HOUSE 567116th CongressReferred to the Subcommittee on Worker and Family Support.
Save Social Security Act of 2019
- Last Action
- 3/1/2019
Actions
- 2019-03-01Referred to the Subcommittee on Worker and Family Support.
- 2019-01-15Referred to the House Committee on Ways and Means.
- 2019-01-15Introduced in House
- 2019-01-15Introduced in House
CRS Summary
As of 2019-01-15 (00)
Save Social Security Act of 2019
This bill modifies the requirements for Social Security payroll taxes and benefits to
- apply Social Security payroll taxes to annual income above $300,000,
- include earnings above $300,000 in the benefit formula, and
- increase to $100,000 the income threshold above which a portion of a taxpayer's Social Security benefits is included in gross income.
(Under current law, Social Security payroll taxes apply to the first $132,900 of income in 2019 and a portion of benefits is included in the gross income of individuals with certain income that exceeds thresholds of $0, $25,000, or $32,000, depending on the individual's filing status.)
Subjects
- Employment taxes
- Government trust funds
- Income tax exclusion
- Self-employed
- Social security and elderly assistance
- Wages and earnings
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.