37 States That Don't Tax Social Security Benefits

Better not tax it,most of these drivers will be counting on that,since they don't have a pension or ira.

Bad enough they take Medicare fees out of your ss check, from what im told they do,I'm still many years away to collect,but I'm retiring soon

 

Illinois is talking about putting a levy on people's property when they sell it if they leave the state.

I find it to be a most bizarre place, because everyone seems to be hard working.

I'm thinking the mistake by the lake causes many of it's woes.

 

The "Mistake by the lake" Is Cleveland,Oh... Officialy. lol

 

My wife and I planning our next move stuff like this helps a lot we coming west baby lol we not liking VA

 

there shouldn't even be ANY taxes, state OR federal on SS benefits...PERIOD. we did our time, paid our taxes more than enough to support this country. now it's time, for our country to support us.

Yes, @stayinback ...Medicare takes out an automatic deduction for our medicare! WHICH on top OF THAT, WE NEED "GAP" OR EXTRA INSURANCE to cover us for the extra where Medicare fails to...and it ain't like that extra coverage is cheap.....(technically it can be depending on who you get it from)

 

I paid into Medicare out of the Disability for a number of years I think at a rate of about 150.00 a month cash money. DHS eventually took over the premiums.

Part C however and Part D run the risk of having dedcutions from the disability to pay for it. I have already made the decision to quit the Part C entirely and put the deduction back into my monthly income. The 2020 copays are literally cash due from you retail. The copays for eveything on part C has pretty much gone away. You will pay more in total monthly deductions than you will enjoy in copays for hearing aids or glasses or whatever. The dental losses is even worse.

I am one prescription change and one evaluation away from calling the insurance to kill the Part C entirely. I am not legally required to hold it.

Whats really crazy in a few years into the 60's I will transition from Medicare to medicaid which is itself even more restricting. People on Medicaid do not get good care. They end up just "Existing" I for one don't intend to be that. It would be better for me to be dead.

The entire Social Security program will be out of money around 2034. What will happen at that time since Congress has repeat failed to double the payroll taxes (Literally not enough American workers hourly or salary to pay for the retirees...) is that SS will impose a mandatory and permanent 24% cut in all benefits across the board. And that is just tot start.

If I got awarded 1.00 in benefits and COLA increases that .01 to .03 a year in 20 years I would be pulling 1.40 in benefits. When the 2034 cuts come (About 15 years from now...) my benefit check will be around 1.70 using a .02 average increase in COLA each year until 2034. That will be slashed to 1.56 a month.

This will give you time to prepare. So you have no debts and so on by then. Social security of ALL types is the LARGEST single budget item that is mandatory. (When medicare and medicaid is included as it was from 1966...) the program total budgeting approaches trillions per year much much much larger than military total.

The situation WILL get worse. We are aging as a population and will continue to do so for approximately 44 years into the future. At that point enough elederly has or would have died off so that the National age will be almost 30. A land of children essentially by then. It is safe to assume SS will cease to exist sometime into that future past 2040. So if you are paying into it while in your 20's or early 30's you will never see that money.

And that will cause big problems in our Society. Which would be way beyond the ability of this thread to discuss and address.