Generally the SAP threshold means $150,000, however refer to FAR 13.5, Test Program for Certain Commercial Items, which permits the acquisition of commercial supplies and services up to $6,500,000 using SAP.
A: The Democratic Party. Prior to 1984, income derived from Social Security benefits was exempt from taxation. Amendments to the Social Security Act passed by Congress in 1983 allowed for 50% of Social Security benefits to be considered taxable income for taxpayers whose total income exceeded specified thresholds.
Up to 85% of your Social Security benefits received can be taxed, but never 100%. It means that after taxes, a dollar of Social Security income is worth more than a dollar of IRA withdrawals. If you design a retirement income plan that takes advantage of this tax arbitrage, it can make a big difference over the course of your retirement years. You can pay less in tax, and have more to spend.