Social Security’s outdated rules
The Social Security program has numerous rules that change yearly, but others are outdated. One of those rules that are outdated is the taxation of benefits. The taxation of Social Security began in 1984 following the passage of a set of Amendments in 1983 passed by an overwhelmingly bipartisan vote. The second outdated rule is how the yearly cost-of-living adjustments (COLA) are calculated. Maurie Backman explains how outdated these two Social Security rules are and how they hurt seniors needlessly. Read Ms. Backman’s article here…
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