tag:blogger.com,1999:blog-7334408760351487944.post6930763574209166561..comments2023-11-12T06:43:00.060-05:00Comments on Notes on Social Security Reform: CBO blogs on how Social Security benefits are taxedAndrew G. Biggshttp://www.blogger.com/profile/16617460431856611873noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7334408760351487944.post-48234308359972959872015-02-13T14:23:41.355-05:002015-02-13T14:23:41.355-05:00Andrew,
I wrote a very similar article a few mont...Andrew,<br /><br />I wrote a very similar article a few months back. I think that they are missing two large points.<br /><br />These taxes are falling on people who are barely above poverty. The people who are getting hit the hardest are those people who saved with tax-deferred accounts - in order to avoid taxation. The withdrawals are triggering these taxes on Social Security benefits.<br /> <br />I forget the exact threshold, but I think it is around $50,000 of outside income is where you max-out these taxes.JoeTheEconomisthttps://www.blogger.com/profile/15000542138416955049noreply@blogger.com