The $25,000 and $32,000 thresholds for taxation set in 1983 have not been raised since set into law. Meanwhile the medium household income in 1983 was just under $25,000 as compared to 2021 which is just under $71,000. The way I see it our Social Security benefits have been reduced every year since President Reagan signed the law in 1983 via means testing from the IRS. It's well past due to adjust the thresholds upwards.
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The $25,000 and $32,000 thresholds for taxation set in 1983 have not been raised since set into law. Meanwhile the medium household income in 1983 was just under $25,000 as compared to 2021 which is just under $71,000. The way I see it our Social Security benefits have been reduced every year since President Reagan signed the law in 1983 via means testing from the IRS. It's well past due to adjust the thresholds upwards.
Post: Ten Reasons to Claim
Link to comment from September 17, 2022