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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: epicure who wrote (155309)	1/29/2011 7:04:28 PM
From: Dale Baker	Read Replies (1) \| Respond to of 541990

Anyone who has prepared a tax return for a SS recipient with other income can tell you about the bizarre formula they use to decide how much of your SS income is taxable (presumably none with no other income). In effect, they reduce your net benefits if you are earning other income. No reason that couldn't be extended to the point where all of your benefits are canceled out in your taxes once you make more than a certain threshold whether that's $100K, $150K or whatever. Simple and effective. Keep the system solvent for those who need it. Someone making $150K in retirement won't miss the few grand net they are getting now.