Talk of The Villages Florida - View Single Post - Increase in Social Security offset by a larger increase in Medicare premiums
Thread: Increase in Social Security offset by a larger increase in Medicare premiums
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Old 11-29-2021, 07:03 AM
beaglebrain beaglebrain is offline
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Angry SSA benefit increase - Really?
Depends what boat you are in...
The increase in SSA benefit was the same as the increase in Medicare premium for me - dollar for dollar. Same for my wife. So, I paid income tax on the SSA increase only to give the increase right back to the GOVERNMENT. I got no net increase in income. So the GOVERNMENT got more tax money with no net payout - just some accounting slight of hand. I expect the same for 2022.