General Discussion
In reply to the discussion: Do you support Democrats' plan to ELIMINATE taxes on Social Security benefits? [View all]Eko
(7,424 posts)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?