ZELGO.COM, THE SENIOR SITE, CALLS FOR REPEAL OF ALL INCOME TAXES ON SOCIAL SECURITY INCOME

SENIORS PAID FOR SOCIAL SECURITY WHILE THEY WORKED, NOW RETIRED ,THEY FIND THAT RECENT YEARS TAX INCREASES HAVE MADE UP TO 85% OF SOCIAL SECURITY INCOME SUBJECT TO TAXES !

"It's a shame" , says Stanley E Lebow zelgo.com's world war 2 veteran chairman ," we reach that magic age of 65 and discover that up to 85% of the social security income we receive is subject to taxes!

"We seniors", continued Lebow " paid for our social security benefits during our wage earning years,
and now we discover that part of those promised benfits have to given back through taxes. That's double taxation with a capital "D"! Zelgo.com, the internet site for seniors is taking up the fight to have the tax on social security income thrown in the garbage where it belongs!"

Actually there was no tax on social security benefits until a 1984 law made up to 50% of social security income subject to tax. Then in 1993 the Clinton tax increase raised the amount of social security income subject to an individual's tax rate to as high as 85%!

The amount of tax depends on the retirees income'
Basically single filers earning between $25,000 to $ 34,000 use the 50% figure, if they make over $34,000 they use the 85% figure. Joint filers earning between $34,000 and $44,000 use the 50% figure, over $ 44,000 and 85% of their social security income is subject to tax.

"To add insult to injury," said Lebow," is the way they have seniors figure their income under this onerous tax. You take your adjusted gross income and then add all tax free bond income plus half your social security income. Its easy to see, especially with today's inflated dollars, that you don't have to be rich to qualify to pay
these onerous taxes."

"How these taxes on social security income snuck in I'll never know', said Lebow, "but its more then time for them to disappear"

"And while Zelgo.com is a senior site and expected to stand up for senior benefits,"Lebow concluded," we are really standing up for all wage earners, because everyone hopes to reach social security retirement age someday!"