I am retired - working PT - Do I have to- pay SS Tax?

Assumption your in USA.

Ask your accountant, but YES.

http://www.irs.gov/businesses/small/article/0,,id=98846,00.html

1) You’re not retired if you’re working. You’ve just left the job you had.

2) Yes. All employees pay SS tax.

Even if I am collecting SS benefits as well??

Why wouldn’t you? You’re still working.

@rhackbar

Read the info at the SS website it will save penalties and they will withhold your SS payments you are receiving. $399 for employment = Zero SS, anything higher means you have to make payment for self employment. That’s per year.

Ask your accountant before you have to ask your lawyer.

if you are on an employer’s payroll the employer is required by law to withhold 6.2% for Social Security and 1.45% for Medicare regardless of your having retired from a prior career or your age or anything else.
If you are being treated as an independent contractor, then the employer will not be withholding taxes on your compensation. If the employer pays you more than $600 in a calendar year, he is required to file a form 1099, which is a report of payments made without taxes being withheld.

Depending on what you have earned at other places, you may be responsible for self-employment taxes. Talk to someone who does personal taxes.

I think you pay it until you’re 65.

@westy81585

You pay if you work and are paid over $399, age has nothing to do with payment.

@Tropical_Willie I was under the assumption that once you reach the age of being given medicare you don’t have to pay into it anymore? I guess I was wrong (not entirely shocked here, but jsut didn’t know)

@westy81585

Taxes do not disappear as one ages. No matter how old you are at the moment, that is one thing you can count on that won’t change.

There are some tax restrictions that do go away when you reach a certain age; most notable is the 10% penalty on removal of funds from IRA or 401k accounts that is waived if you are over 59½ years old.

SRM