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re: 'You earned it, you keep it act' bill would eliminate taxes on Social Security

Posted on 2/9/24 at 7:33 am to
Posted by The Maj
Member since Sep 2016
27376 posts
Posted on 2/9/24 at 7:33 am to
quote:

-that would repeal the taxation of Social Security benefits
-raises the cap on SS tax from 168K to 250K
-extends the program's solvency by 20 years


I might would support something like this if it also included:

- Stop skimming from the program to pay for other government programs.
- STOP allowing those that did not pay in to draw.
- move the program to or provide an option for an investment based system

Posted by NC_Tigah
Carolinas
Member since Sep 2003
124665 posts
Posted on 2/9/24 at 7:45 am to
quote:

-raises the cap on SS tax from 168K to 250K
Again, the OP got this wrong. The SS Tax would apply to all earnings >$250K
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