As a tax professional I have been concerned about the taxability of SS benefits for years. The base amount for calculating the taxable amount of benefits has not changed since SS benefits first became taxable in 1984.
As a comparison here is how some other income tax items changed since 1984:
Personal Exemption - up 265%
Standard Deduction, single - up 148%
Standard Deduction, married - up 235%
Taxable Income where highest tax bracket kicks in, single - up 370%
Taxable Income where highest tax bracket kicks in, married - up 135%
YET THE BASE INCOME AMOUNT TO INCUR INCOME TAX ON SOCIAL SECURITY BENEFITS HAS NOT CHANGED AT ALL!
The Middle Class Are Paying Too Much Into Security Security
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