Obama now taxing Social Security,What next ? Death Tax ? Inheritance tax ? Yep

Posted in the Denver Forum

dognes

Pittsburgh, PA

#3 Nov 26, 2012
youtube.com/watch... It depends on the income'
--
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.

“Invisible Pink Unicorn”

Since: May 08

Location hidden

#4 Nov 26, 2012
Only the rich
What-

United States

#6 Nov 26, 2012
They need to lift the cap on taxable social security income. Isn't the cap around 100k? After that you don't pay social security taxes on your income. That loophole needs to be changed.

“The (R)ich Party Lies!”

Since: Jan 10

Location hidden

#7 Nov 26, 2012
What- wrote:
They need to lift the cap on taxable social security income. Isn't the cap around 100k? After that you don't pay social security taxes on your income. That loophole needs to be changed.
I agree.

For the starter of this thread, President Obama doesn't have the power to tax. Only Congress has that power.

You must have skipped school the day they covered that in Civics class? As usual I'm always here to enlighten you..lol.

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