More Than 60% of Americans Are Worried About Social SecurityTaxes. They're Right to Worry
For Americans who work hard all their lives and pay Social Security via payroll taxes, it can be frustrating to get to retirement and find out benefits are taxable too.
While not everyone pays taxes on Social Security benefits, most future retirees are concerned about the impact their tax obligations will have on the amount of money these benefits will provide -- and they're right to worry, as it's likely more retirees will be subject to taxes over time.
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Source Fool.com
