The 'Retirement Earnings Test' Isn't A Social Security Tax

The 'Retirement Earnings Test' Isn't A Social Security Tax
AP Photo/Patrick Semansky, File

For many seniors, Social Security benefits are an important source of retirement income. That's why it's not a surprise that a substantial number of retirees make an important decision with the goal of avoiding a huge tax on these benefits.

The only problem is, what some retirees believe is a "tax" isn't actually one at all. 

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