And that argument concludes that 50% of all Social Security benefits should be taxed, regardless of income level. Granted, we almost had that before the current 85% amount became law (it was 50%, but only when other income exceeded $25K single/$32K married).
Remember that Alan Greenspan is a economist and BANKER, not a tax expert.
Well that would make SS taxation somewhat more consistent with what it essentially is, a deferred annuity, albeit one with no death benefit accumulation.
-- David M. Woods, EA, ChFC, CLU Woods Financial Services Norwood, MA 02062
Correct - and I thought that was the point that you were making.
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