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Printed from https://writing.com/main/books/entry_id/332949-Baby-Boomer-Math
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Rated: 18+ · Book · Adult · #941759
Opinion and views on what is and what is not being reported on...
#332949 added March 5, 2005 at 11:32am
Restrictions: None
Baby Boomer Math...
Ask Bush and his administration about this:

The Social Security surprise:

You worked all your life and spent over 45 years contributing to Social Security. Every dollar you “contributed” was taxed when it was earned.

You’d think that your money coming back from Social Security would be tax-free. Years ago, it was-tax free. After all, you already paid tax on those dollars.

Wrong, O Aged One. Depending on your income, as much as 85% of what Social Security pays you may be subject to income tax. Some people call that double taxation. The government disagrees and says that you are getting your contributions returned tax-free in the 15% not taxed.

I can see the governments position. Now I just have to live to age 168 in order to fully get my own money back.

Personally, I think it's time for a tea party similar to the one held in Boston.


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Printed from https://writing.com/main/books/entry_id/332949-Baby-Boomer-Math