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Do we pay twice when it comes to Social Security in the US?

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Here is the History of the taxation of benefits : Social Security History Short answer No. The taxation of benefits started in 1984 with the Social Security reform act of 1983. read more

Social Security is a valuable benefit, but the taxes people pay are often large. For those who qualify for these three exemptions, getting out of paying Social Security taxes can make their paychecks a little bit bigger -- even if it comes at the cost of receiving those benefits in the future. read more

This week, Gail explains how the government takes away a piece of your Social Security benefits. Dear Friends, Next time you want to inject a spark of life into an otherwise dull family get-together, just bring up the taxation of Social Security benefits. Then prepare to stand back and shut up. read more

Between income tax withholding, Medicare, and Social Security taxes, most people aren't happy to see how much less their take-home pay is than their gross pay. The ability to avoid paying Social Security taxes can make a big difference in the size of your paycheck, but for the most part, it's hard to get out of paying them. Nevertheless, there are a few Social Security tax exceptions that can apply to keep you from having to see those payments taken out of your check. read more

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