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  1. dacjohns

    Social Security Takes Another Hit

    Quote: It wasn't really a tax increase. In the spring of 2009 they adjusted the federal withholding tables to include the Making Work Pay tax credit. Instead of just receiving the credit off of your taxes at the end of the year, they lowered your withholding about $35 a month to ensure that...
  2. dacjohns

    Social Security Takes Another Hit

    Unfortunately, military retirees' and annuitants' COLA for 2010 is 0%. For many, this means their retired pay amount will actually decrease slightly, due to changes in income tax withholding and an increase in Medicare premiums for some. http://www.military-money-matters.com/military-pay.html
  3. dacjohns

    Social Security Takes Another Hit

    Quote: And to add insult to injury we had a tax increase. Pay decrease. What tax increase did you have? You really want me to go back and look at my earnings statement? I am drawing retirement for over 20 years service with the US Army. My retirement pay cost of living increase each year...
  4. dacjohns

    Social Security Takes Another Hit

    Quote: I doubt that. Will the SS system be broke? Yes. Will the government reneg on payments? No. It will just become another part of the federal deficit. And to add insult to injury we had a tax increase. Pay decrease.
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