[CatOwner]

So, how do you label a couple expected to earn $70k with one on social security (which at this income level is mostly taxed), one with a modest non-union pension, and interest income?

Not counting the deduction for state income taxes (which wouldn't be much any because California doesn't tax SS yet!), we're looking at $50-75 less each month. For a couple on fixed income sources, this is not trivial.

[rbmillerjr]

Cat, I don’t know you specific situation, but the largest percentage tax rate cuts are from people making 75k and lower - and 100K and lower.