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Subject:  Re: social security Date:  4/14/2000  10:03 AM
Author:  TMFPixy Number:  3532 of 20632

Failte1 writes:

<<I don't know why people aren't picking up on this "little piece of information". Doesn't it mean that not only are working seniors going to pay immediate social security tax on their earnings out of their checks, but then at tax time are going to pay additional tax on their benefit + most of any other income. Which is then taxed again at the final calculation... >>

Yes, it could depending on the potential excess over the income threshholds for the taxation of benefits. Keep in mind that many benefits recipients are not aware such taxation is possible. Many discover it only at tax filing time. Obviously, they don't pay attention to the literature they receive because it's not a secret and is highlighted in many SSA pubs and in the media from time to time.

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