Will Work for Taxes
We were among the fortunate. My wife and I both were born before 1946, so my pension continued to be exempt when Michigan Gov. Snyder and his critics “compromised” by phasing in new taxes on retirement income rather than taxing all seniors the full amount immediately.
Almost hidden in the hot debates were the other two legs of the proposal to raise taxes on seniors. One removed the homestead tax credit for residences with assessed values above $135,000. The other removed the $3,200 individual personal income tax exemption for all seniors.
Thank you, governor, for sparing the oldest Michiganders such as us from part of the tax increase. Unfortunately, the other two tax increases will cut our spendable income by about $1,000 a year. We have no prospects for recovering that amount in the future, other than returning to work. At age 75, I’m having a hard time finding employment.
Perhaps one of those businesses Gov. Snyder said will use my higher tax payment to create jobs will hire me? I’ll wait for the calls.
(This item was published June 26 in the Kalamazoo Gazette. The Geezer is still waiting for the first job offer.)