04-15-2026, 06:13 PM
another 1.45% for Medicare tax for a total of 7.65% … thus remitting to Uncle Sam a TOTAL of 15.3%
That’s what I did since the 1980’s.
Now in my golden years, I pay taxes on a large portion of my social security, and over $2000 a year for Medicare. If I’m draining the retirement system for the last few years, it’s because I filled it for decades prior. Also, I’m now being taxed on the taxes I paid into the system.
But as Warren Buffet says, it’s better than the alternative. (For those unfamiliar with his observation: dead.)
That’s what I did since the 1980’s.
Now in my golden years, I pay taxes on a large portion of my social security, and over $2000 a year for Medicare. If I’m draining the retirement system for the last few years, it’s because I filled it for decades prior. Also, I’m now being taxed on the taxes I paid into the system.
But as Warren Buffet says, it’s better than the alternative. (For those unfamiliar with his observation: dead.)