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Old 01-13-11 | 07:13 AM
  #99  
gtragitt
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Joined: Aug 2009
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From: Las Vegas, NV

Bikes: 2011 Trek SOHO Deluxe, and 2010 Specialized Roubaix Expert

Originally Posted by TheHen
I'm a little surprised that so many of my age peers express such an obsession with avoiding taxes in retirement. When we were young and our nation was an economic leader, the top marginal federal income tax rate was something like 80-90% (under Ike). It is now in the mid 30s, and is functionally less since capital gains are taxed at half that rate. Are we really such a selfish generation that we resent paying anywhere near our fair share?

I am disturbed that state and local tax rates are a concern at all when one is choosing a place to retire. I want an educated citizenry, worthwhile cultural events, enjoyable places to ride, space to garden (even if I don't own it), young people who have plans and the means to at least have a shot at achieving them. clean water and air and reasonable public transit. I know these things aren't free and I expect to pay taxes so that they can exist.

I'll get off my soapbox now. Sorry if I offended anyone but I couldn't let only the one side be heard.
I personally think it is patriotic to pay taxes. I pay a significant sum currently. When I retire my income stream will decrease, and I will obviously pay less taxes.

Many in this forum group have to consider how to live with a fixed or diminished income. I could not judge their motivation as selfishness.

I am more dismayed by people with significant wealth decrying our tax rates. I wish more people realize that tax cuts are service reductions.
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