Tax Eliminated on Social Security Benefits - Mouse Print Says NO!

If a retired couple on fixed annuities show combined income lower than 150k, depending on location, the new rates can be a huge difference. I wouldn't categorize them as "lower" income.
Nor would I, but "lower" is a relative term. Some one making $300K a year or more would consider $150K to be "lower," I imagine. Unfortunately, I don't have that "problem."
 
I think the total number of taxes levied is close to 100.
One time the IRS decided to levy me a $1000 A DAY penalty for not having an administrator for a company retirement plan, for 3 employees including the owner. The gross receipts of the company were only $425k a year. Each employee got a check at the end of the year for 15% of their gross wages (maximum). They (each individual) administrated their funds themselves, clearly stated in the law as written.
You couldn't believe how long it took them to actually read the law they were "enforcing".
Congress actually passed a law that allowed individuals to sue the IRS for gross incompetence.
Wow now I am paying for both attorneys to argue with each other! GREAT SOLUTION!!!! No wonder we are in debt to the tune of $105,000 per citizen.
 
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Try to guess what the record is for time drawing a Federal pension? Pop did some research and it is over 100 years. Any time you make a rule the cockroaches will figure a way around said rule. My wife, who is state retired employee has a hard time understanding the difference between her pension which disappears when she passes, and my CD's which go to the heirs when I pass. unless I outlive every one of them.
I believe that was a civil war pension. The practice was for a civil war vet in their latter years to marry a teen family friend. He died in a few years and the teen bride received his pension until her death. That was stopped a hundred years ago by legislation not allowing the pension to carry over past the wife you were married to when you filed for the pension.
 
I believe that was a civil war pension. The practice was for a civil war vet in their latter years to marry a teen family friend. He died in a few years and the teen bride received his pension until her death. That was stopped a hundred years ago by legislation not allowing the pension to carry over past the wife you were married to when you filed for the pension.
In the UK that went the other way in the 21st century with UK civil service pensions. In light of the realities of modern life, subsequent spouses are now entitled to half of their spouse's pension when he/she passes on. Not really that big a deal as most UK civil servants cannot collect their pension until they are 60.
 
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