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URL:  http://boards.fool.com/how-do-you-pay-tax-on-the-money-you-put-in-ss-29115029.aspx

Subject:  Re: How much for retirement? Date:  2/18/2011  3:44 PM
Author:  wrjohnston91283 Number:  68483 of 75383

How do you pay tax on the money you put in?

SS tax isn't tax deductible.

You make $50,000 a year. $3825 goes to payroll taxes (SS and medicare). You still pay income taxes on the full $50,000, even though you only have ~$46,000.

WRJ
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