TRX heading for dbl bottom and possible wave 2 down? Looks like a bear flag is forming after having made a double top at the 1.34 Could with the bear flag target be making a possible double bottom around 1.00 Spekulative: I see as a possible wave 1 up with a very short and truncated 5th wave ending at 1.34.
Some people who get Social Security must pay federal income taxes on their benefits. But, no one pays taxes on more than 85 percent of their Social Security benefits. You must pay taxes on your benefits if you file a federal tax return as an âindividualâ and your âcombined incomeâ exceeds $25,000.
Taxation of Social Security benefits. Since the passage of the 1983 Amendments to the Social Security Act Social Security benefits are subject to taxation. The amount of Social Security income which is taxable depends on your taxable income. Most high-income retirees will have 85% of Social Security benefits taxable. For lower-income retirees, less than 85% will be taxable, but many retirees in a 15% tax bracket will face a marginal tax rate much higher than 15%.