Thursday, March 9th, is National Slam the Scam Day. This is a day designated by the Social Security Administration to heighten awareness on scams perpetrated by fraudsters pretending to be employees of the Social Security Administration. Scammers mention a problem or a prize. They may ask for your Social Security number or other information to…
After his re-election in 2004, President George W. Bush made reforming Social Security his #1 domestic agenda. He proposed phasing out Social Security in favor of individual retirement accounts that could be invested in the stock market. Despite a strong push by lobbyists for the investment industry, the support both publicly and in Congress…
Summer 2021 Newsletter STILL STANDING…AND PRACTICING I published the first issue of Social Security & You in Spring of 1993. Some years I’ve published more issues than others. The most recent issue was dated Spring 2019: over 2 years ago. The world was a much different place then. Especially for me. Read the full newsletter…
Spring 2019 Newsletter An Opioid Story I’ve changed his name. Let’s call him Gerald. He was a laborer. And by that I don’t mean that he just did physical work. He was a card-carrying member the Labor’s Union local. And that meant a lot to him. I represented him for Social Security disability and Michigan…
Rep. Angie Craig, D-Minnesota has introduced the “You Earned It, You Keep It Act” to repeal federal income taxes on Social Security benefits.
Currently Social Security recipients who earn more than $25,000 for an individual or $32,000 for a married couple, filing jointly, are taxed up to 85% of their benefits. Below that threshold benefits are not taxed.
According to AARP, about 56% of Social Security recipients are taxed on their benefits.
The cut would be paid for by raising the payroll tax cap to $250,000, something Attorney Crawforth has advocated for years. Currently, wages over $147,000 are exempt from Social Security payroll taxes.