Meet The Candidates: 2012 GOP Thread

[saden1]

Originally Posted by firstdown

Screwing seniors was Bill Clinton when he added the tax to SS.

You will have to pay federal taxes on your Social Security benefits if you file a federal tax return as an individual and your total income is more than $25,000. If you file a joint return, you will have to pay taxes if you and your spouse have a total income of more than $32,000.
Use the Internal Revenue Service (IRS) Notice 703 shown on the back of the Social Security Benefit Statement, SSA Form 1099, to determine if any of your benefits may be taxable.
Social Security has no authority to withhold state or local taxes from your benefit. Many states and local authorities do not tax Social Security benefits. However, you should contact your state or local taxing authority for more information.

Ludicrous, is the example you used and our current tax system.

I agree with you...taxing people who have minuscule income that is distributed by the government itself is idiotic.

A lot of people seem to have remarkable faith in the market despite what has transpired the last few years...amazing!