Gone4Good
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Sep 9, 2005
- Messages
- 5,381
I'm curious if there's a simple source or rule of thumb regarding what kind of benefit increase one might expect from Social Security for paying one additional dollar in Social Security taxes (assume no other income taxes apply.)
I know I can go to the SS website and play around with their calculator. I also know it's probably supper specific to each person's age, marital status and work history. Still I'm wondering if anyone has already thought this through?
Alternatively, if you could choose to pay into the system, would it be a good investment to pay more in SS taxes in exchange for the increased benefit?
I know I can go to the SS website and play around with their calculator. I also know it's probably supper specific to each person's age, marital status and work history. Still I'm wondering if anyone has already thought this through?
Alternatively, if you could choose to pay into the system, would it be a good investment to pay more in SS taxes in exchange for the increased benefit?