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Unless I've made a significant error in my calculations, after retiring it appears that I contribute more to the Social Security and Medicare trust funds than I did when I was employed.

Net of what they pay you?


Using the 22% marginal tax rate on 50% of my 2019 Social Security annual benefits earmarked for the OASDI Trust Fund, the taxes on the benefit exceeds the FICA OASDI withholding from my earnings during 2012 my last full year of employment. The tax is equivalent to approximately 1.5 months of Social Security benefits.

Since retiring and starting to receive Social Security benefits in February 2013, I have received in benefits 139% of my and my employers' total FICA OASDI contributions starting in June 1959 and ending in January 2013.

I am constantly bemused by comments that I see in articles about Social Security where the commenters claim that they will never recover their and their employers' FICA OASDI contributions. I and my employers' contributed to FICA OASDI for 54 years. It took less than 7 years for me to receive the equivalent amount in benefits.
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