Bob Schaffer: “it is very clear, we do not need new taxes. Let me again refer to another real American who wrote to me from Fort…”

“it is very clear, we do not need new taxes. Let me again refer to another real American who wrote to me from Fort Collins, Colorado. ``Last year, we withdrew an additional $1,000 from our IRA and found it increased our Federal income taxes by $515. That's right. We only had $485 left. President Clinton's tax increase to 85 percent of Social Security for affluent seniors,'' and she puts affluent seniors in quotes, ``is what did it.'' She goes on, she says, ``In the 28 percent bracket, each additional dollar is of course taxed at 28 cents, and it also makes an added 85 cents of each Social Security dollar taxable at that rate. So the tax is 28 cents plus 24 cents, or 52 cents on each dollar.'' She asks, with exclamation marks, ``Who else pays at that marginal rate?'' She says, ``If we are wrong about any of this, please let us know. But if we are right, please help.''”