Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: dfwgator
Everybody with a 401(k) who is withdrawing money for retirement expenses will certainly pay attention to the fact that Mitt's "investment income" is taxed at the lowest possible rate of 15%, and all 401(k) withdrawals are taxed at the highest possible income tax rate.

Most of your retirees pay higher taxes than Mitt.

12 posted on 01/18/2012 2:48:12 PM PST by muawiyah
[ Post Reply | Private Reply | To 2 | View Replies ]


To: muawiyah

It is interesting to see how some get their talking points from MSNBC. We all pay 15% on our investment income (you, Biden, Mitt, Newt, Obama, etc.) so comparing it your 401K withdrawal, which is not investment income, is truly bogas. Second, you put your 401K monies in tax free. You could convert the 401K monies to a Roth IRA then your investment income would be zero. Now what.

When making statements like this, it would best to be correct with the logic versus repeating what Joe on MSNBC said.


58 posted on 01/18/2012 4:59:22 PM PST by bobsunshine
[ Post Reply | Private Reply | To 12 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson