Equity in Social Security for Individuals and Families Act

[AI summary unavailable — showing source text] Equity in Social Security for Individuals and Families Act - Amends Title II (Old-Age, Survivors, and Disability Insurance) of the Social Security Act to permit married couples to elect to share their income for social security purposes in a manner similar to the filing of a joint tax return. Provides that, for any year a husband and wife file a joint income tax return, both the husband and the wife shall each be considered to have been paid wages or to have derived self-employment income in such year for the purpose of determining the average monthly wage of the husband and the wife for Old-Age, Survivors, and Disability Insurance purposes. States that the amount with which each spouse will be credited shall be equal to the higher of: (1) one-half the total of the wages and self-employment income paid to or derived both of them in such year; or (2) three-fourths of the wages and self-employment income paid to or derived by whichever of them had the larger amount of such wages and self-employment income for such year. States that any person who: (1) is the spouse of a person entitled to old-age or disability insurance and who has no wages or self-employment income; or (2) is the su…