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More companies were providing pensions back in the “old days,” that’s true. But only about 35% of workers were covered by a pension plan back in 1980. Now, about 20% are. It was never anything close to a majority.

There was AMT, but it only nailed a very few people. But marginal tax rates were much higher—and usually only the wealthiest could get the writeoffs.

FICA tax was only 6.13% back then. Now it’s 7.65. So, that has definitely been a higher burden on boomers. But it’s going to pay off for you, because you’ll actually get full benefits. Some of us whippersnappers won’t be so lucky.

I just think it’s a ludicrously inaccurate statement to say that the Boomers are THE most highly taxed generation ever, while they enjoyed the past 25 years of mostly falling marginal income and capital gains tax rates.

you know sonny, the mortgage interest rates were like 10% back in the 80's and early 90's.......

many items were out of the question for a lot of us....prices are much lower now for you youngins, like calculators, which used to run up to $100 for a tiny little thing, or color tv's or microwaves and vhs players....

so some of we boomers paid high for household goods, paid high interest rates, lost pensions, lost retired medical benefits, exp. enormous property tax rates, and most of us didn't get breaks for our kids in college because we made slightly more than the poverty level.....

things weren't fair for us and won't be in the future...things won't be fair for you neither.....live with it...

There was AMT, but it only nailed a very few people. But marginal tax rates were much higher, and usually only the wealthiest could get the writeoffs.

I was fairly poor at the time of the last tax code and I sure remember saving up all of those sales tax receipts. I hated to conform my private and work life to the tax code and welcomed the Reagan revolution. I assure you that many of us were far from being the "wealthiest", however everyone who worked enjoyed numerous tax deductions.

As far as AMT is concerned you are correct that it was around. It effected a handful of people, where as now days it effects millions. The millions that it effects are those very people who are older and are in the most financially productive years of their lives.

I think this is something you should ponder. Ponder the situation where those who should be saving for retirement are now caught up in the worst form of tax taking. Also ponder these are the very same people who are of age to send their kids to college (no financial aid because of income) and also of the age where they are in many cases taking care of their parents. If you are an honest person you will admit that the tax code in many ways is far worst than the previous generations.