TopWK1 on Nostr: Since 1984, seniors have paid tax on “provisional income” above $32,000. The ...
Since 1984, seniors have paid tax on “provisional income” above $32,000. The figure is calculated by adding up your gross income, tax-free interest and 50% of Social Security benefits.
Even though this formula came into effect 40 years ago, it’s never been adjusted for inflation. If it were, the threshold would be $96,863.
#Trump #SocialSecurity #SocialSecurityReform #SaveSocialSecurity
Published at
2024-12-18 13:15:06Event JSON
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"content": "Since 1984, seniors have paid tax on “provisional income” above $32,000. The figure is calculated by adding up your gross income, tax-free interest and 50% of Social Security benefits.\n\nEven though this formula came into effect 40 years ago, it’s never been adjusted for inflation. If it were, the threshold would be $96,863.\n#Trump #SocialSecurity #SocialSecurityReform #SaveSocialSecurity",
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