Should 85 Percent of Social Security Benefits Be Taxed?

Policy Backgrounders | Social Security | Taxes

No. 101
Friday, July 20, 1990
by John C. Goodman

The elderly pay income taxes on up to one-half of their Social Security benefits if their total income exceeds $25,000 (individual) or $32,000 (couples).  They pay taxes on 50 cents of benefits for each $1 of income above these income thresholds.

For complete publication: bg101.pdf

Read Article as PDF