My recommendation here is that any individual who has Adjusted Modified Gross Income of $1 million or more in a given year is eligible for no social security
benefits in the
following year. This Adjusted Modified Gross Income should include,
among other items, any tax-fee municipal bond interest.
And any taxpayer who has Adjusted
Modified Gross Income of between $500,000 and $1 million in a given year
gets his social security benefits reduced in the following year by 50% of such amount he otherwise would
have received.
Given the $16 trillion of US Debt, this is a fair and wise way to reduce US Government spending.
