Social Security: Taxation of Benefits (CRS Report for Congress)
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| Release Date |
Revised Oct. 30, 2003 |
| Report Number |
RL30581 |
| Report Type |
Report |
| Authors |
Geoffrey Kollmann, Domestic Social Policy Division |
| Source Agency |
Congressional Research Service |
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Summary:
To help restore Social Security's solvency, in 1983 Congress made up to 50 percent of benefits taxable for taxpayers whose gross income plus 50 percent of their benefit exceeds $25,000 for individuals or $32,000 for couples. In 1993, President Clinton proposed that up to 85 percent of Social Security benefits be taxable. The 1993 omnibus budget reconciliation bill (P.L. 103-66) limited the measure to recipients whose threshold incomes exceed $34,000 (single) or $44,000 (couples), with proceeds from this measure going to Medicare. Repeal of the 1993 provision was part of the Republic "Contract with America," but did not pass the Senate. In the 106th Congress, 14 bills were introduced that would liberalize the taxation provision. In the 107th and 108th Congresses, 12 and 2 bills, respectively, have been introduced that would liberalize the taxation provision.
