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Author: overo One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19483  
Subject: How much can Grandmother earn before taxed? Date: 1/5/2001 11:16 PM
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Hi everyone,
I'm helping to handle my grandmothers accounts, and need your help!
She's 88 years old, and not in the best of health. Mentally she's pretty sharp, but money is a scary thing, especially at 88. Heck, I get scared and I'm 39!
Here's the situation:
She gets $721. a month From SSI, and her monthly bills are from $1100. to $1500., depending on if there are medical bills. The rest she takes from her interest, and part of the principle.
She lives in an apartment.
She's frightened of making too much income and having to pay taxes.
Her Wells Fargo Money market rate account is paying 4.16%, but she doesn't want to go into 3 month CDs that would pay over 6%. Meaning her money isn't working for her as hard as it could be.
The checking account she has through Wells Fargo pays a whopping .004%! Trust me, you read that right!
She insists on keeping 5000. in that checking account, due to what she witnessed firsthand in the 20's on wall street. It makes her feel safe, and who am I to rain on that parade? Security is what makes us happy.
There is a large chunk in a Dreyfuss account that is rolling over into itself.

I need to know if there is a site on the web that has a graph or a chart with a sliding scale of the tax rates.
Any input would be warmly welcomed.
Please either post or email me directly.
Thanks,
Overo
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