Chicago Cubs beat St. Louis Cardinals 8-6 in NLDS Game 3; Fans celebrate in Wrigleyville.
The amount a person can earn before he has to pay taxes on his social security income depends on how much he grosses. For a single person or a person filing as head as household, the gross amount he can earn before his social security benefits are taxable is $25,000. Married couples have a slightly higher rate. A married couple can earn $32,000 before the couple has to pay taxes on his social security. If he has more than one income, he still has to pay taxes on his base income, provided his base income is above $8000 for an employed person and $600 for a business.
Dan then discusses two thresholds. The first takes place at $25,000 for single filers and $32,000 for joint filers, above which as much as half of your benefits can be taxable. The second is at $34,000 for singles and $44,000 for joint filers and marks the point at which as much as 85% of your benefits can be taxable.