Triple Tax on SSI Should be Removed

Category: Blogging

ppearson2005a second ago

I have no problem with what Treasury Secretary Timothy Geithner is proposing but, in addition to the age increase, inflation recalculation, and the cap removal;

a tax write off of social security taxes should be added to the tax return to elliminate the triple taxation currently in place. Currently, the wage earners pay into the pool but they also pay taxes on the social security being withheld at the time of payment into the pool. Then, pay again when the benefit is received.
MAKE IT HAPPEN.

http://finance.yahoo.com/retirement/article/110266/secrets-to-maximizing-social-security?mod=ret ire-planning