Title | : | How Much Social Security Is Taxable? |
Lasting | : | 5.44 |
Date of publication | : | |
Views | : | 45 rb |
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Do you think Social Security should be taxable? 😡 Comment from : Devin Carroll |
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Hello, quick question, I am a 62 yo retired Federal employee I get a monthly annuity and have Federal tax taken out of that My wife still works and has Federal tax (10) taken out each paycheck This past year we got a Federal tax refund of over $2k Since I turned 62 two months ago, my SSA Supplement ended Starting this month I will begin receiving my Social Security benefit payment which works out to be about $700 more than my SSA supplement was per month My question is, since my wife and I received a good amount from last years Federal tax return, am I required regardless to have additional Federal tax taken out of my Social Security benefit even if I think we are paying adequate Federal Taxes on our income? Thank you Comment from : JET |
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Here is how they can save money Eliminate the Ex-spousal jump to the highest earner, and do a means test to determine if they have earned enough to get benefits IF it is so, that is all they get on their on volition and not game the system for higher unearned payouts Comment from : Ray McCarty |
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No way!!! Comment from : Samuel King |
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What tax rate is used on the taxable portion of income Comment from : Vickie Scholl |
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no Comment from : Vickie Scholl |
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If everyone today was taxed on 1984 numbers we would at uproar, at best Why are social security recipients forced to do it? Comment from : terry bumpass |
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Should not be taxable Comment from : Gypsy Traveler |
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I’m turning 62 this year and am planning to retire and maybe defer til Jan24 to file…brMy wife will continue to work for 15 years till she is eligible to file for her SSbrWhat is the tax liability that I’m facing ? Comment from : Charlie Lawrence |
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NO!!!!! Comment from : Charlie Lawrence |
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Absolutely not Comment from : Bridgette Pinkelman |
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His Calculation is wrong because he did not factor in the standard deduction amount that would be subtracted off the $72k Thats $2510000 for a married couple with a addition amount if over 65 So the taxable income would be at most $46,90000 Comment from : Donald Weiselberg |
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No We paid for it while we were still working Comment from : Ron Agcopra |
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No I don't Comment from : [] Bhadijen [] |
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Definitely not Comment from : J P |
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No it should not be taxable Comment from : Douglas Herman |
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I don’t think it’s fair that we should taxes on our social security When the CEO,S of major corporations find ways for them not pay less our none taxes Millionaires and sports athletes fall under this category We work more than half our lives to support our families Our congress and senate really don’t care for seniors barely surviving All they care for is themselves and their corporate friends Comment from : Mario Martinez |
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If 50 percent of social security is taxable according to my combined income 50 is considered brfor incomebrAre we taxed on the total ss amount received or 50 brthat was determined to be combined income? brThank you! Great show as always! Comment from : Deb Ische |
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The money we earned to pay SSI was already taxed It is a crime to tax the same dollar twice But that's our gov Corrupt to the bone Comment from : Sheri Willhite |
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N0!!! Comment from : wabinagi |
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Creepy Joe Biden is the worthless POS who cast the deciding vote to tax social security That worthless SOB has been in Washington for 50 years and every single thing that moron has touched has turned to pure shit How did an incompetent jackass like that ever become president of the United States is what I want to know - are the RATS dumb enough to vote for a moron like that nobody can be that stupid but evidently they are Comment from : Jerry Boucher |
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No Comment from : Judith A Spunaugle |
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No not at all Comment from : Sheryl McDonald |
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NO!! ) Comment from : Alfred Hitchcock |
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No, it should not be taxable!🤬🤬🤬🤬🤬🤬🤬🤬 Comment from : patricia rangel |
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Social security should not be taxed Period!! Comment from : Brian Henderson |
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No Comment from : Rita Strange |
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NO ABSOLUTELY NOT, the income that has been used for social security benefits was a taxable income that has been taxed once You cannot tax the taxed ever again, that's double dippingbrIf the GOVERNMENT would PAY themselves less and quit GAMBLING our money away in the STOCK MARKET, There would be plenty for all QUIT building your slush funds and think of your people firstbr It always, "Trickles down" onto us brNow we are tired of officials always taking from us, take from our "Governments Wallets" not the people who are the workers that keep America going They don't need to make such outrageous salaries, we need them to be capped and not stay in office for life Comment from : Christina Kern |
