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  • Yes, but the part of Social Security that's taxable depends on your income. At the highest income levels, 85% of your Social Security income is subject to income tax. Very low income people will have no income tax to pay. Most people end up paying income tax on only 50% of their Social Security income.

  • Login to rate this answer:   Answered on 5/6/2013
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.