After doing my neighbor's taxes, who's on fixed income

I support your message but can you provide details please?

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After doing my neighbor's taxes, who's on fixed income

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He’s broke but his income is fixed?

Kinda ironic how English works, isn’t it?

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remember when threads with clickbait titles were anchored.

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It’s the new normal. Unprecedented times. Check this out. It will blow your mind...

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So what was their AGI?

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$70,000. Owes almost $8,000 to fed and state. Man, when you consider sales tax and every other tax under the sun on top of that, including inflation, its pretty infuriating how the saver gets screwed.

I read this as in not on at first .
My bad G.

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who's on fixed income

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It’s especially infuriating considering where these tax dollars go. Over half of it goes to government entitlement programs. We literally spend over half of our money to pay people to exist.

To be fair, neighbor most likely got a little piece of that chunk of Social Security spending with a sprinkle of the Medicare orange thrown in too.

But it’s such a waste, it’s not even self sufficient. It’s all basically a pyramid scheme.

Well yes, it is. The entire premise is the 70 year old man/woman cannot contribute as much to the economy as you and I 30 somethings so we pay the taxes so they can have a dignified ride into the sunset.

And the system would probably work for you and I as old dudes if these fricking kids would get off (a) my lawn; and (b) Tik Tok

No, it’s literally running out of money. Look at when you can access that money? Then look at when your parents and grandparents were able to access that money. The age requirement for access to social security is going up like clockwork.

Want to really see something crazy? Check out how much money the average person pays in social security, then compare that with how much you’ll ever be able to recoup. You’ll never be able to recoup that which you paid. Not even close. Imagine how much more money these people had been able to save over their lives had the government not taken it from them. What if instead of just taking that money and storing it, they invested it? Then they have an even more comfortable retirement. But nope, government took it from them and they’ll never ever get anything close to what they paid back.