“Then, you still get taxed on it when you “retire”
Biden the despicable senator did this. We pay taxes on 85% of the social security money that the govt gives back to us after they took away from us with which we could have been privately investing.
Biden has 5 multi million dollar houses on a career politician salary
This is no longer easy to find. Google polishes these up to make these rip off artists look better.
“ In 1993, Biden joined a partisan effort to narrowly pass an “Omnibus Bill,” mostly focused on lowering the deficit. Included in this large package was a bill that changed the level of taxable Social Security benefits from 50% to 85%.”
that 85% is an “up to” dollar amount based on earings
https://www.ssa.gov/benefits/retirement/planner/taxes.html
Pres. OBama and Congress closed a Bill Clinton signed SS filing scheme.
It still exists for peole born prior to 01/02/1954.
It works best if both spouse are near FRA(full retirement age)
One spouse files for full benefits, the other spouse files a restricted claim.
The restricted claim spouse gets to put their own SS on hold. ( It incurs an additional 8 % a year increase for every year it’s on hold to age 70 - there is no further increase at 70 and later).
Once the restricted spouse turns 70, they can file for benefits under their own SSN.
https://www.thebalancemoney.com/social-security-rules-for-restricted-applications-2388915