Cut-Throat
Thinks s/he gets paid by the post
^ Rayvt, I have to agree with pb4uski on this one.
SS is taxed in a matter very consistent with all other investments.
Not Capital Gains for sure ! ..... If we were striving for a Stronger Middle Class and the good of the Country as a whole... Capital Gains should be treated as regular income and Social Security Tax Free.
It is pretty ridiculous for the Government to be Distributing SS Checks and then demanding taxes on those receipts. This tax was put in during the Reagan Administration and was not part of the Original S.S. Program. It was the beginning of the 'chipping away' at benefits that continues today.