Quote:
Originally Posted by Topspinmo
So say You can thank Ronnie for taxing retirement SS.
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My post addressed paying tax on money withheld for SS.
Originally Posted by manaboutown View Post
And yet one pays income tax on SS withholdings as if one actually received the money and could go out and spend it!
Q2: Which political party eliminated the income tax deduction for Social Security (FICA) withholding?
A2: There was never any provision of law making the Social Security taxes paid by employees deductible for income tax purposes. In fact, the 1935 law expressly forbid this idea, in Section 803 of Title VIII.
From:
Social Security History.