Trump's Social Security Tax Cut Is An Economic Nightmare
When the tax law changed with respect to the taxation of Social Security benefits in 1983 it should…
In case anyone still thinks there is much difference between the parties...
It was President Reagan [R] who began taxing of 50% of a single taxpayer's Social Security benefits if their income exceeded $25,000...and that income maximum was NOT indexed to inflation.
It was President Clinton [D] who moved that up to taxing of 85% of a single taxpayer's Social Security benefits if their income exceeded $34,000...and that income maximum was (again) NOT indexed to inflation.
In addition, Medicare is sneak-taxed to lower your Social Security benefits so when inflation adjustments to Social… Read more
Here are the top political news stories for today.
Be the first to reply to this agreement.
Join in on more popular conversations.