House Bill 567
116th Congress(2019-2020)
Save Social Security Act of 2019
Introduced
Introduced in House on Jan 15, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
567
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
Summary
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.)
January 15, 2019
03/01/2019
Referred to the Subcommittee on Worker and Family Support.
01/15/2019
Referred to the House Committee on Ways and Means.
01/15/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 2:02:52 PM