"...So after years of paying income taxes on your “contributions” you are ready to retire and collect the benefits—only to find out that they may be taxable! It doesn’t seem fair, does it? Well, here’s how that came about: Beginning in 1983 when a financing crisis was discovered in the Social Security system, The National Commission on Social Security Reform, created by President Reagan in 1981, proposed an amendment to Congress to tax Social Security benefits beginning in 1984..."
