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[mod edit - Post moved to here]

ghost of Emeritus or maybe just incorrect??? OP stated: If you are counting on seniors to help jump-start the economy [because of COLA]... forget about it. Correct me if I'm wrong... OP shoots the notion down, but anyone that happens to believe the "if" *is* stating an implied premise --...

It's estimated that compliance with the tax code costs 30 cents for each $ collected. A very simplified method for determining taxable income would presumably cut into this compliance cost (be it, IRS agents, CPA's, corporate tax lawyers...). So in theory it's possible to net more $ overall...

Agree. COLA shouldn't even enter in to the equation. SS should be indexed to wage gain/loss (i.e. how non-retirees' income is changing in aggregate, and where the $ for SS benefits comes from). Be thankful SS hasn't *decreased* by 8% because that's how much wage deflation there has been the...