Take immediate action to adjust the IRS Code to raise the brake points in the individual and couple adjusted gross income at which Social Security Benefits become Federal income taxable income. This will give more spendable income to the middle class.
Why is this important?
IRS Code on the amount of taxable income at which Social Security Benefits become taxable has not been adjusted for inflation since it was implimented in1983. Until 1983 there was no income tax on Social Security benefit income. I am a 99% person and pay income tax on 85% of my Social Security yearly benefits to me and my wife because our adjusted gross taxable income is over $35000. Middle class retired people need a brake!
