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View Diary: White House: No Medicare age increase, cut Social Security instead (360 comments)

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  •  And I don't care whether you agree or not (0+ / 0-)

    But for the rest of the viewing audience:

    1.  Social Security used to be tax exempt.

    2.  Beginning in 1984, a percentage (up to 85%) of benefits became taxable.  High income tax payers thus have to give back, in the form of taxes, up to 33.7% of their benefits.  Or, to look at it another way, lower income recipients keep 100% of their benefits and high income recipients keep about 66% of their benefit.

    3.  Under any reasonable definition of what constitutes a means tested benefit, Social Security qualifies, since the benefit decreases as other income increases.

    "Well, I'm sure I'd feel much worse if I weren't under such heavy sedation..."--David St. Hubbins

    by Old Left Good Left on Mon Feb 11, 2013 at 06:55:37 PM PST

    [ Parent ]

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