Thread: The 2% Illusion
View Single Post
  #15 (permalink)  
Old 02-27-2009, 04:53 AM
Ron61's Avatar
Ron61 Ron61 is offline
Senior Club Cobra Member
Visit my Photo Gallery

 
Join Date: Dec 2001
Location: Shasta Lake, CA
Cobra Make, Engine:
Posts: 26,615
Not Ranked     
Post

Just browsing through some more of the morass that makes up the so called stimulus pork bill and found this. Notice at the end of the paragraph the politicians made sure they would get the same as the people who paid into it.

Payments to Social Security recipients: This is the obvious benefit for retirees. If you're collecting Social Security payments, you'll get a one-time $250 tax-free payment for this year, regardless of your income. Retired government workers who don't receive Social Security will get a one-time $250 tax credit instead. Since that credit is "refundable" -- i.e., you get the amount of the credit even if you owe no income tax -- it amounts to the same benefit that Social Security recipients receive. If you and your spouse are both collecting Social Security (or are government retirees), you'll get a total of $500.
Edit:

Wisdom from the Bar:
Luke ''The Drifter'' says:
"We Americans were damn tired of being thought of as dumb, by the rest of the world.
So we went to the polls in November and removed all doubt."

Still trying to be nice Jamo.

Ron
__________________
Ron 61
Ronnie Widener


View my Miscellaneous Gallery

Last edited by Ron61; 02-27-2009 at 05:41 AM.. Reason: EditedTo Add:
Reply With Quote