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Retirees and Higher Taxes

“Retirees Face New Rule on Income” (Dec. 27) finally revealed that President Clinton’s claim that the 1993 tax law only increased taxes on those making more than $200,000 was false. The following figures from the referenced article point out the deal that 5.5 million senior folks got:

* Singles above $34,000 and married above $44,000 have a marginal tax rate of 42% compared to 39.6% for younger millionaires

* A senior couple with a total income of $60,000 will have a tax increase of $1,175

* However, if the senior couple got a divorce, they would get a tax decrease of $2,296.

JACK CASSON

Claremont

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