California Affordable Care Update Cancel The title field is required!

1. Steven Kurta

   

   2 posts
   
   4/2/2014 4:04 AM

   Almost, Captain. Almost.
   
   Q: Which Political Party started taxing Social Security annuities?
   
   A: The Democratic Party.
   Prior to 1984, income derived from Social Security benefits was exempt from taxation. Amendments to the Social Security Act passed by Congress in 1983 allowed for 50% of Social Security benefits to be considered taxable income for taxpayers whose total income exceeded specified thresholds.
   
   Responsibility for this change cannot fairly be assigned to either political party. The idea originated with a proposal issued by the bipartisan Greenspan Commission, which had been created by President Ronald Reagan, a Republican. The amendments were passed by a House of Representatives in which the Democrats held a clear majority of the seats (296-166), but the proposed amendments received "Yea" votes from members of both parties, and they were signed into law by President Reagan.
   Read more at http://www.snopes.com/politics/socialse ... 6byqmUO.99
   
   http://www.snopes.com/politics/socialse ... hanges.asp
   
   
   stupid snopes