If Taxes On Social Security Are Abolished, How Much More Will You Get? 💵

✅ Test Your Medicare Knowledge With Our Medicare Quiz Here: https://crocus-tablecloth-minnow.heyflow.site/medicare-quiz#start/?utm_source=YouTube&utm_medium=social

✅ Watch the internet's #1 Online Medicare Educational Workshop for FREE: https://get.medicareschool.com/rum_workshop

✅ To get 1 on 1 Help from our Team, Schedule a Call Here: https://get.medicareschool.com/rum_bookacall

There has been a lot of discussion about abolishing federal income taxes on Social Security benefits. But why were these benefits taxed in the first place? In this video, we’ll explore the history behind Social Security taxation, dating back to 1983, and break down what could happen to Social Security benefits if these taxes are removed.

00:00 Introduction
00:32 Original SS System
04:50 SS Act of 1983
07:39 1983 Formula
09:28 Taxable SS Income
10:42 1983 Exclusionary Thresholds
11:49 Omnibus Budget Recon
13:55 If SS is Non Taxable