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Eko

(7,561 posts)
15. Im not so sure of that.
Wed Mar 6, 2024, 09:14 PM
Mar 2024

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 2024 #1
What plan is that? brooklynite Mar 2024 #2
A bill was reintroduced in January. TwilightZone Mar 2024 #3
A Bill with seven co-sponsors (none in Leadership) doesn't sound like its going anywhere. brooklynite Mar 2024 #6
Not sure how that's relevant. TwilightZone Mar 2024 #8
I was think more like a plan the the Democratic Caucus was behind. brooklynite Mar 2024 #10
Yes! DBoon Mar 2024 #4
The minimum BASE SS payment should be 1500/mo WarGamer Mar 2024 #12
+1 leftstreet Mar 2024 #37
Obama tried to do that and even Democrats blasted him calling it the "Catfood Commission." Silent Type Mar 2024 #20
The "catfood" stuff was around real concern about KPN Mar 2024 #43
Very familiar. In fact, since that time there were a few years where we would have fared better. Silent Type Mar 2024 #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 2024 #5
SS is not a tax. Nt Fiendish Thingy Mar 2024 #11
It is/originates in/ a payroll tax. I distinctly remember it coming out of my pitiful paychecks at age 15. Hekate Mar 2024 #19
Not everything withheld from your paycheck is a tax Fiendish Thingy Mar 2024 #21
Indeed, and for which I get taxed when I draw on it. I knew I could count on someone to quibble. Hekate Mar 2024 #24
Pretty sure the money comes out of your paycheck pre tax. Eko Mar 2024 #27
Not true Thunderbeast Mar 2024 #31
Not on my paystub or W2. Eko Mar 2024 #33
I don't receive SS, and am not sure if it's actually insurance, but FICA means Federal Insurance Contributions Act. ancianita Mar 2024 #39
TY Hekate Mar 2024 #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 2024 #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 2024 #18
Don't we wish samplegirl Mar 2024 #7
Bullshit website - Dems do not plan to eliminate taxes on SS. Fiendish Thingy Mar 2024 #9
Oh, yes. Baitball Blogger Mar 2024 #13
The house and senate in 1986. jimfields33 Mar 2024 #28
Yes. Most PlutosHeart Mar 2024 #14
Im not so sure of that. Eko Mar 2024 #15
Exactly. Those are the same limits they used when TexasBushwhacker Mar 2024 #26
YES! N/t CousinIT Mar 2024 #16
It's a fundraiser disguised as a push-poll. Igel Mar 2024 #17
Tax on Social Security is a double tax. usonian Mar 2024 #22
Yep. It's a crap shoot if one can actually claim what they & their companies contributed into it. TheBlackAdder Mar 2024 #23
Of course... Happy Hoosier Mar 2024 #25
Retirement income is taxed? Aussie105 Mar 2024 #29
Right now Rebl2 Mar 2024 #30
No. I am required to collect SS at my age although I still work. I am pleased to pay taxes... NNadir Mar 2024 #34
Income taxation of SS benefits... surfered Mar 2024 #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 2024 #36
Given how heavily they're about to fall on other Boomers, oh yes. Warpy Mar 2024 #38
Hell yess! Nt Trueblue Texan Mar 2024 #40
yes, early stupid ronald raygun attempt to privatize . we need to have a wealth tax again. AllaN01Bear Mar 2024 #42
Yes! AllyCat Mar 2024 #44
Ain't gonna happen. Another irritant, those of us still working into 70s paying SS tax Silent Type Mar 2024 #46
Sorry, duplicate. Silent Type Mar 2024 #47
Big YES tosh Mar 2024 #48
It's a tax on the tax dlk Mar 2024 #49
So are sales taxes MichMan Mar 10 #75
I wish they would do it in Canada as well. Bev54 Mar 2024 #50
No AkFemDem Mar 2024 #51
Yes! Poor people like me get to pay into the feds because of this taxation. onecaliberal Mar 2024 #52
Yes. SSI is a big part of my personal income. marble falls Mar 2024 #53
I gotta tell ya, that form looks like some sort of phishing activity Stinky The Clown Mar 2024 #54
yes. but we need to fix ss fubding. we kill the cap + lower the %. greenspan's biggest fuckup. pansypoo53219 Mar 2024 #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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