I'm not sure about this. My older friends were just telling me the other day when they got an increase in SS benefits in COLA, it was wipped out by the increase in Medicare taxes. I think SS benefits may be taxed by Medicare.
Cutthroat: Retire at 40 was referring to a question about someone receive a pension, and wondering if that was subject to So. Sec. and medi-care taxes. His answer was correct. (Only earned income comes into play).
Regarding your old phart buddies and soc. sec. and medicare: The reason they were close to breaking even with cola and medicare is they had an increase in the "premium" you pay to medi-care. I think you were
confusing "premium" and taxes.
Hope you got over your post-election blues.