Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10 5/3/83; site utcsrgv.UUCP Path: utzoo!utcsrgv!dave From: dave@utcsrgv.UUCP (Dave Sherman) Newsgroups: can.politics Subject: Re: prejudice and then further rambling Message-ID: <5018@utcsrgv.UUCP> Date: Wed, 8-Aug-84 15:50:25 EDT Article-I.D.: utcsrgv.5018 Posted: Wed Aug 8 15:50:25 1984 Date-Received: Wed, 8-Aug-84 16:40:48 EDT References: <156@utecfa.UUCP> <5016@utcsrgv.UUCP> Organization: The Law Society of Upper Canada, Toronto Lines: 17 In article <5016@utcsrgv.UUCP> mnh@utcsrgv.UUCP (Mark N. Hume) writes: ~| I might also point out that forward averaging is very useful when people ~| retire, since in most cases retirement income is substantially lower than ~| pre-retirement income. No, it's not, unless the person who retires had a big jump in income in his last year of work. Forward averaging can only be used to the extent your income exceeds 110% of your income over the previous three years, *after* adjusting for inflation. It can only be used for other income by people in certain categories, such as athletes and entertainers (who are expected to have uneven income streams over their careers). Dave Sherman Toronto -- {allegra,cornell,decvax,ihnp4,linus,utzoo}!utcsrgv!dave