Posted by Texasmark1 on February 10, 2012 at 15:32:28 from (67.142.164.25):
In Reply to: Re: Taxes posted by George Marsh on February 08, 2012 at 09:01:46:
It has to be new "earned income" to qualify. If you are retired you have to earn income to contribute, no rolling IRA withdrawal money over to qualify for the credit because you spent too much last year and want to decrease your tax burden for 2011. Any income is a 2 for 3 loss with your SS so you essentially pay 30% taxes on that income you earn after retiring......so why work?
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Today's Featured Article - My Ford Golden Jubilee - by Troy Estes. This article is about my '53 Ford Jubilee and a story that starts with taking the tractor to my brother's Starter/Alternator Rebuilding shop for a wiring fix. The generator was shot as well as all the wiring. I dropped off the tractor expecting a transformation from a 6 volt to a 12 volt system utilizing the original generator housing, and a total rewiring of the whole tractor. The front end center pin bushing was worn also so I ask that they replace it if they had time. Well, that’s wha
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