What government pretends to owe... The Social Security Trust Fund of some $2.8 trillion is often listed in charts - such as the one above - as part of the National Debt. This particular graphic, the latest available, is from the Federal Reserve, an institution that is part of the huge debt and is owed … Continue reading Federal Reserve is now big part of National Debt for bailing out banks; Social Security $$ not owed to us?
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?