Posted on 01/26/2015 4:44:53 AM PST by Kaslin
Undocumented EXEMPT Obola steals from everyone
to give to his EXEMPT Congress (owning stock in
ObamaCARE investments) and his
Moslem Brotherhood/alQaeda allies for their genocide.
I guess the title should say “Not Really”, since there is no proposal to tax our savings on the table. The 529 proposal isn’t going anywhere. Some day they wiil, I have no doubt, but it won’t be under Obama.
Yepper, and when you make a TSP withdrawal, they automatically withhold the maximum amount so you have to wait until you file to recoup the excess they kept back. I just retired and am in the process of moving my TSP to a vehicle that pays a guaranteed minimum 6% and which also protects the principle 100%. It will also allow me to manage my taxes so I owe them a little bit at the end of the year - no way I want to have them owing me for anything.
My friend who is retired military said his retirement is being taxed.
Not buying this analysis about oil prices and effect of such: “And that’s more evidence that lower oil prices are better then—duh— higher prices. ... Big winners will also be the United States and the Euro Zone which also rely heavily on petroleum products.”
Higher oil prices drove the primary engine of high pay job creation in the US. Economics cuts both ways and the loss of those jobs will hurt, badly.
In this upside down, inside out world, being a thrifty saver MAKES YOU A CHUMP FOR THE SYSTEM!!!!
” The 529 proposal isn’t going anywhere. “
Nah, they will just blatantly confiscate it from your bank accounts in the dead of night.
What savings?
Being a thrifty saver could result in someone becoming wealthy.
Mr. Obama really IS simply looking out for our best interests. He’s trying to save us from becoming part of the “evil 1%”.
;-)
Yes, it is - by the Feds.
I’m in NC and under the Bailey Settlement so I don’t have to pay any state tax.
That’s pretty wild. I don’t get how it can be taxed TWICE
No doubt. He is a communist. communists want the government to own all assets and property. That’s what communism is.
But he will take them using the time-honored American Way: say you’re not doing it, give it a nice-sounding name, and go on doing what you wanted to do all along.
There is a few economic theories that say that saving is not only bad, but a sin.
The theory is you need to take the “savings” and put it into circulation as soon as possible. This helps the economy, forces you to work, and generates revenue for the financial sector.
I first ran into to this idea in a book by Taylor Caldwell that my grandma had. I was rather amused, till I heard it again in my econ classes.
I remember those from the before-time, before the wun. A distant memory from a better time.
How can it be taxed twice?
Same question with inheritance taxes.
Because YOU DIDN’T EARN THAT! You aren’t paying your FAIR SHARE!
18 trillion in debt and 60 trillion in unfunded liabilities.
NO politicians can talk about it or they are pushing grandma over a cliff.
The country is BANKRUPT right now. We owe more than we got.
Yet, like Greece, we keep electing socialists.
Right, of course.
There is so much tat is so wrong... I keep saying ‘I’m glad I’ll be dead before it gets where it’s going’.
Young people, (younger the me) are in for it. They’re the very people who keep driving this mania.
I am about to retire and very interested in something that would pay 6%. Annuity? If you are willing would you message me the name of the product to which you are referencing? I would be much obliged. :-)
My children’s 529s will be taxed TWICE if this goes through! Every penny put into them was already taxed.
Dittos to the above! Thanks!
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