Ways and Means Committee, Work and Welfare Subcommittee
Introduced
In Committee
On Floor
Passed Chamber
Enacted
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.)
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Referred to the Subcommittee on Worker and Family Support.
Introduced in House
Referred to the House Committee on Ways and Means.
Referred to the Subcommittee on Worker and Family Support.
Taxation
Employment taxesGovernment trust fundsIncome tax exclusionSelf-employedSocial security and elderly assistanceWages and earnings
Save Social Security Act of 2019
USA116th CongressHR-567| House
| Updated: 3/1/2019
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.)