Social Security Taxes are Boring
Do you know how much Social Security taxes you’ve paid in 2016? Do you even pay attention to this number? Naturally, I wouldn’t have had if it wasn’t through my husband. In general, Social Security taxes are boring. As long you’re earning wages or self-employment income, you’ve no way to minimize these taxes. The money you’re putting into tax-deferred accounts (such as 401(k), 403(b) or HSA) are still subject Social Security taxes. My attitude used to be, “why bother?”.
Then, in 2012, my husband and I started earning wages in California. And my husband’s wage was high enough that this line on one of his paychecks caught his attention.
