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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (99204)	10/18/2018 5:20:03 PM
From: Wharf Rat	Respond to of 357275

" a cap on payouts." We more or less have that.We can push it up the taxes to 99% for the very rich. The revenue goes back to the SSTF. Calculating Your Social Security Income Tax If your Social Security income is taxable, the amount you pay in tax will depend on your total combined retirement income. However, you will never pay taxes on more than 85% of your Social Security income. For the 2017 tax year, single filers with a combined income of $25,000 to $34,000 must pay income taxes on up to 50% of their Social Security benefits. If your combined income was more than $34,000, you will pay taxes on up to 85% of your Social Security benefits. For married couples filing jointly, you will pay taxes on up to 50% of your Social Security income if you have a combined income of $32,000 to 44,000. If you have a combined income of more than $44,000, you can expect to pay taxes on up to 85% of your Social Security benefits smartasset.com