US HB567 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 15 2019 - 25% progression, died in committee
Action: 2019-03-01 - Referred to the Subcommittee on Worker and Family Support.
Pending: House Subcommittee on Worker and Family Support Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 15 2019 - 25% progression, died in committee
Action: 2019-03-01 - Referred to the Subcommittee on Worker and Family Support.
Pending: House Subcommittee on Worker and Family Support Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.)
Title
Save Social Security Act of 2019
Sponsors
Rep. Charlie Crist [D-FL] |
History
Date | Chamber | Action |
---|---|---|
2019-03-01 | House | Referred to the Subcommittee on Worker and Family Support. |
2019-01-15 | House | Referred to the House Committee on Ways and Means. |
2019-01-15 | House | Introduced in House |
Subjects
Employment taxes
Government trust funds
Income tax exclusion
Self-employed
Social security and elderly assistance
Taxation
Wages and earnings
Government trust funds
Income tax exclusion
Self-employed
Social security and elderly assistance
Taxation
Wages and earnings
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/567/all-info |
Text | https://www.congress.gov/116/bills/hr567/BILLS-116hr567ih.pdf |