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To: jwalsh07; xzins

The distinction that needs to always be made is between “reducing benefits” and “causing SS to be taxable”. Causing it to be taxable at some level is pretty much a given. Married filing jointly and household income over 32k begins to cause SS benefits to be taxable. There is a complicated calculation to determine what percentage of the benefit is taxable. The benefit isn’t reduced, but obammy gets to tax part of it.


59 posted on 08/20/2014 8:55:44 AM PDT by kjam22 (my music video "If My People" at https://www.youtube.com/watch?v=74b20RjILy4)
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To: kjam22; xzins

Yup good point. Married filing jointly and income over 44,000combined means 85% of her SS is taxed at our nominal rate. In addition the state of Ct takes a bit and she pays FICA and medicare on what she earns. The taxman is always there.


63 posted on 08/20/2014 9:24:01 AM PDT by jwalsh07
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