[Logical me]

I'm still steamed. Where do we get these brain dead politicians. Contact all your Senators and explain that the retired and quite often "out of work" will be hurt. Also forgot to mention that hundreds of thousands of workers opp ed out of SS and built their own retirement. I could go on but I think that is enough to start a momentum to kill this stupid approach to correcting the income tax. Any better thinkers out there? We need you badly.

[Abby4116]

Pensions, dividends, interest, social security payments are all being taxed now. 401's, 403's, IRA's are taxed when you take the money out. Spending usually goes down when you are no longer working. Provided a "subsistence" level is credited, I think we will all be saving money with this approach. Any income you save will not be taxed until you spend it.