People over 65 should no longer be bothered by the IRS. Let them live out the remainder of their days in tax-free peace.
Or at least stop taxing SS benefits.
Nice idea. I love it.
But there is one little problem with it. Retired folk soon pick up the privilege of paying a new tax—on any required IRA and 401K withdrawals that being at age 70—or instead pay the IRS a high penalty if their withdrawal is not made on time.
Truly nothing is sure in life but death and taxes.