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How your social security impacts your taxes is that 85% of your social security benefit will be taxable to you.
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The benefit will have no impact on your other income to be taxed, but 85% of your benefit will be taxed.
Once you are no longer making $110,000 per year, then the amount of social security to be taxed would be lower.
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You can CLICK HERE for a calculator that will help you determine how much of your social security benefit is taxable.
No, 85% of the benefit is taxed. So, if you had a benefit of $10,000 only $8,500 would be included in income
I used that figure for simplicity
Approx $1,827 would be taxed as income to you
Yes, it would be worth it to take your retirement now
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No, you will still safely be in the 28% tax bracket
Your profit sharing will not change, either