Avoiding Tax on Social Security

[RLymanC]

Respond

I respond with totally false information......hope it drives them nuts. I even go so far as to call from a pay phone.

[FEDUKE404]

More on "the plan"

This link from 2007 might be of interest:

http://www.taxalmanac.org/index.php/Discussion:A_new_tax_scam%3F

Excerpt:

",,, it is an old annuity marketing gimmick.

Take your money out of CDs (interest is taxable) and put it into a fixed annuity (tax deferred). If you reduce your income enough, then your Social Security will not be taxable.

This ONLY works for people who have low income (bonus points: at what level of income does Social Security become partly taxable? At what point does it become 85% taxable?)

Been there, seen that. ..."

FE