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To: HiTech RedNeck; Yosemitest; All

Here is a link that clarifies the questions on who taxed who. See Questions 3 and 4 and answers:

http://www.ssa.gov/history/InternetMyths2.html

The 1983 provision passed in the Reagan Administration was to tax 50% of the income above the $25 and $32 thousand deductions.

The provision passed in the Clinton Administration was to raise the income taxed up to 85%. There was no increase in the allowed deductions. Thus I realized in the early 2000s that suddenly I was paying taxes on SS when my relative income had only increased based on general inflation of earnings and benefits. However as I said before, no inflation increase has been applied to the deductions for 32 years. It is really hurting lower middle income retired people both Republican and Democrat and should be changed by raising the deduction for inflation, and financed by restoring the 90% wage cap.


28 posted on 07/18/2015 5:34:23 PM PDT by gleeaikin
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To: gleeaikin
Thanks for the link.
But to clarify your comment: Let's make it clear that BECAUSE OF THE CHANGE to the LAW in 1984, Here's the details of that law:
So let's remember "The provision was estimated to affect about 10 percent of Social Security beneficiaries in 1984. "

Now remember WHAT the Medium Household Income was in 1984.
It was $20,712 (adjusted for inflation today is about $47,181).

And what has happened to the Medium Household Income adjusted for inflation today under the ILLEGAL ALIEN IN CHIEF ?
30 posted on 07/19/2015 2:57:52 AM PDT by Yosemitest (It's Simple ! Fight, ... or Die !)
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