Biden will get $250 Social Security bonus from stimulus
Saturday, April 18, 2009
Vice President Joseph R. Biden Jr. announced last month that Social Security beneficiaries will get one-time $250 stimulus bonus payments beginning in May.
He didn’t mention that he will be one of the recipients.
The annual tax returns for Biden and his wife, Jill, released last week, show he began collecting Social Security benefits in 2008. He became eligible for full benefits in November when he reached age 66.
Social Security beneficiaries will receive their $13 billion share of the $787 billion Obama stimulus package as early as May. Each of more than 50 million Social Security beneficiaries is entitled to $250 under the stimulus measure.
“These folks need the money,” Biden said in announcing the payment schedule. “People are going to be actually spending that money.” ….snip
Because Biden’s income exceeded the cap, he paid taxes on all but $980 of his 2008 benefits.
The Bidens reported income of $253,866 and paid $46,952 in federal taxes.
http://www.pittsburghlive.com/x/pittsburghtrib/news/s_621292.html
Written by thor
April 19th, 2009 at 7:23 pm
Posted in Economy and Banking,political lies,Senate,Taxes and IRS
Tagged with Biden, Social Security, stimulus
