2007-01-31 06:59:05 · 3 answers · asked by S Gary K 1 in Business & Finance ➔ Taxes ➔ United States
Yes, social security is taken out of your earned income along with federal taxes, medicare contributions and any state tax if applicable
2007-01-31 07:07:07 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Yes, a portion of their Social Security is probably taxable. It is wise to seek the Advice of a Financial Planner regarding this. A person who is going to continue to work after retirement full time may be advised to hold off on drawing their SS Benefits.
If you are asking about someone on Disability drawing benefits and working full-time, that is Fraud and that person is stealing from all tax payers.
Good Luck & Blessing
2007-01-31 07:05:52 · answer #2 · answered by Wood Smoke ~ Free2Bme! 6 · 1⤊ 1⤋
Yes, if you are receiving SS benefits but still work and get a paycheck, you will have to pay social security tax on those new wages.
However, there's only a certain amount that you can work and still collect SS benefits. If you're working full time, they will take away your SS benefits.
2007-01-31 07:09:20 · answer #3 · answered by Anonymous · 0⤊ 1⤋