If the government reduced marginal tax rates on Social Security receipts to zero,

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If the government reduced marginal tax rates on Social Security receipts to zero, retirees would not have to pay taxes on their benefits, which would result in them receiving full benefits. This would be beneficial for retirees who rely on Social Security as their main source of income. However, this would not necessarily affect the output of older workers, nor would it decrease the financial cost of the program.

If the Government Reduced Marginal Tax Rates on Social Security