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I wouldn't worry about it ,Jack
(lemmy.world)
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this post was submitted on 24 Jun 2024
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Not necessarily. Social Security is taxable income. About 40% of people who collect it make enough to have to pay taxes on it. They’d be in the same tax brackets as the lower end of the working class. The remaining 60% make too little to pay taxes on their annual income.
https://www-origin.ssa.gov/benefits/retirement/planner/taxes.html#:~:text=About%2040%25%20of%20people%20who,in%20addition%20to%20your%20benefits.