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Old 07-16-2015, 01:18 AM
Hopeless Hopeless is offline
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Join Date: Jun 2013
Location: USA
Posts: 1,232
10 yr Member
Hopeless Hopeless is offline
Senior Member
 
Join Date: Jun 2013
Location: USA
Posts: 1,232
10 yr Member
Default Confused

Quote:
Originally Posted by Rayandnay View Post
Due to taxable insurance annuity from my former employer, I pay social security taxes every year until age 69
FICA taxes and Medicare taxes are withheld from WAGES. I am confused by your post.

Are you saying that 6.2% of your annuity payments are being withheld for FICA? And Medicare taxes are also being withheld?

Are you also having Federal Income Tax withheld from the annuity payments?
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