Social Security Taxes
When Social Security was created in 1935, benefits were not taxed. That's how things stood for nearly half a century.
But in the early 1980s, when the Social Security program was faced with financial problems, a national commission recommended that at least a portion of Social Security benefits be subject to federal income tax
Over the last five years, the amount of tax that Social Security beneficiaries have paid on their benefits has jumped by nearly 28 percent, from $12.3 billion in 2000 to $15.7 billion last year, according to the latest annual report of Social Security's board of trustees
The Providence Journal explains.
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