Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

madfloridian

(88,117 posts)

4. How many realize that Social Security is double taxed?

Reply to HiPointDem (Reply #3)

Thu Dec 20, 2012, 05:16 PM

Dec 2012

We have had several HUGE tax bills due since we retired. If you have other income you better be sure to voluntarily deduct 7% a month from SS and a good amount from the pension.....and even then there are shocks.

Edit history

Please sign in to view edit histories.

21 replies

= new reply since forum marked as read

Highlight:

Rescuing Social Security again...and again...and again. Same song, many verses. [View all] madfloridian Dec 2012 OP

K&R. Every DUer should read this. MannyGoldstein Dec 2012 #1

Yes, and they have gotten very good at perpetrating it. madfloridian Dec 2012 #5

Points out that it is not just about the elderly.. madfloridian Dec 2012 #2

kr. the 1983 fix was supposed to 'save' ss for the boomers -- that was supposedly the reason HiPointDem Dec 2012 #3

How many realize that Social Security is double taxed? madfloridian Dec 2012 #4

Moynihan "acknowledged that the insolvency of Social Security was a hoax" madfloridian Dec 2012 #6

The thing I don't get is what do they get for it? hootinholler Dec 2012 #7

The General Fund won't have to repay the money borrowed from MannyGoldstein Dec 2012 #8

You know the 2% payroll tax cut...is it still on? madfloridian Dec 2012 #9

Current Democratic and Republican proposals both end the payroll tax cut nt MannyGoldstein Dec 2012 #11

Thanks. madfloridian Dec 2012 #12

It's a successful and popular example of "big government" JHB Dec 2012 #13

Shrinking government. madfloridian Dec 2012 #14

Not redux JHB Dec 2012 #15

Yep. Sure doesn't matter who's president. They're all the same when it comes to forestpath Dec 2012 #10

The Republican Noise Machine convinced everyone SS was in crisis. madfloridian Dec 2012 #17

We need real leaders. Dems have allowed, and probably even aided and abetted sabrina 1 Dec 2012 #20

Yes. madfloridian Dec 2012 #21

J. K Galbraith at Truthout, on changing the cola. madfloridian Dec 2012 #16

And we'll CONTINUE to have to "save" SS as long....... socialist_n_TN Dec 2012 #18

Exactly right. madfloridian Dec 2012 #19