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Yavin4

(35,421 posts)

13. Before we go crazy here...

Reply to sinkingfeeling (Original post)

Wed Jun 12, 2013, 12:35 PM

Jun 2013

they're getting a tax break because they're investing in municipal tax-free bonds which is what local governments use to pay for infrastructure projects. Also, they're writing off their state and local taxes from their federal tax bill which is fair. State and local taxes can be extremely high for some states, and it's used to make those states more liveable.

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To raise your ire: How Retirees Pay Zero Taxes [View all] sinkingfeeling Jun 2013 OP

Eat the rich.nt clarice Jun 2013 #1

Not unless they're organic and free range.... Bigmack Jun 2013 #6

Also dolphin free. nt clarice Jun 2013 #8

I think the rich are genetically modified, so not so good to eat. 1-Old-Man Jun 2013 #9

lol. Plus they are kinda stringy.nt clarice Jun 2013 #11

A lot more old retired people pay no taxes because they're MineralMan Jun 2013 #2

And something needs to done.... daleanime Jun 2013 #3

About a third pay Federal income tax on SS benefits. Bluenorthwest Jun 2013 #5

Old retired people that have been retired for a while. LiberalFighter Jun 2013 #15

Well, of course. Young plutocrats become old plutocrats. Auggie Jun 2013 #4

Please do put the word rich in the title........ wandy Jun 2013 #7

What? You mean that every retiree doesn't have $7 million in a brokerage account? 1-Old-Man Jun 2013 #10

$10 million in total assets does make you wealthy, but that does not make you top 1% Yavin4 Jun 2013 #14

I pay Zero taxes because at $938/mo I don't make enough. hobbit709 Jun 2013 #12

Before we go crazy here... Yavin4 Jun 2013 #13

Yep FreeJoe Jun 2013 #17

Because SO many retirees live this way Matariki Jun 2013 #16