SS tax

There is currently a bill before congress to remove taxes from social security benefits. This will be of great benefit to wealthy people but not much help to low- and middle-income groups. A better approach would be to index the $25,000- and $32,000-dollar deductions to inflation. This tax started in 1984 and if properly indexed this would raise the deductions to $75,000 and $95,000 respectively. This means that only wealthy people would be taxed and this could help narrow the wealth gap. A typical couple who both worked and had $50,000 from SS and another $70,000 in income would pay no tax on SS.