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Hoyt

(54,770 posts)

3. Confused me too, but article sort of explains. If one continues to work

Reply to Angry Dragon (Reply #1)

Sun Dec 24, 2017, 12:32 AM

Dec 2017

while drawing SS, SS is subject to income tax past a certain threshold. Those taxes apparently go into the SS Trust Fund (which I never really thought about). If the tax rates and resultant collections are lower, less goes into SS Trust Fund.

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The tax cuts ignore this impact on Social Security's finances [View all] Zorro Dec 2017 OP

This post is confusing ......pay-roll taxes fund SS Angry Dragon Dec 2017 #1

I thought so, too. Igel Dec 2017 #2

Confused me too, but article sort of explains. If one continues to work Hoyt Dec 2017 #3

If you collect SS before reaching your full retirement age, currently 66, set to start rising PoindexterOglethorpe Dec 2017 #4

The "extra" dollars raised by the FICA tax were "borrowed" karynnj Dec 2017 #7

imagine if they did that with other debts like bonds... yurbud Dec 2017 #10

Big misinformation promulgated here. JayhawkSD Dec 2017 #5

Complicated modrepub Dec 2017 #6

True enough. JayhawkSD Dec 2017 #8

The SS Surplus does go into US Bonds modrepub Dec 2017 #11

payroll taxes have to pay BACK money borrowed from SS yurbud Dec 2017 #9

Isn't that exactly what the GOP wants? Nitram Dec 2017 #12

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