H.R.4635 - Retirement Equity Act of 1988100th Congress (1987-1988)
|Sponsor:||Rep. Dreier, David [R-CA-33] (Introduced 05/19/1988)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 05/23/1988 Referred to Subcommittee on Social Security. (All Actions)|
This bill has the status Introduced
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Summary: H.R.4635 — 100th Congress (1987-1988)All Information (Except Text)
Introduced in House (05/19/1988)
Retirement Equity Act of 1988 - Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to remove the limitation on the amount of outside income which a beneficiary may earn without incurring a reduction in benefits.
Amends the Internal Revenue Code to repeal the taxation of social security benefits and tier I railroad retirement benefits. Prohibits the imposition of social security taxes on the wages or self-employment income of individuals aged 70 and over.