I don’t know what the hell you are talking about HOWEVER I stand by my posting that we the Boomers are the most taxed generation in the history of this country !!!
I agree with you, Obie.
We have been self-employed (solo architect) the last 35 years. Raised 4 children, with only one modest car. (Still only have one modest car!)
There were some really good years when we could afford to stash some away. They kept changing of the tax laws on us, and that, combined with the ups and downs of the construction industry), meant we could never keep what we had saved.
It all went to .gov! Remember, self-employed professionals get very few tax breaks for stuff like health insurance. When we lost the 5 year averaging, it really stung us!
I feel so sorry for the next generation. We will get blamed for the mess they inherit, but it really wasn’t us, but the fools in D.C.
You don’t know what I’m talking about?
Really?
I thought it was a fairly straightforward question.
Did you ever pay taxes when the highest marginal rate was 90%, as it was before JFK lowered tax rates a bit? Nowadays, the highest marginal rate is 35%, thanks to Reagan and W.
Agreed. And I don't feel the least bit guilty when I say that I want it all back, every cent that was extorted from my payroll and my husband's payroll all these years.
Carolyn