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To: george76

tax the rich, meaning the upper middle class, by increasing earnings subject to SS tax to $250,000

this is especially yummy for working couples, they get to pay double, and yet qualify for one check


57 posted on 08/07/2022 6:06:58 PM PDT by Redmen4ever
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To: Redmen4ever
this is especially yummy for working couples, they get to pay double, and yet qualify for one check

Actually that is not correct. Working couples who both worked long enough to accumulate 40 credits each (about 10 years of work) will end up getting their own checks.

When one of the spouses die, the other will either continue with their check or they can claim spousal benefits and claim the check of their deceased spouse if that was higher.

My wife turns 62 this year and I'm debating having her claim early as she only works part-time and is basically retired. Even though I have a large income, it won't affect her so long as she herself does not make more than $19,500 working (which she won't). Then I can work a few more years to get to FRA and file for a much larger amount, which she can switch over to once I kick off.

85 posted on 08/07/2022 7:12:17 PM PDT by SamAdams76 (3,654,812 users on Truth Social)
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