Letter: Social Security benefit tax, another promise not kept


Share
Posted Online: Feb. 23, 2013, 6:00 am
Comment on this story | Print this story | Email this story
On Aug. 14, 1935, Social Security became law. ORIGINALLY, Social Security benefits were not taxable. The long tentacles of the Treasury Department changed that by power of their rule and in 1983 that Congress made it law.
On 2012 IRS form 1040 (U.S. Individual Income Tax Return], line 20[a] Social Security benefits, line 20[b] taxable amount, item b divided by item a equal 85 percent.

Thanks again to the 445 leaders of this USA. Another drop in the broken bucket.

Ken Bunte,
Moline















 



Local events heading








  Today is Saturday, April 19, the 109th day of 2014. There are 256 days left in the year.

1864 -- 150 years ago: Miss McCorkindale has opened millinery rooms over Gimbel's dry goods store, where she offers a choice lot of millinery goods, which she will manufacture to order.
1889 -- 125 years ago: The little South Park Presbyterian chapel celebrated it first Easter decorated with flowers for an afternoon worship service attended by a large congregation.
1914 -- 100 years ago: The Wennerberg Chorus of Augustana College has returned from a 2,000-mile tour in the Eastern states and Illinois.
1939 -- 75 years ago: Col. Charles Lindbergh has stated that he is convinced that Germany's air force is equal to the combined sky fleets of her potential European foes.
1964 -- 50 years ago: Small gas motors may be permitted on boats in the lake to be built in Loud Thunder Forest Preserve. The prospect was discussed yesterday at a meeting of the Rock Island County Forest Preserve Commission.
1989 -- 25 years ago: The annual Dispatch/Rock Island Argus Spelling Bee continues to be a family tradition. Ed Lee, an eighth-grader at John Deere Junior High School, Moline, is the 1989 spelling bee champion from among 49 top spellers in Rock Island, Henry and Mercer counties. He advances to the competition in Washington, D.C. Runnerup was Ed's sister, Susan.






(More History)