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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Madharry who wrote (109747)10/30/2007 8:30:27 AM
From: Freedom Fighter  Respond to of 132070
 
>with respect to your last paragraph i might have believed you except that social security distributions are taxable, so i guess the government doesnt consider them to be my assets but some act of generosity of the government.<

Unfortunately, government can tax whatever it wants. IMO, the main reason it should be considered an asset is that your future benefit is directly related to your life time contributions (from zero to the max).