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To: 240B

Move mine to a Roth. No mas in my 401K.


9 posted on 09/02/2010 1:14:47 AM PDT by Fred (Suspend All Immigration Until Unemployment is Reduced to 5%)
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To: Fred

Give the feds time; they’ll come for your Roth too.


10 posted on 09/02/2010 1:17:09 AM PDT by fatnotlazy
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To: Fred
Now, if The Obammunist and the socialists proposed to take, say, half of SS contributions and put them in a private IRA dedicated to that SS# account in long term Treasuries, I could buy it.

Sounds like a Conservative plan all along.

What the anti-capital collectivists are working towards are requirements to qualify an IRA for tax exemption before retirement.

Hussein was very clear in his campaign website that IRA tax exemption is a government subsidy, all money belongs to the government. Osama posted on the site that anyone rich enough to have a private retirement account, is rich enough to pay taxes on it. The website has long since been scrubbed.

The Treasury requirement is likely to be: X bucks of Treasuries in an IRA to qualify X bucks of other IRA investment tax exemption.

All of this was spelled out in Barak Hussein bin Obama al Kenyata's campaign literature long before he was elected.

yitbos

16 posted on 09/02/2010 1:30:05 AM PDT by bruinbirdman ("Those who control language control minds.")
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