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  1. Some pay negative Fed Income taxes, i.e. they receive a rebate amount in excess of what they pay. Many members of my wife’s family here being such recipients. Their relatives back home in the Flips can’t believe the government hands out free money.

  2. BHS…the reduction in payments into SS was far too late to have an effect. And now it is going away so all those people will have a TAX INCREASE.

    Most people knowledgeable about that sort of thing were recommending cutting the witholding way back in 2009.

  3. BTW, Lech scored extra PLUSA points (redeemable at Ye Olde Brownstoner Gift Shoppe and Souvenir Emporium) for having the wherewithall to post last night in the OT during the crisis!

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