I started paying my SS taxes at the age of 12 and continued the rest of my life. Now I am starting to get some of MY money back, course I get to pay more taxes on MY already earned money that I didn"t receive, since I have additional income.
On those on SS without additional income over the minimum number, surely there is a stipulation in the package as to being able to receive it when you are not required to file a 1040 under the IRS code. I would surely check it out. Maybe you just file one this year just to qualify even though you will just be going through the motions.
I have already received my notice indicating what you said about having to file this year. Interesting that it came from the IRS. I think I like that.....using taxpayers (including retired taxpayers on SS) as a basis for the handout. Gives it some accountability as to who deserves it...if you get the gist.
Course you know as well as I that it IS income and as such there will be a special line on the 2008 1040 to record it since it isn"t wages.
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Today's Featured Article - Gatherin of the Orange - by Rick Nikolich. In July of 1998 I was talking to fellow Allis Chalmers collector Mike Schilling about the annual "Gathering of The Orange" AC show coming up in August of 1999. He got this wild idea that we should get a convoy of AC tractors and drive them from Charlotte, Michigan 105 miles to LaGrange, Indiana.
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