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Thread: Windfall Tax on Retirement Income

  1. #11
    Senior Member Buzz's Avatar
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    where are you getting this information. It flies in the face of what I have been led to believe...

    http://population.sg/key-challenges/#.UxVHHtx1GiU
    "For everyone to whom much is given, of him shall much be required." -- Luke 12:48

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  2. #12
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    Quote Originally Posted by Buzz View Post
    where are you getting this information. It flies in the face of what I have been led to believe...

    http://population.sg/key-challenges/#.UxVHHtx1GiU
    You do realize that your quote is about Singapore?
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  3. #13
    Senior Member Buzz's Avatar
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    Quote Originally Posted by Marvin S View Post
    You do realize that your quote is about Singapore?
    I just went to read it and noticed that I jumped the gun on my link. However, baby boomers will be retiring until I can get SS in 15 years. I have always been led to believe that that period will see a decline in our working-age population. It's the reason most given for our likely inability to sustain our "entitlement programs." Now I'm reading something completely opposite in this thread, so I'm asking where those figures come from...
    "For everyone to whom much is given, of him shall much be required." -- Luke 12:48

    Raven - Moneybird's Black Magic Marker***
    (Esprit's Power Play x Trumarc's Lean Cuisine)
    Mick - Moneybird's Jumpin' Jack Flash***
    (Clubmead's Road Warrior x Oakdale Whitewater Devil Dog)
    Peerless - Moneybird's Sole Survivor
    (Two River's Lucky Willie x Moneybird's Black Magic Marker)

  4. #14
    Senior Member roseberry's Avatar
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    i didn't read any of the links or articles on this thread. but my general observations as to folks retirement savings and our federal government are based on one thing i was taught long ago.

    in 1986 i attended the "Becker CPA Review" course on the beautiful campus of Rhodes College in Memphis Tennessee. in our sessions related to the tax exam, i always recall a quote by the program's founder Newt Becker. To paraphrase what Newt said, "remember, you are in a timed exam. if you absolutely don't know the answer to any question on the tax portion of the exam, guess by choosing the answer that results in the MOST MONEY going to the federal government. by doing this your odds of a correct guess are increased significantly!"

    logically,
    if, there is money.
    then, they are coming after it.

    btw, i did pass the cpa exam........eventually!
    john mccallie

  5. #15
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    I used CDC and Census information but didn't take into account the VM or Korean war. However, I am going to provide you with 2 liberal websites which have a agenda. They are showing the difference is almost 5k greater towards the young people.

    http://en.wikipedia.org/wiki/Rock_th...emocracy_Class

    Save some time and go directly down to Millenial Generation.

    http://en.wikipedia.org/wiki/Rock_th...emocracy_Class
    Last edited by Dan Storts; 03-04-2014 at 09:45 AM.

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