I am 67 and “retired” but working. My wife is 62 and disabled. Our federal adjusted gross income is just under $70,000. You can see that we are not exactly upper-income level people.
Between health insurance and our medical bills, we pay over $20,000 a year. You see why I am still working. We just had our 2018 taxes prepared. According to our tax preparer, the tax reform bill that was going to save everyone so much money cost us over an extra $1,000.00 this year.
I hope people realize a tax cut that benefitted the very wealthy left a lot of people behind. Many of those left behind are just the same as my wife and me, older or retired, working class, with grown children, but still struggling to make ends meet.