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amend social security provisions to reduce or eliminate payments to minor children of high income retired parent(s).

Created by R.B. on January 13, 2013

Minor children of parents who are retired and receiving social security benefits, also receive social security benefits. Because the child likely has no income, these benefits are not taxed, whereas the parents' social security benefits are taxed if the parents meet certain income thresholds.
The providing of SS benefits to minor children of retired parents is an outdated provision in the current environment and should be updated to consider the financial needs of the family receiving the social security benefits. If the family is has significant income, then the payments to the minor children should be reduced or eliminated.

Budget & Taxes
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