- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Many posters here are saying they'll come after our 401K
Posted on 1/20/21 at 9:24 pm
Posted on 1/20/21 at 9:24 pm
Please explain in what way, shape and form this happens?
32
Posted on 1/20/21 at 9:25 pm to newmexicotiger
I hope they do, $3.50 won't get them far.
Posted on 1/20/21 at 9:25 pm to newmexicotiger
Explain how you’ll stop it and I’ll explain how it will happen. (I don’t think it happens in the near-term.)
Posted on 1/20/21 at 9:25 pm to newmexicotiger
Not happening. It will happen one day but we need to go through a major fiscal crisis before someone risks floating the idea.
Posted on 1/20/21 at 9:25 pm to newmexicotiger
quote:
Please explain in what way, shape and form this happens?
These retards are already taking about a wealth tax. You think that's not applied to a 401k account?
Posted on 1/20/21 at 9:25 pm to newmexicotiger
quote:
Please explain in what way, shape and form this happens?
Bank
Account
Money
Tax, fee, surcharge, tax again
Posted on 1/20/21 at 9:27 pm to newmexicotiger
The most common thought is they’ll tax 401k’s over a certain amount, probably to bail out state pension programs.
Posted on 1/20/21 at 9:27 pm to newmexicotiger
Joe Biden gonna change retirement
He gonna donaway with tax defferals on retirements, introduce a new tax credit, and still tax you when you withdraw the money.
He gonna donaway with tax defferals on retirements, introduce a new tax credit, and still tax you when you withdraw the money.
quote:
The details of his retirement plan are ambiguous but appear to involve taxing income twice by only including after-tax contributions in retirement accounts, which are again taxed as income when withdrawn. Biden plans to offset this double taxation with a tax credit that would make Americans more dependent on the government and prevent retirees from realizing the benefits of a lifetime of compounded interest on their pretax retirement account income.
Posted on 1/20/21 at 9:28 pm to newmexicotiger
quote:
Many posters here are saying they'll come after our 401K
Please explain in what way, shape and form this happens?
Yeah, government never finds a way to take more of what you've earned.
Posted on 1/20/21 at 9:29 pm to Bulldogblitz
I have a suspicion that the OP doesn't even have a 401k or even a savings account for that matter
Posted on 1/20/21 at 9:29 pm to newmexicotiger
Look at your paycheck
Look how much comes out for taxes (Medicare, social security. Federal. State.)
Americans are some of the dumbest fricks on this planet.
Look how much comes out for taxes (Medicare, social security. Federal. State.)
Americans are some of the dumbest fricks on this planet.
Posted on 1/20/21 at 9:30 pm to newmexicotiger
Are you through high school yet?
Posted on 1/20/21 at 9:31 pm to newmexicotiger
They already said they were for lowering tax exempt election and they aren't fair
Posted on 1/20/21 at 9:32 pm to newmexicotiger
quote:
Please explain in what way, shape and form this happens?
Didn’t Q explain all this already?
Posted on 1/20/21 at 9:32 pm to newmexicotiger
quote:
Please explain in what way, shape and form this happens?
They could raise taxes on dividends.
Apply a tax or government fee/surcharge on every contribution.
You doubt the lefts desire to tax the frick out of the private citizens?
Posted on 1/20/21 at 9:33 pm to Dawgfanman
quote:
including after-tax contributions in retirement
Which just makes it an individual brokerage account
Posted on 1/20/21 at 9:34 pm to thelawnwranglers
quote:
Which just makes it an individual brokerage account
Exactly. And they gonna tax those Roths too...
Posted on 1/20/21 at 9:37 pm to Dawgfanman
if they touch Roth accounts that’s when I’m bailing on this nation. I forfeited the ability to get compounded growth on pre-tax income for the ability to get Uncle Sam out of my life.
If they renege on that agreement, I won’t trust any part of this federal government with another nickel of mine.
If they renege on that agreement, I won’t trust any part of this federal government with another nickel of mine.
This post was edited on 1/20/21 at 9:38 pm
Posted on 1/20/21 at 9:38 pm to Dawgfanman
quote:
Exactly. And they gonna tax those Roths too...
Yep it basically kills retirement savings
I mean sure you will still tried to save but it will just be savings
Ultimately the tax penalty keeps a lot of people out of their 401k. Hard to argue it won't destroy saving levels further
Posted on 1/20/21 at 9:38 pm to Ross
quote:
if they touch Roth accounts that’s when I’m bailing on this nation. I forfeited the ability to get compounded growth on pre-tax income for the ability to get Uncle Sam out of my life
Bad bet. Nothing preventing any of this from changing. And they’ll take their pound of flesh before you are allowed to leave.
Page 1 of 5
Popular
Back to top
Follow TigerDroppings for LSU Football News