Re: Formerly tax-free

That's a reason that I've told clients to plan for taxes, but not obsess
about them. Many would let the tax tail wag the dog.

I mean Congress will never enact means testing for social security but
instead opt for making the benefits taxable to people with other income
streams. In other words, given the graduated income tax structure it will
taxed as the last dollar earned.

"HW "Skip" Weldon" <[EMAIL PROTECTED]> wrote in message
news:[EMAIL PROTECTED]
> I am wary of making long-range plans based on the tax code.  Reason:
> Some things that were originally income tax-free that changed over
> time.
>
> For example, Social Security has gradually become more taxable.
> Municipal bonds now are figured into Social Security for tax purposes.
> As income rises beyond a certain point, we lose the value of
> deductions.
>
> I suspect there are several others.  If you know of one or more,
> please list them below.
>
> -HW "Skip" Weldon
>  Columbia, SC
>