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Old 08-19-2014, 09:48 AM
 
Location: Connecticut
206 posts, read 345,275 times
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I assume the answer is no, since they've already been taxed for Social Security. Can someone confirm this for me? Thanks.
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Old 08-19-2014, 09:51 AM
 
3,754 posts, read 9,611,799 times
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Nope, no SS tax. They are not earned income when withdrawn but were subject to SStax when earned.
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Old 08-19-2014, 10:18 AM
 
2,429 posts, read 3,228,161 times
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Why WOULD they be subject to social security tax?
You've paid the SS tax on the money when you worked for it....back when it was earned.

Now, could you have really meant to ask whether it's subject to INCOME tax when withdrawn?
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Old 08-19-2014, 10:43 AM
 
Location: Florida
4,375 posts, read 3,712,866 times
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Quote:
Originally Posted by rdflk View Post
Why WOULD they be subject to social security tax?
You've paid the SS tax on the money when you worked for it....back when it was earned.

Now, could you have really meant to ask whether it's subject to INCOME tax when withdrawn?
SS taxes you paid was subject to income tax and are subject to income tax again when you get the SS benefits. Thus you pay twice on your contributions.
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Old 08-19-2014, 10:56 AM
 
Location: in the miseries
3,302 posts, read 3,583,976 times
Reputation: 3810
Subject to income tax though
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