Quote:
Originally Posted by firstdown
Making 70 in todays world is low income and I know enough about taxes. What he is making today off his stock has nothing to do with his past income. If he is getting that great of a return then he is getting hit now with some taxes.
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Wow, 70K is low income? Ooookaaay! I get that it might not be enough for a family of that size but I'm pretty sure it's not low income.
You don't get it, he invested in Boeing common stock while working there and took advantage of their discount in their ESPP. The scheme allowed him to save his money and get rich after retirement. Of course now that he's collecting he pay taxes but he will really pay taxes when he's dead or hits 79 unless the GOP has it's way.