In fact, with the exemption in effect, shoppers from the suburbs and perhaps those from nearby parts of Connecticut, which has a 6.35 percent sales tax, might be enticed by a simple calculation: Shop for clothes (under $110) in New York City, and pay no sales tax. And city residents might be enticed to stay.
For example, if you're 64 years old, taking home $1,100 a month in Social Security benefits ($13,200 annually), and you earn $24,000 in wages in 2016, you can expect the SSA to reduce your 2016 annual benefit by $4,140 ($24,000 minus $15,720, then divided by $2). Your net benefit would be $9,060.
If you will reach full retirement age in 2015, the limit on your earnings for the months before full retirement age is $41,880. Starting with the month you reach full retirement age, there is no limit on how much you can earn and still receive your benefits.Let's look at a couple of examples: You are receiving Social Security retirement benefits every month in 2015 and you. Are under full retirement age all year.each full retirement age in August 2015. You are entitled to $800 per month in benefits. You work and earn $63,000 during the year, with $44,000 of it in the 7 months from January through July.