It’s not a handout, it is an entitlement. I am entitled to the money BECAUSE IT IS MINE. They just borrowed it interest free for decades.
So true. It is a tax, and we get our money back, There’s nothing free about it.
Also for the uniformed they need to know that when you do get it will need to be reported as income on your tax return....
Current rules . In essence a tax upon a tax.......
You will pay tax on only 85 percent of your Social Security benefits, based on Internal Revenue Service (IRS) rules. If you:
file a federal tax return as an “individual” and your combined income* is
between $25,000 and $34,000, you may have to pay income tax on up to 50 percent of your benefits.
more than $34,000, up to 85 percent of your benefits may be taxable.
Hows that for a “ help you “ scam.
We would be better off just investing it ourselves.
If you make too much money they also increase your monthly Medicare Premium. Nothing like some double Taxation to make your day.