Retirement funds,come on huh? We the boomer generation have been the most TAXED generation in the friggin history of the country. True there have been opportunities for some but we’ve also been expected to carry the financial water for a country that’s gone big time socialist with welfare,disability as well as education,highway system cost,foreign aid and tons of other special interest expenses.Save me the BS of retirement funds huh !!!
Ditto and don’t forget about AMT.
You bet. And they've come at us with every tax in the past 30 years. Ironic, they call the boomers lazy, stupid, greedy, spoiled etc, yet my non-boomer parents bought their first home in about 1951, it was brand new for like $4,000. Mom never had to work, and good ol Dad and Mom raised our entire family on one income..We had two cars, TV, campers, vacations, great affordable health insurance etc. I remember Dad going to the gas station and saying, "gimmie a bucks worth or regular".
My folks first home is still there, and I'd bet if purchased today, the first 3 months of mortgage payments would equal what they paid for the home in 1951.
Did you ever pay a 90% top marginal tax rate?
Amen, Obie Wan.
If you want to indulge yourself in a very depressing exercise, add up all of thetaxes you pay, starting with the roughly 15% Social Security tax (direct from you and the equal amount from your employer). By the time you are done, you will have a solid case of the blues.
Sheeite, that's nothing, wait until those ofus younger than you get astuck paying for our senior prescription coverage and health care, with a housing market all shot to hell because you are all in retirement homes.