Social Security

[pb4uski]

That's what I thought with regarding ending WEP, giving spousal benefits, and SS tax holidays. It does make sense that the taxed income thresholds be indexed to inflation since those thresholds were put into place in 1983, which has resulted in it catching more people in the lower income ranges with more taxes every year since.

What I think would make more sense is to tax SS similar to contributory pension plans or payout life annuities. The SSA knows how much we paid in and your age, so beyond that it is pretty simple math. They could even program it into the 1099-SSA and provide the taxable portion of benefits that you will then report on your income tax return just like as is done for contributory pension plans.