Taxed and Spent wrote:

> On 4/17/2021 7:46 AM, cshenk wrote:
> > Dave Smith wrote:
> >
> > > On 2021-04-17 1:34 a.m., dsi1 wrote:
> > >
> > > > I'd say that the exact opposite is true. Advertising to old
> > > > folks are mostly for adult diapers, heart medicine,
> > > > supplemental health insurance, funeral insurance, yadda, yadda,
> > > > yadda. My guess is that majority of seniors don't have a lot of
> > > > money to burn. You are correct that they are a huge group.
> > >
> > >
> > > Don't bet too much on that. A lot of seniors are in good financial
> > > shape. They have pensions and benefits. Most of them paid off
> > > their mortgages long ago. They aren't paying feed, clothe and
> > > educated their kids. I was ticked at our federal government for
> > > handing out money to all seniors a couple months into the
> > > pandemic. They reasoned that some prices had risen. That may be
> > > true but we aren't shopping. We aren't going in vacations. We
> > > aren't going out for supper. We aren't spending much money at
> > > all. MY wife and I are saving thousands of dollars a month.
> >
> > The way I figure it is my taxes will go up. Probably be giving all
> > of it back.
> >
>
>
> Not to mention the hidden tax of inflation.

Yup. Virginia got us this year. The standard deduction for having a
member over age 65 no longer can be used unless married filing
separately. Overall cost was almost 3,000$. That's generally how they
can say 'we didn't raise taxes'. Technically they didn't. They remove
the deductions....