No. of Recommendations: 3
"In addition to FICA contributions, Social Security receives the Federal Income Taxes on the first 50% of our Social Security benefits."

Only if you are in a high enough tax bracket to even owe any income taxes and that money goes to the Treasury, not SS accounts. Many retirees pay zero income taxes.....and up to 85% of SS benefits may be taxed for higher income retirees but is paid to the US Treasury and instantly spent on pork projects.

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.