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White House Proposals on 529 College Plans Would Reduce Benefits
New York Times ^
| January 22, 2015
| By Sara Siegal Bernard
Posted on 01/23/2015 1:30:30 AM PST by Brad from Tennessee
click here to read article
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To: Brad from Tennessee
Let’s tax saving for college so we can pay for college...
21
posted on
01/23/2015 6:32:37 AM PST
by
Tanniker Smith
(Rome didn't fall in a day, either.)
To: 2banana
By whom? State or Feds? Feds. Each time the audit was triggered because the IRS thought we were under reporting capital gains from the gains on the 529 accounts. Our accountant would send a letter explaining what it was and the IRS would agree. We never actually made an error on the returns nor did we have to pay more. It may have been how our account provider was reporting the information on their IRS submissions or it could have been a bug in the IRS software across-auditing the different reporting.
22
posted on
01/23/2015 6:52:24 AM PST
by
IamConservative
(If fighting fire with fire is a good idea, why do the pros use water?)
To: Brad from Tennessee
Another reason to add to the list to implement a (a modified) Fair Tax/consumption tax; get away from the immoral (and, IMHO, unconstitutional) income/tax nightmare!!
23
posted on
01/23/2015 9:18:20 AM PST
by
i_robot73
(Give me one example and I will show where gov't is the root of the problem(s).)
To: immadashell
Did the article happen to mention whether he has set up 529’s for his kids? I haven’t read the article - it is the New York Times - but the Wall Street Journal editorial today points out that Obama’s proposal grandfathers in past 529 contributions . . . including the $240,000 worth of 529 which the Obamas have laid by for their children . . .
24
posted on
01/23/2015 11:02:46 AM PST
by
conservatism_IS_compassion
("Liberalism” is a conspiracy against the public by wire-service journalism.)
To: pepsionice
Care to bet on the demographic split on those who use 529s vs those who don’t?
Hint: Obama wants to punish 529ers. That should be enough to answer the question.
25
posted on
01/23/2015 11:04:45 AM PST
by
MrB
(The difference between a Humanist and a Satanist - the latter admits whom he's working for)
To: Brad from Tennessee
529 = White Privilege, according to Obama.
26
posted on
01/23/2015 11:06:03 AM PST
by
dfwgator
To: dfwgator
Yep, there’s no reason to tax 529’s to “pay for” any program. He’s never been concerned about spending money the gov’t doesn’t have before,
so, this idea of taxing 529s is simply a punishment.
27
posted on
01/23/2015 11:07:54 AM PST
by
MrB
(The difference between a Humanist and a Satanist - the latter admits whom he's working for)
To: All
28
posted on
01/23/2015 11:08:30 AM PST
by
musicman
(Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
To: conservatism_IS_compassion
I haven’t read the article - it is the New York Times - but the Wall Street Journal editorial today points out that Obama’s proposal grandfathers in past 529 contributions . . . including the $240,000 worth of 529 which the Obamas have laid by for their children . . .<\i> Well then, that makes perfect sense. The idea probably was the Wookie's.
29
posted on
01/23/2015 12:19:03 PM PST
by
immadashell
(The inmates are running the asylum.)
To: Brad from Tennessee
Funny how whenever the NY Slimes reports on an issue that makes Obozo look like the kleptocratic tinpot dicktater he is, they forego a comments section for the article.
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