The thing about an income tax, is when you lose your job you still have to pay it on your unemployment income. Where does the unemployment income come from you ask? Why it comes from taxes. So you pay income tax on tax being disbursed.
Speaking of paying taxes on taxes, I'm sure I'll be corrected if wrong, but don't state income taxes have to be paid on Social Security payments. Yep, I'm pretty sure it does. Imagine that, having to pay property tax AND income tax on your Social Security payment.
Oh, wait a minute, the $22,000 exemption, hmmm, yeah that should protect Social Security payments, I wonder if that would ever make it to the final new tax legislative bill....
Don't fall for it..........
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