On the recordApril 21, 1998
I can actually put a face to that anonymous person. Two weeks ago I went to Waco, Texas where my mother lives. She is a retired widow on Social Security, and she has some teacher retirement, and because her only income comes from three sources, Social Security, teacher retirement and some IRA dividend income from an IRA that she and my father had saved on when he was alive, she does not have any withholding taken out, and it is a relatively modest fixed income. So last year I had done her taxes after my father passed away, and she did not have to pay any taxes. So this year I was not too worried when she said, ``Are you going to come do my taxes?'' I thought, ``Well, it is not a big deal. She will not owe any tax, so I can just go ahead and do it.'' So I finally went over there a week before the filing deadline and we sat down, and she had had to take a slightly larger dividend from her IRA because she is over 70 years of age and the law requires that you begin to disburse this particular type of a Keogh account. So first time I went through and made the calculation.…
Source
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