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 Form W 4V Rev August Fill in Capable Voluntary Withholding Request 2003

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when you start drawing Social Security you will receive a 1099 from the government that is because most people half of people who have to pay taxes yes even people on disability will have to pay taxes income taxes federal taxes to the IRS Six States also tax it so you will get a 1099 and this shows you how much money the Social Security is bringing in from taxes look at the far right column and 25 they only started taxing Social Security 1983 but they're making money on it so no they're not going to back that down but look how much they make on it in millions boom so they're making more every year because they don't raise how much the threshold is it's not index for inflation so by 2030 they said 56 percent of Americans will be paying taxes on their social security this shows you that of all the people that file taxes 67.5 percent that 56.2 percent will be paying income taxes federal income taxes on their social security by 2050 the government is

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