An income tax levied on higher income Social Security beneficiaries affects the more well-todo who invest in
dividend stocks.

Question

An income tax levied on higher income Social Security beneficiaries affects the more well-to­do who invest in
dividend stocks.

Quizplus · Accepted Answer

Higher income Social Security beneficiaries are those with an annual income above a certain threshold. They are subject to a tax on their Social Security benefits, which includes a tax on their dividend income from stocks. Therefore, those who invest in dividend stocks and fall under the higher income Social Security beneficiaries category will be affected by this tax.

An Income Tax Levied on Higher Income Social Security Beneficiaries