Skip to main content
No. of Recommendations: 0
I will admit I learned something today. You are correct that the tax attributable to Social Security payments is earmarked for the OASDI and Medicare trusts. I'm not at all sure how the IRS handles the mechanics of this. Do IRS computers recalculate the tax liability with and without the Social Security benefits, realizing that changes to AGI affect many moving parts of the entire tax picture?

Ira
Print the post  

Announcements

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!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.