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<\/a><\/p>\nAccording to a new study, billions in federal revenue could be added in addition to thousands of jobs if the exclusion of Social Security benefits<\/a> from taxable income is scrapped.<\/p>\n The Tax Foundation<\/a>, a free-market oriented group, claimed in findings that eliminating that tax break<\/strong> as part of a tax reform<\/strong> effort, and taxing all Social Security benefits<\/strong>, may add $19.5 billion to government coffers and create close to 12,000 full-time jobs.<\/p>\n (Related:\u00a0Will You Lose Medicare or Medicaid If You Leave the Nursing Home to Visit Family?<\/a>)<\/p>\n The economy could grow by $30 billion and add close to 180,000 jobs if the funds acquired from eliminating that tax expenditure were funneled into lower overall tax rates by 1.9 percent.<\/p>\n \u201cSocial Security benefits are currently taxed in a very odd manner,\u201d said Tax Foundation Senior Fellow Stephen J. Entin. \u201cThe economy would be stronger without the tax, or if it were levied in a less destructive (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" According to a new study, billions in federal revenue could be added in addition to thousands of jobs if the exclusion of Social Security benefits from taxable income is scrapped. The Tax Foundation, a free-market oriented group, claimed in findings…<\/span><\/p>\n