To: edwinland
It will just be a "millionaires tax" on withdrawals from an 401(k) that has more than say $250,000 in it. it will start small (maybe 3 or 4%) and then grow little by little to match the falloff in benefits for public union employees.
The same way they sold the income tax. "Only the rich will pay" mm-hmm.
29 posted on
08/25/2020 2:19:06 PM PDT by
LostInBayport
(When there are more people riding in the cart than there are pulling it, the cart stops moving...)
To: LostInBayport
The same way they sold the income tax. "Only the rich will pay" mm-hmm.Exactly. Most people have no idea what income tax was like when it first started out. Do yourself a favor and fill out the 1913 1040 form. Even with our horribly inflated currency, I'd rather have that form and tables than the modern one.
83 posted on
08/25/2020 7:24:40 PM PDT by
zeugma
(Stop deluding yourself that America is still a free country.)
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