THE TAX ATTIC with Jerry Coon

Affordable Care Act, Social Security In a 5-4 split decision, the Supreme Court ruled that the Patient Protection and Affordable Care Act was constitutional. The Court ruled that Congress has the power and authority to create and pass a law that taxes people for not complying with the law. In this case, if a person […]

THE TAX ATTIC with Jerry Coon

Myths involving Social Security Last week, two significant developments occurred that affect Rockford residents. First, the Environmental Protection Agency (EPA) issued its Preliminary Assessment Recommendation for the Wolverine Worldwide former tannery site downtown. The report concluded that the Michigan Department of Environmental Quality (MDEQ) and Wolverine Worldwide (WWW) can work together on “further site investigation […]

THE TAX ATTIC with Jerry Coon

History of Social Security Three weeks ago, my youngest daughter, Kimberly, received her master’s degree from the Department of Writing, Rhetoric and Discourse from Chicago’s DePaul University. At the department’s awards banquet, Dr. Deborah Brandt, professor emerita of English at the University of Wisconsin-Madison, gave the keynote speech, titled “Taking Writing Seriously.” DePaul couldn’t have […]

THE TAX ATTIC with Jerry Coon

To draw or not to draw  Baby boomers and when to begin drawing Social Security benefits; to draw or not to draw—it’s a prime time discussion topic for millions of baby boomers. To draw benefits at the age of 62 or wait to draw until reaching full retirement age—calculating a break-even point at which it […]

The Tax Attic with Jerry Coon

How can the Social Security system be fixed?     Why does it need to be fixed? Without some adjustments or fixes, the system will be totally bankrupt in about 2037, even though it has a two trillion dollar surplus at this moment in time. If no adjustments are made, when the system goes bankrupt, […]