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Old 10-10-2009, 10:25 AM
 
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Quote:
Originally Posted by NewToCA View Post
As I understand social security, it works out as follows:

- If you are under "full retirement age", they deduct $1 for every $2 you earn above $14,160.
When you say "every $2 you "earn" are you referring to passive as well as active income, passive being just things like interest on a bank account? IOW, if a person's sole income comes from CD interest, for example, does that person have the same threshold of $14,160 as the person who earns the exact same amount working on a job?
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Old 10-10-2009, 10:42 AM
 
8,191 posts, read 11,905,691 times
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Quote:
Originally Posted by thrillobyte View Post
When you say "every $2 you "earn" are you referring to passive as well as active income, passive being just things like interest on a bank account? IOW, if a person's sole income comes from CD interest, for example, does that person have the same threshold of $14,160 as the person who earns the exact same amount working on a job?
No.
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Old 10-10-2009, 01:32 PM
 
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(wipes brow) Whew!
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Old 10-10-2009, 05:11 PM
 
Location: Sacramento
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Quote:
Originally Posted by thrillobyte View Post
When you say "every $2 you "earn" are you referring to passive as well as active income, passive being just things like interest on a bank account? IOW, if a person's sole income comes from CD interest, for example, does that person have the same threshold of $14,160 as the person who earns the exact same amount working on a job?
Active earned income, not passive income.
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Old 10-11-2009, 06:55 PM
 
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Quote:
Originally Posted by NewToCA View Post
Active earned income, not passive income.
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