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> Old tards - Are you taxed on your social security?

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#1 2022-08-14 00:21:30

Old tards - Are you taxed on your social security?

Asking for an old friend.

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Diarrhetrius Brown
#2 2022-08-14 00:29:42

Re: Old tards - Are you taxed on your social security?

Yes but it depends on your income and filing status.

We receive $52,000 a year from social security and if that was all that we had we'd have zero taxes.

For a good gas on what your taxes on your social security would be this works really well.

https://www.calcxml.com/do/how-much-of- … y-be-taxed

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Diarrhetrius Brown
#3 2022-08-14 00:30:22

Re: Old tards - Are you taxed on your social security?

52,000 a year doesn't sound all that great for two people but when you consider if that is all you got and you have zero taxes it's a really not a bad deal.

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Diarrhetrius Brown
#4 2022-08-14 00:33:04

Re: Old tards - Are you taxed on your social security?

Here is my social security that I received last year but then the add my wife on top of it.

2021SocialSecurity.jpg

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#5 2022-08-14 00:35:04

Re: Old tards - Are you taxed on your social security?

In 1983, I got my first job at $22,900 per year, and had $10,000 in student loans outstanding. I was unable to afford a new car, or nyc rent on an apartment, or even consider purchasing a home, and still pay for food and everything.

That is equivalent to about $68,000 today, which is way above the national average and median.

I don't see how anyone is surviving at all.

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Diarrhetrius Brown
#6 2022-08-14 00:41:40

Re: Old tards - Are you taxed on your social security?

wrote:

In 1983, I got my first job at $22,900 per year, and had $10,000 in student loans outstanding. I was unable to afford a new car, or nyc rent on an apartment, or even consider purchasing a home, and still pay for food and everything.

That is equivalent to about $68,000 today, which is way above the national average and median.

I don't see how anyone is surviving at all.

I don't remember the exact amount but in 1983 I think I was making around $50,000 a year I know I got to the point where I no longer had to pay social security taxes cuz I had reached the limit.

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#7 2022-08-14 02:37:15

Re: Old tards - Are you taxed on your social security?

Me.

$70 to $90K a year.
Zero tax.

kilosepp

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#8 2022-08-14 03:22:24

Re: Old tards - Are you taxed on your social security?

Yes, we are taxed on it.  And you can thank Clinton for that.

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#9 2022-08-14 06:10:07

Re: Old tards - Are you taxed on your social security?

No it was Reagan

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Diarrhetrius Brown
#10 2022-08-14 08:17:30

Re: Old tards - Are you taxed on your social security?

wrote:

No it was Reagan

Correct!

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