The IRS uses what's called "provisional income" to determine how much of your Social Security benefits are taxable. Your provisional income is calculated using the following formula: Provisional income = Adjusted gross income (AGI) + tax-exempt interest + 50% of your Social Security benefits

As the Social Security system in the United States edges closer to insolvency, various reform proposals have emerged to address its funding crisis. However, a recent survey by the National Academy of Social Insurance (NASI) reveals that some of these proposals are met with strong public opposition.