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In reply to the discussion: Did you get the email from Social Security administration saying what a great thing the big beautiful Bill passing [View all]markodochartaigh
(3,368 posts)thousand dollar increase in the standard exemption for those over 65. I bet that this 90% is just some bs number Trump came up with on the fly.
Projections1 show that an annual average of about 56 percent of beneficiary families will owe federal income tax on their benefits from 2015 through 2050
Among beneficiary families that owe income tax on their benefits, the median percentage of benefits owed as income taxes will increase from about 11 percent in 2015 to 12 percent in 2025 and remain stable through 2050.
https://www.ssa.gov/policy/docs/research-summaries/income-taxes-on-benefits.html
For now, about 2 out of every 5 Social Security recipients will pay federal income taxes on their benefits, usually because they have other income in addition to their benefits, according to the IRS
https://www.fidelity.com/learning-center/personal-finance/is-social-security-taxed
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