No. of Recommendations: 0

You think full taxing of SS is coming....despite the fact that the SS payroll "contributition" (FICA) is after tax. IOW, it will be taxed *twice*, once going in and once coming out.

Shame on you for that hyperbole. That's not what I said at all. I said that 85% of your SS benefit would be taxed meaning that 15% would not. That represents the 6.2% you contributed in ater tax money and the 6.2% your employer contributed which was never taxed and a 2.6% freebie which also has never been taxed. So, pray tell, how does that mean you get taxed twice?? A bit of truth twisting on your part to my way of thinking.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.