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09-21-2011, 12:10 PM
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#11 |
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Person who doesn't update the user title
Join Date: Jun 2010
Location: Bottom lands of the Missoula floods
Posts: 6,402
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Social Security is taxed as ordinary income...
and there is no withholding during the year so retirees can get caught with unexpected taxes (depending on their other incomes) ETA: also, each monthly SS payment includes a $45.50 deduction for Medicare I suppose Merc would call all this double and triple taxation. Last edited by Lamplighter; 09-21-2011 at 12:27 PM. |
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