If you’re a senior citizen making less than $50K a year, Barack Obama wants you to be free of income taxes.
Absurd. It would drain billions from the Treasury, come to be seen as another entitlement for seniors, and be a relatively unneeded benefit for the age group that already has the country’s lowest poverty level.
As the story points out, if you’re a senior already making $50K, you probably own your home, and own it free and clear, meaning you have a lot less overhead to boot. Plus, you get an extra income tax deduction and your Social Security benefits aren’t fully taxed.
This is pandering with a Grade-A Shinola sheen on it.
No comments:
Post a Comment
Your comments are appreciated, as is at least a modicum of politeness.
Comments are moderated, so yours may not appear immediately.
Due to various forms of spamming, comments with professional websites, not your personal website or blog, may be rejected.