NATIONAL NOTES 22 JULY 2022 Leave a Comment / Uncategorized / By admin Re: It’s not in the can yet, but bears watching. If the out-of-control inflation Bozo Biden started continues to increase at its current pace, the Social Security COLA increase that’ll take effect in January could hit 10.5%. While that might SEEM to be a good thing for retirees, don’t get in a hurry to spend that extra money because as the amount of Social Security payments increases, so does the tax liability Biden will start collecting. What’s that mean in doggie years? It means even if you haven’t had to pay any taxes, because Social Security is your only source of income, you could theoretically have to start if the Biden-caused inflation shoves your annual income over the bracket line. Not to sound like a broken record, but you need to remember that before stepping into a voting booth or filling in a ballot circle in November. Democrats got us into this mess – it’s time to show ’em the door – period. 4
