If you have high enough income to pay taxes I don’t see why SS should be exempt.
Most people don’t understand that without any changes to the system, in about 10 years the SS trust fund will run out of money, and everyone will take an 18% cut.
And our elected officials keep making the 2030s' shortfall worse -- last year with the elimination of windfall adjustments, now by eliminating benefit taxes. More generally by not doing anything to reform the system even though shortfalls have been projected since the 1990s.
We live exclusively on SS retirement benefits. The tax on SS is a complicated mess that makes budgeting hard. Instead of taxing benefits, stop double-dipping, and start means testing the benefits.
If you have high enough income to pay taxes I don’t see why SS should be exempt.
Most people don’t understand that without any changes to the system, in about 10 years the SS trust fund will run out of money, and everyone will take an 18% cut.
And our elected officials keep making the 2030s' shortfall worse -- last year with the elimination of windfall adjustments, now by eliminating benefit taxes. More generally by not doing anything to reform the system even though shortfalls have been projected since the 1990s.
We live exclusively on SS retirement benefits. The tax on SS is a complicated mess that makes budgeting hard. Instead of taxing benefits, stop double-dipping, and start means testing the benefits.
Neither temporary or permanent. SS should be taxable just like any other income.
Who would benefit in the next 4 years from the tax cut? Who would pay for it starting in 8 years?
The irony of wanting politicians to follow through on their campaign promises, lol.