valley, Arizona on October 13. “And you deserve it.”

“We will not have taxes on advice, or taxes on extra hours and no taxes on the benefits of social security for our elders,” he repeated in a demonstration in Greensboro, North Carolina, on November 2.

After winning the November elections and returning to the White House, he has continued with the same promise. As recently as last week, during an interview with News Sean Hannity aboard Air Force One, Trump repeated it once again: “There are no taxes on social security benefits for older people, which is very good.”

In fact, however, Trump and his congress allies offer Social Security recipients a mere fraction of the financial benefit they have promised since last year. Instead of making social security benefits free of taxes, the Republicans of the House of Representatives have included in their expense and tax cuts plan a new tax deduction of $ 4,000 for the elderly, which translates into a real benefit in cash of less than $ 500 for most retirees.

The most accommodated retirees, those who obtain larger social security payments because they had higher income work during their years of work, would have benefited more from Trump’s promise, up to $ 14,153 for those in the highest fiscal triumph and having received $ 45,000 a year in social security payments. Even those with total income of $ 100,000, with $ 45,000 of the Social Security and $ 55,000 of other retirement accounts, would have benefited $ 8,415 per year of “there are no taxes on Social Security.”

According to the current camera plan, the benefits for these retirees would better be $ 1,480 and $ 880, respectively, while the most moderate income retirees would benefit $ 480.

The only retirees that could possibly benefit more from the new tax deduction of $ 4,000 than Trump’s original promise are those that collect little or no social security to begin with.

“It is mainly a bait and a change,” said Jason Furman, professor of Economics at Harvard University and was once an economist at the White House of Obama. “The majority of social security beneficiaries no longer pay taxes on benefits.”

Trump’s White House did not respond to News themezone multiple consultations about the matter.

Julia DeMaree Nikhinson / News

If Trump understands or cares that the new deduction of $ 4,000 is a misery compared to what he had promised is not clear. Over the years, he has shown little interest in the details of the proposals that do not benefit it personally. During the negotiations of the 2017 tax reduction bill, for example, its main interest in expanding legislation was to ensure that the lowest corporate tax rate would also be applied to limited liability companies, such as the hundreds that it uses to administer its various businesses.

The calculation of taxes on social security benefits is complicated due to the rules designed by Congress and implemented by the IRS that collect taxes based on the total income of an individual, but weighing wages and 401 (k) withdrawals more than income from social security checks.

For example, a retiree receiving $ 24,000 of Social Security payments and $ 30,000 of wages or retirement withdrawals would end up $ 11,300 of social security payments classified as taxable and would end up with a adjusted gross income of $ 41,300.

Another retiree with the same total income ($ 54,000, but with $ 45,000 from Social Security and $ 9,000 of other sources would see only $ 3,250 of the Social Security payments classified as taxable and would end up with a adjusted gross income of $ 12,250, a level that does not produce a draft tax for income tax.

It is those people as the first example, those who receive less in Social Security payments because they had lower jobs in their main years of work, which would have been helped by the promise now abandoned by Trump to eliminate taxes on social security payments completely.

Meanwhile, the retiree who won $ 54,000 with $ 45,000 from Social Security would not have benefited at all from Trump’s promise. The one who won $ 54,000 but with only $ 24,000 from Social Security would have received a fiscal benefit of $ 1,356, according to a News themezone analysis.

According to the new plan, that retiree will obtain a fiscal benefit of only $ 480.

“This is much less than” what Trump had originally promised, Furman said. “It was a promise and a stupid policy, so frankly, I don’t care.”