[meyer]

So basically, anybody with a modest pension or anybody that has saved for retirement on their own can expect a good portion of their SS income, which is THEIR money, STOLEN from their paycheck, to be taxable. I have to admit that I hadn’t looked into that situation in the past, but I will be soon.

[redrhino47]

So basically, anybody with a modest pension or anybody that has saved for retirement on their own can expect a good portion of their SS income, which is THEIR money, STOLEN from their paycheck, to be taxable. I have to admit that I hadn’t looked into that situation in the past, but I will be soon.

The evil genius is not indexing for inflation. IIRC, Reagan gave them this to get tax cuts. Could be wrong. This is close to 40 yrs. old.

[Axenolith]

Biden as Senator voted for that (taxing SS) in 1983 and 1993...

[xone]

So basically, anybody with a modest pension or anybody that has saved for retirement on their own can expect a good portion of their SS income, which is THEIR money, STOLEN from their paycheck, to be taxable.

Yep it is. If you're single it is even worse because if you get a pension that is worthy of the name 50% of SS is gonna be taxed.

[Melian]

I received a small pension when I retired, so they REDUCED my SS payments! They called it a “windfall”… even though I’d earned it. Bastids.