Should We Eliminate Taxes on Social Security Benefits? A Discussion on the House Tax Bill H.R. 904
247wallst.com/personal-finance/2025/05/02/should-we-eliminate-taxes-on-social-security-benefits-a-discussion-on-the-house-tax-bill-h-r-904
Key Points
Income tax on Social Security benefits for individuals earning over $25,000 began under President Ronald Reagan and Alan Greenspan in 1983 to help cover the shortfall in the Social Security trust fund.
Reagan’s tax on Social Security was capped at 50% of…
This story appeared on 247wallst.com, 2025-05-02 19:52:56.