UH OH!!!
(media.greatawakening.win)
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But the 1/2 your employer paid in, or 1/2 you paid in as a self employed person, has never been taxed. (And I am a tax professional.)
The 25K/32K threshholds are a real problem. In the late 80's, hardly anyone paid income tax on SS, now most do - and higher income people pay income tax on 35% of SS that they have already paid income tax on.
I'm paying income tax on 85% of my SS.
Paying income tax on SSI or SSD is imho wrong... There are people out there that are unable to work for genuine reasons that are being taxed on it... Single parents with disabled children for example... Single parents unable to work for real health reasons trying to raise a child or children... They shouldn't be taxed for extenuating circumstances beyond their control... Now I do know there are those that cheat or game the system and they get SSI or SSD that shouldn't be... They should more than likely be taxed but not the others..