Social Security Double Taxation Does Exist in These 13 States

Social Security Double Taxation Does Exist in These 13 States

The Social Security program has navigated its way through 13 previous recessions with flying colors and will certainly make it through the COVID-19 crisis, as well. A number of common misconceptions have prevailed for decades, such as the (incorrect) idea that Social Security would be bankrupt by the time future generations of workers retire or that Congress has dipped its hands into Social Security's proverbial cookie jar and pilfered funds from hardworking Americans. There is, however, one Social Security claim that has merit as both fact and fiction -- the idea that Social Security benefits can be taxed twice.