3 Answers

I don't pay any tax on my S.S.......

If the question is how much "Federal Income tax" does one paid on their Social Security Retirement Income, rather than one earnings when they were working, then the answer is a different answer than  I posted.

Originally one benifit were not taxable as ordinary income.

The Congress at one point decided reciepents should pay Federel Income tax on benifits, since there ware no taxes paid on the Employers half of FICA.

The tax RATE one pays on their SS retirement income is based on the source and amount  of their annual income.

Basicly the higher ones income, the higher tax rate one pays,from Zero  up to the Maxium rate of 32%.

If one gets involved in the Alternate Minimum Tax Law,  one could end up paying ALL of the SS Benifit back the the Treasury as tax due, because the lose all gross income dedutions avalilbe to lowe omcome taxpayerss .

The employer and the employee each pay 6.2%, however Obama convinced the Congreess to reduce the employee deduction by 2% inn 2011.

FICA was historically been a FEE, but Obama began to call it the "Payroll Tax" to confuse the average taxpayer into believing the were getting an "Income Tax" reduction, so he could claim he reduced their income tax RATE as did President Bush for every taxpayer.

Currently the 2% loss to Social Security is being considered for reduction for the balance of 2012 which will take another $350,000,000,000,000 (BILLION) OUT of Social Security in 2012 as it did in 2011 and ADD another $700,000,000,000,000 (BILLION) to the $15,000,000,000,000,000 (TRILLION)National debt

Is that the "Change" you voted for in 2008