AFT Resolution

PROTECT SOCIAL SECURITY EARNINGS

WHEREAS, Social Security benefits and  the amount of money retired people may earn without losing benefits are adjusted for inflation each year in which the cost of living rises 3 percent or more; and

WHEREAS, since 1984, a portion of Social Security benefits is included in taxable income if adjusted gross income plus nontaxable interest and half of the Social Security benefits is more than a "base amount" ($25,000 for an individual and $32,000 for a couple filing jointly):

RESOLVED, that AFT will support legislation that adjusts the base amount of earnings (including Social Security benefits) subject to income tax for inflation in the same manner as increases in benefits are determined.

(1990)