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Eko

(7,424 posts)
15. Im not so sure of that.
Wed Mar 6, 2024, 09:14 PM
Mar 6

I dont think we should eliminate it but change the amount where you start to owe taxes on it.
Right now its
File a federal tax return as an "individual" and your combined income* is
Between $25,000 and $34,000, you may have to pay income tax on up to 50% of your benefits.
More than $34,000, up to 85% of your benefits may be taxable.
File a joint return, and you and your spouse have a combined income* that is
Between $32,000 and $44,000, you may have to pay income tax on up to 50% of your benefits.
More than $44,000, up to 85% of your benefits may be taxable.
Are married and file a separate tax return, you probably will pay taxes on your benefits.


I think it should be higher, say 65,000 of combined income is where you have to start to pay for single filers and the others up about the same. Thoughts?

Yes. MOMFUDSKI Mar 6 #1
What plan is that? brooklynite Mar 6 #2
A bill was reintroduced in January. TwilightZone Mar 6 #3
A Bill with seven co-sponsors (none in Leadership) doesn't sound like its going anywhere. brooklynite Mar 6 #6
Not sure how that's relevant. TwilightZone Mar 6 #8
I was think more like a plan the the Democratic Caucus was behind. brooklynite Mar 6 #10
Yes! DBoon Mar 6 #4
The minimum BASE SS payment should be 1500/mo WarGamer Mar 6 #12
+1 leftstreet Mar 6 #37
Obama tried to do that and even Democrats blasted him calling it the "Catfood Commission." Silent Type Mar 6 #20
The "catfood" stuff was around real concern about KPN Mar 6 #43
Very familiar. In fact, since that time there were a few years where we would have fared better. Silent Type Mar 6 #45
Hell yes. We already PAID a tax -- it IS a tax. It always feels like an insult to pay a tax on top of a tax. Hekate Mar 6 #5
SS is not a tax. Nt Fiendish Thingy Mar 6 #11
It is/originates in/ a payroll tax. I distinctly remember it coming out of my pitiful paychecks at age 15. Hekate Mar 6 #19
Not everything withheld from your paycheck is a tax Fiendish Thingy Mar 6 #21
Indeed, and for which I get taxed when I draw on it. I knew I could count on someone to quibble. Hekate Mar 6 #24
Pretty sure the money comes out of your paycheck pre tax. Eko Mar 6 #27
Not true Thunderbeast Mar 6 #31
Not on my paystub or W2. Eko Mar 6 #33
I don't receive SS, and am not sure if it's actually insurance, but FICA means Federal Insurance Contributions Act. ancianita Mar 6 #39
TY Hekate Mar 6 #41
That isn't so. Captain Stern Mar 7 #66
No it isn't Freddie Mar 10 #79
FICA is a payroll deduction. dlk Mar 10 #80
True Freddie Mar 11 #81
I'm on SS too - I don't resent being taxed for income I receive Fiendish Thingy Mar 6 #32
The Social Security Adminstration says it's a tax. Mariana Mar 7 #60
The idea is to stop taxing social security. Demsrule86 Mar 7 #69
The deficit would soar Fiendish Thingy Mar 7 #72
I agree. It's BS bamagal62 Mar 6 #18
Don't we wish samplegirl Mar 6 #7
Bullshit website - Dems do not plan to eliminate taxes on SS. Fiendish Thingy Mar 6 #9
Oh, yes. Baitball Blogger Mar 6 #13
The house and senate in 1986. jimfields33 Mar 6 #28
Yes. Most PlutosHeart Mar 6 #14
Im not so sure of that. Eko Mar 6 #15
Exactly. Those are the same limits they used when TexasBushwhacker Mar 6 #26
YES! N/t CousinIT Mar 6 #16
It's a fundraiser disguised as a push-poll. Igel Mar 6 #17
Tax on Social Security is a double tax. usonian Mar 6 #22
Yep. It's a crap shoot if one can actually claim what they & their companies contributed into it. TheBlackAdder Mar 6 #23
Of course... Happy Hoosier Mar 6 #25
Retirement income is taxed? Aussie105 Mar 6 #29
Right now Rebl2 Mar 6 #30
No. I am required to collect SS at my age although I still work. I am pleased to pay taxes... NNadir Mar 6 #34
Income taxation of SS benefits... surfered Mar 6 #35
As I am now of the age, I could receive said benefit (I am not taking it for 5 years) liberal N proud Mar 6 #36
Given how heavily they're about to fall on other Boomers, oh yes. Warpy Mar 6 #38
Hell yess! Nt Trueblue Texan Mar 6 #40
yes, early stupid ronald raygun attempt to privatize . we need to have a wealth tax again. AllaN01Bear Mar 6 #42
Yes! AllyCat Mar 6 #44
Ain't gonna happen. Another irritant, those of us still working into 70s paying SS tax Silent Type Mar 6 #46
Sorry, duplicate. Silent Type Mar 6 #47
Big YES tosh Mar 6 #48
It's a tax on the tax dlk Mar 6 #49
So are sales taxes MichMan Mar 10 #75
I wish they would do it in Canada as well. Bev54 Mar 6 #50
No AkFemDem Mar 6 #51
Yes! Poor people like me get to pay into the feds because of this taxation. onecaliberal Mar 6 #52
Yes. SSI is a big part of my personal income. marble falls Mar 6 #53
I gotta tell ya, that form looks like some sort of phishing activity Stinky The Clown Mar 6 #54
yes. but we need to fix ss fubding. we kill the cap + lower the %. greenspan's biggest fuckup. pansypoo53219 Mar 6 #55
Absolutely. greatauntoftriplets Mar 7 #56
Yes rainy Mar 7 #57
FUCK YES!!!! Ferrets are Cool Mar 7 #58
It was never income and should never have been taxed. bullimiami Mar 7 #59
Damn right! Bayard Mar 7 #61
Yes H2O Man Mar 7 #62
That's like asking the poor to support a tax cut for the higher classes Kaleva Mar 7 #63
No not unless the cap is raised to offset the loss of revenue standingtall Mar 7 #64
Exactly TheRealNorth Mar 7 #71
Illinois North Shore Chicago Mar 7 #65
A means test(?) Jimbo S Mar 7 #67
Yes. Demsrule86 Mar 7 #68
Yes ProudMNDemocrat Mar 7 #70
They think we should do away with SS altogether sellitman Mar 7 #73
I support it with one caveat. If you are paying taxes and not participating walkingman Mar 7 #74
yes pamdb Mar 10 #76
Of course! OLDMDDEM Mar 10 #77
Yes LetMyPeopleVote Mar 10 #78
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