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Now I'm really upset that I, being retired, have to pay for someone else's credit.

You seem to be confused. Your withholding has gone up, not your taxes. If your 2010 income is about the same amount and mix as 2009 you'll find that your 2010 tax is about the same as your 2009 was. If they did the mid-year adjustments to the withholding tables correctly last year, and they usually do, you'll find that your 2009 and 2010 refund/balance due will be roughly the same. In short, if you're not working, your taxes didn't go down, and they didn't go up.

What happened to pledge of no new taxes?

I hate to be the one to break it to you, but there's no tooth fairy either.

Rule Your Retirement Home Fool
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