Taxes Affecting Your Retirement
Over the span of your working days, Social Security taxes are withheld from your salary or self-employment tax. Many people are surprised to find out that their Social Security benefits may be taxed once they retire.
The amount you could be paying depends on your other forms of income. If you fall within a certain tax bracket, you will be required to include 50% to 85% of your Social Security benefits in your total income subject to regular taxes.