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URL:  http://boards.fool.com/greetings-jmullner-and-welcome-you-asked-13194732.aspx

Subject:  Re: Taxation of soc. sec. benefits???? Date:  8/26/2000  10:42 AM
Author:  TMFPixy Number:  24363 of 74759

Greetings, Jmullner, and welcome. You asked:

<<I expect to have a portfolio which will generate income and I believe social security will provide approximately $10K/yr. Assuming things remain the same as they are now (with regards to taxes and so forth) how much tax will I have to pay on the $10K? >>

Perhaps nothing, perhaps something. How much taxable income will the portfolio generate? If that plus one-half of your Social Security and all of your municipal bond income puts you over the threshhold for your filing status, then part of the $10K from Social Security will be taxed. For an example of how it all works, see my article at http://www.fool.com/retirement/retireeport/2000/retireeport000118.htm.

Regards..Pixy
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