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ERs living off of their pensions, dividends, and interest but too early to receive SS will NOT receive the new stimulus tax credit of 400.00, but if you work and not pay any federal income taxes, you will get a check. If you don't work you will receive higher welfare,food stamps,unemployment, health insurance,and rent subsidy benefits. If you pay more than 30% of your income for a mortgage you will receive many benefits such as refinancing at a lower rate and an additional reduction of 1,000 dollars a year off a mortrgage payment for the next 15? years. But if you are an ER and you saved your money and lived frugally, you will receive NOTHING while your neighbor who bought a McMansion will be able to keep it with all of these new handouts while you live in a small house or your downsized so you could ER. And if you are paying more than 30% of your income for a mortgage, you lose again because your income is UNEARNED. And your neighbor will receive subsidies to lower their health insurance costs while you will receive none as your rising health insurance costs eat away at your assets. In summary, ERs will be eligible for NOTHING. Our years of hard work, and frugal living have no worth compared to those living beyond their means,buying things they can never really afford and not saving a dime. Next thing will be the bailout of 30 million baby boomers who never saved enough to retire comfortable.
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