The Motley Fool Discussion Boards

Previous Page

Retirement Discussions / Retired Fools

URL:  http://boards.fool.com/tmfpixy-responded-to-a-question-with-the-12209484.aspx

Subject:  Re: Service Pension & Social Security? Date:  3/15/2000  4:40 PM
Author:  jtmitch Number:  2913 of 19483


TMFPixy responded to a question with the following:

No, pension income is not taxed for Social Security (i.e., FICA) purposes. Only regular income taxes apply to the
money you receive from that pension.


I would just add that Medicare tax still applies (at least it does to my military pension). It is approximately 1/2%.

jtmitch
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us