No. of Recommendations: 0
This doesn't seem fair. If this sort of income was exempt from SS taxation when you earned it, then you should not reap SS benefits on it later. Vivek, take a look at this...
finance.yahoo.com - House passes billion socialHouse Passes $196 Billion Social Security Bill: Will Repealing Pension Reductions Shorten The Program's Lifespan?On Nov. 12, the U.S. House of Representatives passed the Social Security Fairness Act, a bipartisan bill set in motion to eliminate two long-standing provisions that currently reduce Social Security benefits for public sector employees.
... more at link