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Obama plan: Cut tax breaks for richest retirement savers (Camel's nose under the tent)
Marketwatch ^
Posted on 02/22/2014 11:34:32 AM PST by Red in Blue PA
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If they get this, they will keep pushing for the deductions to be eliminated for those who earn less, as more money is needed to feed the beast.
To: Red in Blue PA
Why not just kill them and redistribute their stuff, Barry?
You know you want to.
2
posted on
02/22/2014 11:36:17 AM PST
by
E. Pluribus Unum
(Islam is a religion of peace, and Moslems reserve the right to behead anyone who says otherwise.)
To: Red in Blue PA
We all know what is coming...
Government confiscation all of all pensions (unions and government workers exempted), 401k and IRA funds.
To be replaced with “guaranteed” government bonds.
It will be for the children.
And for the votes of the free sh*t army.
No one could have seen this coming....
3
posted on
02/22/2014 11:37:29 AM PST
by
2banana
(My common ground with terrorists - they want to die for islam and we want to kill them)
To: Red in Blue PA
The best course for America is to cut Obama from the oval office
4
posted on
02/22/2014 11:38:04 AM PST
by
bert
((K.E. N.P. N.C. +12 ..... History is a process, not an event)
To: Red in Blue PA
“if you like your 401k - you can keep your 401k”
5
posted on
02/22/2014 11:38:18 AM PST
by
2banana
(My common ground with terrorists - they want to die for islam and we want to kill them)
To: 2banana
Starve the Beast.
Do everything you can to minimize taxable transactions. The only way our problems can be fixed is to starve the Beast knows as the Federal Government.
6
posted on
02/22/2014 11:39:42 AM PST
by
Red in Blue PA
(When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
To: Red in Blue PA
Oddly enough, I don’t see this as such a big deal. Basically, 401(k) and IRA accounts would be held to the same standards as pensions under Federal tax law — at least in terms of their tax deductibility.
7
posted on
02/22/2014 11:43:19 AM PST
by
Alberta's Child
("I've never seen such a conclave of minstrels in my life.")
My wife and I have worked hard all of our adult lives for everything we have and obama wants to redistribute it to those who do not and will not work.
8
posted on
02/22/2014 11:43:29 AM PST
by
Graybeard58
(Welfare is a narcotic, a subtle destroyer of the human spirit. F.D.R.)
To: Red in Blue PA
No one is really listening to this idiot anymore
To: 2banana
If you like your 401k, CASH IT IN, now!!!
10
posted on
02/22/2014 11:44:04 AM PST
by
RoadGumby
(This is not where I belong, Take this world and give me Jesus.)
To: Graybeard58
He is panicking.
He is on defense with nothing but some sandbags and left over springfield rifles........ he is dredging around in the bottom of the barrel for some crap to sling
It really suks to be Obama
11
posted on
02/22/2014 11:46:40 AM PST
by
bert
((K.E. N.P. N.C. +12 ..... History is a process, not an event)
To: Alberta's Child
Oddly enough, I dont see this as such a big deal
Then you do not understand how these people work. This will be the first baby step on the path to no deductions at all for retirement plans. And eventually to outright confiscation if they ever get their way.
The left is never honest nor transparent about their long term goals.
12
posted on
02/22/2014 11:47:46 AM PST
by
Red in Blue PA
(When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
To: Red in Blue PA
Regarding tax-deferred accounts: "Ya put it where they can steal it, they're gonna steal it."
They make it very clear that until all taxes are paid in full, that isn't your money - it's theirs.
13
posted on
02/22/2014 11:49:50 AM PST
by
Mr. Jeeves
(CTRL-GALT-DELETE)
To: bert
“He is panicking.”
I’m not so sure. I think we’re up over 50% now of people on some form of government assistance who undoubtedly would like more and don’t care who it comes from as long as it’s not them.
14
posted on
02/22/2014 11:50:51 AM PST
by
freeangel
( (free speech is only good until someone else doesn't like it)
To: Red in Blue PA
The AFT and the Teamsters (the unions protecting faculty and most administrators from competition on college campuses) will be exempted. The av. Administrator (Dean) makes the individual amt. indicated, and a household with married, full-time college professors would reach the amount discussed.
15
posted on
02/22/2014 11:51:11 AM PST
by
4Liberty
(Optimal institutions - optimal economy.)
To: Red in Blue PA
I’ve found that if I assme the worst, the most extreme that the left could conceivably go, I’ll rarely be wrong. History, especially recent history, shows us that they work incrementally. Sometimes when they think they’ve come close enough to the goal or gotten a majority of the people (especially the “youth” or the large army of gibme constituency) on their side, they make a dramatic final push. Sometimes when they think they have an unassailable leader (as in a minority or female), they make a push in spite of an opposed majority. Sometimes when they’ve overrached, they pull back from the termite tunnel they’ve carved and start another one. But they never accept the will of the people until they manage to get enough on their side. If they never do, and they get an “Obama” in place, they don’t care. But they never stop.
It’s harder for conservatives, because we’re not trying to forge new paths, we’re trying to protect the foundation.
16
posted on
02/22/2014 11:55:57 AM PST
by
mrsmel
(One Who Can See)
To: Red in Blue PA
Just how does placing a “limit” on something generate a billion bucks of revenue?
Oh, by STEALING it from those to whom it actually belongs...
17
posted on
02/22/2014 11:58:42 AM PST
by
DJ Frisat
((optional, printed after my name on post))
To: italianquaker
“No one is really listening to this idiot anymore”]
Right. Nobody has any money, Obamacare is the biggest bust since New Coke, and the Democrats aren’t going to sign on for any more uni-partisan legislation.
I don’t think this idea is going any where.
18
posted on
02/22/2014 11:59:14 AM PST
by
jocon307
To: Graybeard58
My wife and I have worked hard all of our adult lives for everything we have and obama wants to redistribute it to those who do not and will not work. Obama deciding which people have earned too much money, what could go wrong? < /S >
19
posted on
02/22/2014 12:01:24 PM PST
by
The Cajun
(Sarah Palin, Mark Levin, Ted Cruz, Mike Lee, Louie Gohmert......Nuff said.)
To: Red in Blue PA
Tax-deferred retirement plans haven't even been around for very long, so what's the big deal if you lose the tax deductibility of your retirement plan? If you look at it closely, the whole push for IRA and 401(k) plans was driven by Wall Street interests who saw this as a way to turn tens of millions of Americans into customers.
For what it's worth, there's a lot to be said for a plan to scale back on your contributions to these plans anyway. The tax-deductibility comes with some strings attached that make these plans less flexible for an astute investor.
20
posted on
02/22/2014 12:02:39 PM PST
by
Alberta's Child
("I've never seen such a conclave of minstrels in my life.")
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