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 Tuesday, Sept 2, the 245th day of 2014. There are 120 days left in the year.

1864 — 150 years ago: It is estimated that 300,000 people attended the recent Democratic convention in Chicago when Gen. George B. McClellan of New Jersey was nominated as a candidate for president of the United States.
1889 — 125 years ago: Alderman Frank Ill, Winslow Howard and Captain J.M. Montgomery returned from Milwaukee, where they attended the national Grand Army of the Republic encampment.
1914 — 100 years ago: Three members of the Rock Island YMCA accepted positions as physical directors of other associations. Albert Cook went to Kewanee, C.D. Curtis to Canton and Willis Woods to Leavenworth, Kan.
1939 — 75 years ago: Former President Herbert Hoover appealed for national support of President F.D. Roosevelt and Congress in every effort to keep the United States out of war.
1964 — 50 years ago: The Rock Island Junior chamber pf Commerce has received answers to about 65 % of the 600 questionnaires mailed out recently in a "Community Attitude Survey" to analyze sentiments of citizens towards their city's various recreational, educational, and civic service programs.
1989 — 25 years ago: The two thunderstorms passing through the Quad Cities last night and early today left some area residents reaching for their flashlights.






(More History)