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Posted on 04/23/2012 6:14:59 AM PDT by pabianice
Per Stuart Varney, the "Government" is considering ways to tax some or all of your 401K to raise approximately $462M. This would be a new tax on top of whatever taxes you would already owe. Interesting.
IMHO, if Barry gets a 2nd term, he’ll just seize the accounts via Executive Order.
The Obots will nod and say “thank you sir, may I have another?”
I think you’re right. Inflation is the hidden tax and wealth destroyer that pols love best.
Close 2nd in popularity and usefulness to the big spenders in the District of Corruption would probably be income tax withholding from paychecks.
Ironic—the thread number of this article is 2875401.....
$$$ 462 Million won’t run this government for one full day.
then we’ll wake up one morning with the bill already signed and the trucks backing up to our financial institutions””
NO trucks needed——electronic transfers only will be done.
Argentina took over $69 BILLION just about 3 years ago. Electronically over a weekend.
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