Having to pay income tax on Social Security payments seems like a poke in the eye.
What??? You don’t like paying tax on the money you already paid tax on?
Having just begun to receive SS, I initially had the same thought. However, according to my research, the funds were not taxed when they were put in, and I guess they'll be taxed at a lower rate once they are pulled out (assuming lower income).
But it does still feel like a poke in the eye. And I suspect the amount paid would be 2x to 3x more were we not wasting money doing such things as keeping illegals in 5-star hotels.
Income tax on Social Security is a gift from John S. McCain.