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re: Many posters here are saying they'll come after our 401K
Posted on 1/20/21 at 9:39 pm to thelawnwranglers
Posted on 1/20/21 at 9:39 pm to thelawnwranglers
They don’t want people saving, they want that money “put to work” instead.
Thinking of your financial security is apparently evil when it means money not propping up their shite economy.
Thinking of your financial security is apparently evil when it means money not propping up their shite economy.
0
Posted on 1/20/21 at 9:41 pm to thelawnwranglers
quote:
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
It’ll be sold as a way to be “equitable” to the poor who don’t have much in the way of 401ks (and that includes lots of middle class) That’s where the new “retirement” refundable tax credit for “everyone” (under a certain income level) comes into play.
Posted on 1/20/21 at 9:42 pm to Dawgfanman
quote:
Exactly. And they gonna tax those Roths too...
No. The precedent is pretty clear when we're talking about the same legislative body assessing...
This post was edited on 1/20/21 at 9:45 pm
Posted on 1/20/21 at 9:46 pm to newmexicotiger
That’s fine. I’m not dumb enough to have one.
Posted on 1/20/21 at 9:46 pm to Drizzt
I expect they are going to reduce the tax exemption to fund free tuition and universal healthcare. On top of that they will either tax the withdrawals from investment accounts at a higher rate OR reduce your Social Security if you are also taking 401k withdrawals.
They will say those that are investing on 401k have unfairly benefitted from an unfair advantage that those who could not afford college are not able to participate in.
They will say those that are investing on 401k have unfairly benefitted from an unfair advantage that those who could not afford college are not able to participate in.
Posted on 1/20/21 at 9:46 pm to FlexDawg
quote:
That’s fine. I’m not dumb enough to have one.
...... wat
Posted on 1/20/21 at 9:48 pm to Nguyener
quote:
wat
I don’t trust anyone but myself with my money. I can save my own just fine.
Posted on 1/20/21 at 9:48 pm to JudgeHolden
quote:
Didn’t Q explain all this already?
You fricking pieces of shite will never talk about the policies YOU voted for.
What the frick does "Q" have to do with this God damned topic?
Posted on 1/20/21 at 9:50 pm to FlexDawg
quote:
I don’t trust anyone but myself with my money
What does that have to do with having a 401k?
Posted on 1/20/21 at 9:50 pm to marchballer
quote:
Not happening.
quote:
It will happen one day
Posted on 1/20/21 at 9:51 pm to newmexicotiger
Technically they already have.
Have you ever tried to withdraw money from your 401k?
Have you ever tried to withdraw money from your 401k?
Posted on 1/20/21 at 9:52 pm to FlexDawg
I don’t think you understand 401ks
Posted on 1/20/21 at 9:53 pm to JudgeHolden
Q says hi!
FWIW, if you have money Kamala wants it (Joe has no clue). He is the equivalent of the governor in Blazing Saddles.
FWIW, if you have money Kamala wants it (Joe has no clue). He is the equivalent of the governor in Blazing Saddles.
Posted on 1/20/21 at 9:53 pm to newmexicotiger
Cool, so the government already takes 30% of my income, and they are going to come after the 8% I set aside for retirement.
Posted on 1/20/21 at 9:54 pm to upgrayedd
quote:
These retards are already taking about a wealth tax. You think that's not applied
No one on this board has enough to qualify for that wealth tax
Posted on 1/20/21 at 9:54 pm to FlexDawg
quote:
That’s fine. I’m not dumb enough to have one.
No way this is real.
Posted on 1/20/21 at 9:54 pm to newmexicotiger
Jokes on you libs. I’m too poor to be able to even invest in a 401k
Posted on 1/20/21 at 9:54 pm to marchballer
quote:
Not happening. It will happen one day but we need to go through a major fiscal crisis before someone risks floating the idea.
I don’t think it will in the immediate future, but the idea has been floating around leftist circles for a while now.
Up till now they haven’t been stupid enough to really start pushing it.
Posted on 1/20/21 at 9:59 pm to memphis tiger
quote:
Up till now they haven’t been stupid enough to really start pushing it.
Now, they have all the seats of power, so if you object or resist, they have a label for you.
Posted on 1/20/21 at 10:00 pm to SDVTiger
quote:
No one on this board has enough to qualify for that wealth tax
I think you missed the point
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