0
Reagan started taxing Social Security in 1984 up to 50%. Clinton raised it to up to 85% around 1993.
Wiki User
∙ 10y ago
Charlotte Shanahan
Add your answer:
Earn +20 pts
Which Political Party started taxing Social Security annuities?
DEMOCRATS
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.
When did the government begin taxing Social Security annuities?
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. For more information, see Related Links, below.
When did America start taxing people?
the American government started taxing people in 1861, during the civil war. they started taxing people to raise money to buy supplies for the war.
What has the author I Sharkansky written?
I. Sharkansky has written: 'The politics of taxing and spending' 'Public administration'
What was the date that the British started taxing tea on the colonies?
2012
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.
Info about the stamp act?
The stamp act is taxing when the British started taxing because they were paying to much money on the French and Indian war. So, they stared taxing newspapers, and marriage licenses.
What were some causes of the American Revolution?
England started taxing the colonista
Do you pay taxes if your only income is Social Security?
No. Social Security benefits by itself would not be taxable income to you. Social Security is only taxable if you have other income in excess of certain thresholds. Since you have no other income, your Social Security is not be taxable.
What is federal money that they get from taxing the states used for?
The largest portions of the federal budget are used for entitlement programs, such as Social Security (retirement and disability payments), Medicare, then followed by outlays for the Dept. of Defense, and then for interest payments on the national debt.
