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The federal government began taxing Social Security annuities in 1984, after Congress passed amendments to the Social Security Act in early 1983, and President Reagan signed the legislation into law in April of that year.

The 1984 rule allowed 50% of a person's annual Social Security income to be taxed, if that person's total taxable income reached a certain threshold.

Alan Greenspan, who later became Chairman of the Federal Reserve, recommended the change.

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13y ago
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Wayne Journigan

Lvl 1
2y ago
MY QUESTION WAS ABOUT MEDICARE PART B. GOVENMENT IS WITH HOLDING MONEY FROM MY SOCIAL SECURITY. I'D LIKE TO KNOW WHEN THIS STARTED.

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Q: When did the government begin taxing Social Security annuities?
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Related questions

Which Political Party started taxing Social Security annuities?

DEMOCRATS


Which administration started the taxing of Social Security?

Reagan started taxing Social Security in 1984 up to 50%. Clinton raised it to up to 85% around 1993.


Who proposed taxing social security payments?

Senator Biden


Is Al Gore really responsible for taxing Social Security benefits?

What do you mean? That he personally is responsible for a tax on Social Security? If so, no. The tax has been on social security for years before Gore was in office. A Vice President doesn't have the power to do something like that anyway.


Use 'contemptible' in a sentence?

The actions of the Nazi party during World War 2 were contemptible. Taxing Social Security earnings is viewed by some as a contemptible act by the federal government.


What was crucial to maintaining the Persian empire?

Maintaining good and fair government, providing internal and external security, and maintaining prosperity and taxing fairly.


How have interdependency and the federal governments superior taxing power contributed to a larger policy role for the national government?

Interdependence and federal government's superior taxing powers have increased role for the national government at the state level. Most of the programs at state level now depend on federal funding, giving national government unprecedented leverage in the states. Now federal government is taking active role in issues like education and social welfare, which were traditionally in the state domain. Role of the national government has also increased in the areas of security and surveillance after the September 11 attacks.


How does local government get there money?

By taxing on lots of things.


How did the British government anger the colonists?

Taxing them with out representation.


What good did the government begin taxing and why did this anger farmers?

The good that the government began taxing was whiskey and this angered farmers because whiskey and the grain that it was made of was an important product.


What president started taxing social security?

the tax on Social Security was instituted in 1983, long before the Tax Reform Act was even considered. Claiming that Reagan imposed the tax on Social Security benefits ignores that it was a widespread bipartisan effort, passed easily and quickly with overwhelming support by a Democratic House and Republican Senate. Why did it have such bipartisan support? By the 1980s, Social Security was in big trouble. Starting in 1975, SS expenditures exceeded revenues and its reserves were close to being exhausted. It was anticipated that, without legislative action, it would not have been possible to continue paying benefits on time beginning in July 1983.


How does the federal government collect taxes from people?

By taxing their income.