[quote=AN][quote=CA renter]IMHO, the most egregious part of our tax policy is the lower tax rate for those who don’t even work for their money. There is something horribly wrong with our country when financial speculators pay a lower tax rate than “line workers.”[/quote]
Don’t forget all the retirees and the many people who actually get money from the government instead of paying any taxes.[/quote]
They’ve paid taxes all their lives if they’re getting SS.
Not only that, but SS recipients do have to pay taxes if their total income goes over a certain threshold.
If you’re referring to public employees who are now retired; as explained before, the money used to pay their benefits is not “govt” money. It is a separate fund that is paid for by the employees and employers as compensation for their services. They also pay taxes on their retirement income, just as they have paid taxes on their earned income — the very same taxes as those private sector workers who whine about public servants, and they pay a HIGHER tax rate than the wealthiest “investors,” who have sucked this country dry, yet still whine about the retirement benefits of public wokers.
