Leave it to the greedy politicians and their wealthy puppet masters to come up with yet another “reform” that will benefit the upper class at the expense of the other 99%. This time it’s called the “Fair Tax”, and it's made of fairy dust for the entitled. Every GOP candidate for President appears to have … Continue reading “Fair Tax” by GOP would be fairy tale windfall for the rich
Seniors – get divorced and save on income taxes?
Now that nearly everyone, of every persuasion, seems to want to be married, seniors should advise the newly matrimonial-prone that true love expressed can cost you big bucks, when dealing with Uncle Sam. Here is a mock 1040 for a mythical single filer Herman Schmidlap: Herman is filing single, and the return would be the … Continue reading Seniors – get divorced and save on income taxes?
Social Security benefits keep dropping…
While there has been much discussion about the AMT (Alternative Minimum Tax) and revising it upward so it affects fewer people, Social Security benefits have not received the same attention.The SSA website notes:Beginning in 1984, includes up to one-half of Social Security benefits as taxable income for taxpayers whose adjusted gross income, combined with half … Continue reading Social Security benefits keep dropping…
White House and New Democrat Coalition – cut Medicare to subsidize world’s worst health plan
The new insanity is that instead of passing healthcare for all at no cost - the world standard - nitwits in Congress and the White House have decided to rape Medicare. One of the targets is home health care. The cuts are major and since the people involved are housebound, there is no danger of … Continue reading White House and New Democrat Coalition – cut Medicare to subsidize world’s worst health plan