[count-your-change]

People forget that part of their 401K is already subject to seizure, 10% unless you follow the rules. If too many people want their money why not raise the seizure percentage to 50% or more? And if the entire account is seized why not calculate the “just compensation” due at a value less taxes and any penalties that would have to be paid on the account?

For example, you have $100,000 in your 401k. Your maximum tax rate is set at 25% plus penalty of 10% and now the “value” of your $100,000 account is $65,000 less interest from the date the seizure order was issued.

So you receive your $65,000 (or less) check of taxable income, and all the “due process” necessary to make it legal.

[abb]

Very good points and right to the heart of it all. Taxes were, are and always will be legalized theft. Especially income taxes. What does a man own more that the fruit of his own labor? They tell us slavery was abolished in 1963. But it was re-instated via the 16th amendment. If they can take the fruits of your labor, they can TAKE anything.