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LooseWilly

(4,477 posts)

9. Well, to be fair, when SS benefits are cut for the wealthy, they have to draw more from their IRAs..

Fri Apr 12, 2013, 06:12 AM

Apr 2013

and, unlike SS which caps out at a taxation rate of 85% of your SS income counting toward your Adjusted Gross Income, potentially all of your IRA distributions will be taxable- and taxable as income, not capital gains or preferred stock! Why, increased distributions can also potentially push the tax rate of dividend and interest income tax rates into a higher marginal tax bracket!

No... the wealthy have to make plenty of sacrifices. It can be tough. So very... tough.

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what poor folks and the elderly are contantly pressured to sacrifice vs. what rich folks [View all] cali Apr 2013 OP

Don't forget sacrificing poor people's kids deutsey Apr 2013 #1

K&R MotherPetrie Apr 2013 #2

But if the rich have to cut back, there won't be as much to trickle down on us. progressoid Apr 2013 #3

Sacrifice VS No Sacrifice At All grilled onions Apr 2013 #4

Well, to be fair, when SS benefits are cut for the wealthy, they have to draw more from their IRAs.. LooseWilly Apr 2013 #9

Ever since I've become "political", a similar musing struck me, and continues to: Populist_Prole Apr 2013 #5

K & R Cal Carpenter Apr 2013 #6

thanks. cali Apr 2013 #7

Progressives need to start playing offense instead of defense betterdemsonly Apr 2013 #8

That's Obama's definition of "balance." forestpath Apr 2013 #10