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Retirement tax questions
They don't tax your Social Security as earned income. It is just taxable income. Sorry, good try though.
Best explanation I read from Hal_AL…….
When you were working, you only paid half of your SS tax. Your employer paid the other half. At first SS benefits were tax free, then congress decided to tax 50% of it. You know, the half your employer paid for. But all those were still getting half that money tax free, so they settled (for now) on taxing 85% of it. Then they ran for re-election on the 15% they "saved" you.
July 29, 2022
10:36 AM