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It should not be taxable Comment from : Vanessa LivinginLC |
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There also seems to be a marriage penalty for filing jointlybrYou take $25,000 deduction when singlebrbut, you only take $34,000 when marriedbrbrOn what occasion is it better to file married filing separately?brIt seems to be that when one spouse makes a lot more money Comment from : Rich Johnson |
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Social Security is a government’s ponzi scheme I am 50 and I already invested my money in 401k for decades and invested my money in real estate and mutual funds Do not rely on Social Security as your only source of income or you’ll live like a broke college student Comment from : Duc Ly |
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Okay Broad overview is kind of an understatement I find it odd and even a little suspicious that you guys never mention the minimum standard deduction or any of the deductions that also apply You do know the distress you cause some by being vague and illusive with very crucial facts I presume its like you think its some obscure trade secret In your examples most people would owe NO TAX! Comment from : Pajaro loco |
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No Comment from : Shirley Bennett |
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No Comment from : beautiful |
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Social Security, Disability and Unemployment should not be taxable with incomes below 50k Life is tough enough without them jamming you for programs that are supposed to help a poor person survive Comment from : Kris Conrad |
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No Comment from : Randy Arnell |
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No, I don’t think social security should be taxable We are already suffering I am a single senior and only get 1200 a year Let’s be real most seniors receive much lesser amount Comment from : Doris Reyes |
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No it should not be taxed Comment from : Warren louisiana |
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No Tax SS Already paid tax in that money Comment from : Cooper |
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your s/s should not be tax Comment from : QuinnJ Hartnett |
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No,we paid taxes already on that money so why should we double taxed? That's not right Comment from : Maribel Vasquez |
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What a great questionbut Do you reall mean -brDo you think the government should steal from people?brIf so how much should they steal?brbrHow about the government killing people?brOld people?brUnborn people?brAlleged terrorists?brJewish people ? Comment from : Jeff Washington |
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Social security should not be tax, however on politicians social security should be tax Comment from : Jack Rosario |
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tax no Comment from : QuinnJ Hartnett |
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NOWAYWE PAID TAX ON SS Comment from : Ellis Smith |
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No it should not Comment from : Chevy Miami |
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NO Comment from : Shirley Carter |
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No, its a tax we already paid How can they tax a tax? Comment from : Nancy Hartwell |
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No We could have invested this money ourselves and actually MADE money on it instead of letting the government use it at our expense No No 1000 times no Comment from : K G |
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If we pay for social security through our working years, where is our interest earn by someone while we worked for 40 years Now, we need to collect but the goverment wants to be paid more to let us use our investments in our old age ???? Comment from : William Nickerson |
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definitely not!! Comment from : Joyce Sewald |
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No it shouldn't be taxable Comment from : Emily Stansell |
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no because we paid taxes as we earned the money and were already taxed Comment from : Lorena Akins |
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No SS should not be taxable Comment from : Kathy Bobbe |
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Not only do I think it should not be taxed, at age 64 I should be able to make asMuch money as I want with no penalties I have no problem paying taxes on wages Comment from : william long |
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Se benefits should not be taxed Comment from : Miguel Perez |
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No Comment from : juanita large |
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Absolutely not! Especially for those whose only income is their SS income Comment from : J Winsor |
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No on taxes and property taxesno on income tax too Comment from : Randy Higgins |
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no also does this work out the same at the state level for the states charging income tax? Comment from : zerxil k |
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Why do you keep saying "up to 50" and "up to 85" when it IS 50 and 85 for the amount within those ranges? You are confusing lots of people Or is there a formula to use to determine exactly what percentage is taxable within those ranges? Comment from : JD Rhea |
