H.R.162 - Senior Citizens Tax Elimination Act Sponsor: Ronald Paul / 111th Congress

Title
111th Congress - To amend the Internal Revenue Code of 1986 to repeal the inclusion in gross income of Social Security benefits. hidemore...
Summary
To amend the Internal Revenue Code of 1986 to repeal the inclusion in gross income of Social Security benefits. (by CRS)
Status
The bill has been introduced.

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Contribution data provided by the Center for Responsive Politics (OpenSecrets.org)

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Double Taxation by Karen Chung, Feb 2, 2009 (7:53pm)

Introduced by Congressman Ron Paul (TX-14), H.R. 162 (111th) seeks to eliminate the taxation of Social Security Benefits. Proponents of the Senior Citizens Tax Elimination Act believe that the taxation of Social Security benefits is a harmful form of double taxation that presents unnecessary challenges to seniors who live on fixed incomes. Supporters insist that since Social Security benefits are funded by taxes, it is excessive and unjust to tax them as income. Reducing benefits by taxing them contradicts the purpose of the Social Security Program to provide a pension and a sense of security.

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