Social Security benefits were previously exempt from federal income tax until 1984, when the 1983 Amendments to the Social Security Act went into effect. The amendments were a result of the recommendations of the Greenspan Commission, appointed by
PRESIDENT REAGAN.
The 1983 Amendments established that a portion of Social Security benefits would be taxable for beneficiaries with incomes above certain thresholds. The share of benefits subject to tax has grown since then, and is currently capped at 85%. The tax structure is tiered, with different thresholds for unmarried taxpayers and married couples filing jointly.
At least he promised that the wars will be over on his first day of office if not before if he was elected. That will be so wonderful, He has been saying it will take him 5 minutes to end them. He is the greatest of all time I must admit.