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Absolutely not👎🏼 Comment from : Bridgette Pinkelman |
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In my opinion social security should not be taxable Comment from : Gary Kyle |
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Hi from WA State: SS should not be taxable if total income is at the poverty line For income above the poverty line, it should be taxed at the regular rate I would like to see a decrease tax adjustment for seniors whos income is below 100,000 year Comment from : Ears |
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All the monies paid throughout the working years were being held by the government, without interest being paid And now they want to tax it? Completely greedy and unfair Comment from : Holly McDonald |
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Absolutely not We struggle daily Can't make it NOW We need a stimulus check from the ignorant government Comment from : marcia padilla |
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No, paid tax up frond and no interest earned Comment from : Richard Ryan |
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Should not be taxable Comment from : Diane Vitale |
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No People living on fixed-income are already living lower income Comment from : Cathy Harryman |
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Subscribed You are answering questions I've had for a long time! Thank you! Comment from : magenta44 |
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NO Comment from : KentuckyLady |
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SSI should definitely NOT be taxed Period Comment from : Jeff Darrell |
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Would’ve been nice if Could’ve given us an example of a single person Comment from : Angel Reed |
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Absolutely not! It has already been taxed Comment from : Kat Thompson |
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A BIG NO !!!!!! Comment from : edward fritz |
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Thank Ronald Reagan for your Social Security tax bill Comment from : Steve Blake |
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No Comment from : Diana B |
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Absolutely NOT!! Comment from : Sandra Oconnor |
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Should not be taxed We have already paid tax Why pay again? Comment from : Oscar Garcia |
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Absolutely not Comment from : Sandy Jolley |
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Over a certain amount I'd say yes Comment from : Pete morton |
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No, Social Security should never be taxable Comment from : Maubi Smith |
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SS should not be taxable This is double taxation(without representation) Comment from : Mike Powell |
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No, Social Security should not be taxable Comment from : B Bagley |
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No I don't make enough to live on now Comment from : Vera Fuson |
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Don’t tax Social Security! Haven’t we already paid taxes on that money? It’s time for an overhaul on taxes! And since they took that money in taxes before, how can they take more? How many times are they going to tax our money that we’ve already paid Now I see why politicians have so much money! They don’t use their own money! They use ours! Damn! Just about everything we have been taught in school and college is just BS! OH, BTW, I paid for my college loans but I continue to get contacted by people who want to help me pay my loans! AGAIN? Not going to happen! It’s time for any politicians who have been in office for more than 2 TERMS, needs to get a new job! TERM LIMITS! Presidents can only run for 2 terms, so why not Senators and Representatives That’s how PELOSI has made her MILLIONS! People! OPEN YOUR EYES! Comment from : Margie Whaley |
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My question is before your combined income is added to the social security table do you first account for the standard deduction which i believe is 12,000 something just under 13 Comment from : Larry Filbeck |
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No, social security should not be taxed! Nor should Medicare! Comment from : norma WITHROW |
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No… should not be taxable I already paid taxes on the amount that I put in Comment from : Edmond Russell |
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Social Security SHOULD NOT BE TAXED Comment from : Richard Morholt |
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No, We paid FICA for years Comment from : Laura Vivas |
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Hi Devon, thank you for your videos Today I had my phone interview with SSA I will start my benefits this coming October I asked the SSA rep about exceeding the early SS wage limits (currently $19560) I was told that should I go over the limit I would be penalized 1dollar for every 2 dollars over the limit I asked if my benefit would be adjusted and was told I would have to pay the overage penalty when i do my taxes Do you know if there is an IRS publication which addresses my question as I have been given 3 different answers from SS reps? Comment from : David Leigh |
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No Comment from : joymi2 |
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No Comment from : MARY MCQUEEN |
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What if I were to marry a foreigner that is not a US citizen? Comment from : Cynthia OBrien |
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