Social Security Tax

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Dictionary Says

Definition of 'Social Security Tax'

The tax levied on both employers and employees used to fund the Social Security program. Social Security tax is usually collected in the form of payroll tax or self-employment tax. The Social Security tax pays for the retirement and disability benefits received by millions of Americans each year.
Investopedia Says

Investopedia explains 'Social Security Tax'

The funds collected from employees for Social Security are not put into a trust for the individual employee currently paying into the system, but rather are used to pay existing retirees. Also, Social Security tax can refer to the tax on the benefits received from Social Security. In the past, Social Security was tax free, but today if you have other substantial income along with your benefits, you will likely end up paying some tax on them.
Search results for

'Social Security Tax'

  • Avoid The Social Security Tax Trap

    http://www.investopedia.com/articles/pf/08/social-security-tax.asp
    Avoid The Social Security Tax Trap. ... They are stuck paying tax on thousands of
    dollars in Social Security income they thought was tax free. ...

  • Create Your Own Social Security Fund

    http://www.investopedia.com/articles/retirement/10/create-your-own-ss-fund.asp
    ... While you can't stop paying Social Security tax from your paycheck, you can create
    your own additional fund for yourself using the same percentages. ...

  • Top 7 Social Security Myths: Exposed Slideshow | Investopedia

    http://www.investopedia.com/slide-show/social-security-benefit-myths
    ... benefit. Tax On Social Security Is Minimal. In ... 2000. Read Avoid The Social Security
    Tax Trap for more. Benefits Do Not Offset Inflation. This ...

  • Top 7 Social Security Myths: Exposed Slideshow | Investopedia

    http://www.investopedia.com/slide-show/social-security-benefit-myths/federal-tax-rate.aspx
    ... benefit. Tax On Social Security Is Minimal. In ... 2000. Read Avoid The Social Security
    Tax Trap for more. Benefits Do Not Offset Inflation. This ...

  • Top 7 Social Security Myths: Exposed Slideshow | Investopedia

    http://www.investopedia.com/slide-show/social-security-benefit-myths/breakeven-age-calculation.aspx
    ... benefit. Tax On Social Security Is Minimal. In ... 2000. Read Avoid The Social Security
    Tax Trap for more. Benefits Do Not Offset Inflation. This ...

  • Top 7 Social Security Myths: Exposed Slideshow | Investopedia

    http://www.investopedia.com/slide-show/social-security-benefit-myths/lose-early-benefits-work.aspx
    ... benefit. Tax On Social Security Is Minimal. In ... 2000. Read Avoid The Social Security
    Tax Trap for more. Benefits Do Not Offset Inflation. This ...

  • Top 7 Social Security Myths: Exposed Slideshow | Investopedia

    http://www.investopedia.com/slide-show/social-security-benefit-myths/payments-deduction-trust-fund.aspx
    ... benefit. Tax On Social Security Is Minimal. In ... 2000. Read Avoid The Social Security
    Tax Trap for more. Benefits Do Not Offset Inflation. This ...

  • Top 7 Social Security Myths: Exposed Slideshow | Investopedia

    http://www.investopedia.com/slide-show/social-security-benefit-myths/federal-insurance-contributions-act.aspx
    ... benefit. Tax On Social Security Is Minimal. In ... 2000. Read Avoid The Social Security
    Tax Trap for more. Benefits Do Not Offset Inflation. This ...

  • Top 7 Social Security Myths: Exposed Slideshow | Investopedia

    http://www.investopedia.com/slide-show/social-security-benefit-myths/inflation-cola-cpi.aspx
    ... benefit. Tax On Social Security Is Minimal. In ... 2000. Read Avoid The Social Security
    Tax Trap for more. Benefits Do Not Offset Inflation. This ...

  • Top 6 Myths About Social Security Benefits

    http://www.investopedia.com/articles/retirement/08/6-retirement-myths.asp
    ... (For more information on retirement income taxation, read Five Tax(ing) Retirement
    Mistakes and Avoid The Social Security Tax Trap.) Myth No.6 - Social ...

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