Posted by pat sublett on March 26, 2016 at 13:42:05 from (108.223.135.219):
In Reply to: Medicare question posted by rrlund on March 26, 2016 at 12:20:24:
There are a lot of pitfalls to retirement and a lot of efforts by the government to get what they can from you as well as a lot of inequality. I always paid maximum SS all my working life. I have a small company retirement. My 401K had a net loss of 8.5% last year. I cashed in some 401k and bought a new car. I paid 10% tax up front an 401k withdrawal. I had to cash in more 401K to pay my $10,000 tax bill even though I lost 8.5% for the year. I have a house and 10 not so valuable acres. My tax bill exceeded my total company retirement by $2,000 dollars. My attitude further deterated when one of my friends, whos entire family drives new or late model cars and lives in a new 2 story house, told me he had not paid any income tax in 20years further his son who works for him draws a 2500 dollar income equlazition return every year. It is past time for a simplified income tax reform. Understan, I am 80+ years old and havent earned a dollar in 15 years.
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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