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Maybe someone else knows the answer... I have not been able to find it.
Below is a summary of Obama's tax cut proposal from the Wall Street Journal web site:
"The largest piece of the overall tax relief would involve cuts for people who pay income taxes or who claim the earned-income credit. It would serve as a down payment on the "Making Work Pay" proposal Mr. Obama outlined during his election campaign, providing a credit to offset Social Security and Medicare payroll taxes of $500 per individual or $1,000 per family."
What about those of us no longer working, who pay income taxes, but who no longer pay social security or medicare taxes?
Will we get a tax cut also? Does anyone know the answer to this?
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