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morokoy

09/20/23 8:53 PM

#107497 RE: Elroy Jetson #107496

Yup, 85% taxable , and if you have a windfall year, 2 years later you get to pay Medicare more.

santafe2

09/20/23 8:54 PM

#107498 RE: Elroy Jetson #107496

Maybe not as clearly as I could have proposed, I was talking about those folks living on Social Security and making near $44,000. The median income in 2022 for retirees in the US is ~$47,600. That's just enough to get you into the 85% taxable arena. As you said, thanks Mr. Morning in America.