I usually don't get in discussions like this as y'all know more than me….but on this I will as SS is taken out PRE TAX not after taxes….the first part of it being taxed over a certain amount is correct….I don't see how you get double taxation out of it.
Lisa
Your social security, for one, will be taxed and/or reduced if your household income exceeds a certain amount, last I heard it was around 34K a year, when in fact that social security money was already taxed when you paid it in while working. Double taxation doesn't seem all too fair to me.
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