Tuesday, April 22, 2008

Re: taxes, taxes

Reply: Dad and I kind of like getting social security and it keeps us away from overdraft protection notices so we would rather you not revisit that.

LBOTC: Well, we should revisit it for baby boomers born between 1946 and 1960. Those of us born after 1960 can’t retire at full benefits until age 67, and have had to pay the higher taxes imposed to pay for the baby boomers in 1983 for our entire working lives. And the social security trust fund is on track to run out of money in 2041 when those of us born in the 1960s and early 1970s will be in mid-retirement.

No comments: