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Good News, Bad News: Avoiding FICA Taxes Can Lead to Lower Social Security Benefits
Michael Kitces in Nerd's Eye View 
Jan. 28, 2015 "[B]ecause of the so-called 'bend points' used to calculate an individual's Primary Insurance Amount under the Social Security rules, not all FICA tax avoidance strategies have the same consequences.... In fact, those who don't have enough years of income to qualify for Social Security benefits may even want to pay more in FICA taxes, to both increase their benefits and ensure that they can receive those benefits at all!" MORE >> |
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