Over the years, more and more retirees are facing higher taxation on social security benefits. While Social Security was originally designed to provide a tax-free safety net for seniors, a legislative shift in the mid-1980s introduced a bill for taxing benefits that has become increasingly affecting more retirees over time. As inflation drives up nominal incomes and benefit amounts, a law once intended to target only the wealthiest retirees now captures more than half of all Social Security recipients in its net.
