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Lamplighter · 09-21-2011, 12:10 PM

Social Security is taxed as ordinary income...

and there is no withholding during the year so retirees can get caught
with unexpected taxes (depending on their other incomes)

ETA: also, each monthly SS payment includes a $45.50 deduction for Medicare

I suppose Merc would call all this double and triple taxation.

09-21-2011, 12:10 PM	#11
Lamplighter Person who doesn't update the user title Join Date: Jun 2010 Location: Bottom lands of the Missoula floods Posts: 6,402	Social Security is taxed as ordinary income... and there is no withholding during the year so retirees can get caught with unexpected taxes (depending on their other incomes) ETA: also, each monthly SS payment includes a $45.50 deduction for Medicare I suppose Merc would call all this double and triple taxation. Last edited by Lamplighter; 09-21-2011 at 12:27 PM.