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Author: ResNullius Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19224  
Subject: Re: Social Security means testing Date: 8/12/2011 4:52 PM
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I've read several articles about means testing, and they all used MAGI as the measure, which would include investment income and tax-exempt income to determine income for purpose of means testing. I also read an article that quoted a couple of Dems and a couple of Repubs in which they stated that it would take a cut-off of about $60K in non-SS income in order to make much difference over the long term. This is the lowest number I've seen, heard, or read about, so my guess is that any cut-off would be much higher (and double for married couples). Most of the main ideas deal with raising retirement age, change COLA calculation, taxing more of SS, and raising the level of income subject to SS tax. Almost all articles indicate that folks over 55 would be exempt from the changes, but I doubt that will hold up if there are to be major cuts. Personally, I doubt there will be major cuts, but that's just an opinion.
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