The Price The Middle Class Pay Into Social Security

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

Young Guns - Or Loose Cannons? Extremist Dopes Prepared To Shut Down Government

All I can say is, Democrats better be prepared to obstruct just as vigorously as the Republicans did or they'll be even more unpopular than they are now. As for the Tea Party nutjobs -- well, I just can't wait until they shut down the goverment and have to explain to constituents why their Social Security checks aren't going out:

WASHINGTON—The Senate is likely next year to see the largest group of strong conservatives enter the chamber since 1995, with Republican candidates calling for an end to the minimum wage, a phase-out of federal involvement in education and for challenging federal regulations they say have no foundation in the U.S. Constitution.

Young Guns - Or Loose Cannons? Extremist Dopes Prepared To Shut Down Government

Blogged with the Flock Browser

Wall Street and bankers are robbing us from our lively hood with outrageous housing values falling, high interest rates, extreme fees, and their stealing our retirement benefits. Their doing to us what they did in Mexico, and Chile where the government privatized everything by outsourcing everything to transnational corporations.
 

http://www.thestreet.com/story/10885227/1/retirement-deficit-measured-in-trillions.html