This is a retirement pension but I do not qualify for social security for another year. This income was taxed. Why is it treated differently than social security?
This is a retirement pension but I do not qualify for social security for another year. This income was taxed. Why is it treated differently than social security?
If you add up all the taxes you pay now, Fed. Income tax, FICA, Social Security, State tax, City tax, Local tax, Property tax, Sales tax, Gas tax, etc., already most of your income goes toward paying taxes.
What percentage will be too much. Will you work when every penny you earn goes to pay your taxes or will you just say to hell with it all?
If you add up all the taxes you pay now, Fed. Income tax, FICA, Social Security, State tax, City tax, Local tax, Property tax, Sales tax, Gas tax, etc., already most of your income goes toward paying taxes.
What percentage will be too much. Will you work when every penny you earn goes to pay your taxes or will you just say to hell with it all?
