SS taxable

One of the Biden campaign promises was to remove the tax on social security benefits and a bill has been introduced to the senate called, Senior Citizens Tax Elimination Act, to do just that. This will not help the poor but will help middle income people and is one way to fight the income gap. The money paid into social security was with after tax dollars and was received tax free but in 1983 that was changed so that those with certain incomes would start to pay tax on the benefits which was double taxation. Here is how it works for retirees. You add up all your income plus one half of your social security benefits and that exceeds $32,000 for people filing joint part of your social security will be taxed. Here is an example. John gets $2,000 per month and Mary gets $1,000 from social security. John gets $1,000 per month in a pension and Mary's pension is $600. The total pension income is $19,200 and total social income is $36,000. You add one half of the social security which is $18,000 to the $19,200 pension and you get $37,200. Next subtract $32,000 from that and you get $5,200. One half of that or $2,600 is taxable. As other income increases the amount of social security taxed increases to a maximum of 85% of your total social security benefit. For those who would like to determine how much of their social security will be taxed here is an excellent site. https://www.calcxml.com/calculators/how-much-of-my-social-security-benefit-may-be-taxed?skn=#results