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Fiscal Cliff Idea: How About We Tax Your 401k?

Henry VIII Wrote: Nov 29, 2012 4:33 PM

If this 401k business isn't enough, Marc Lamont Hill, the affirmative action moron who appears on O'Reilly wants to wander through our personal effects and tax furniture, jewelry, bank accounts et al. Libturds have never known a dollar they wouldn't spend and waste, and they are NEVER, NEVER satisfied. This is fascism.....

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Joseph64 Wrote: Nov 29, 2012 5:20 PM

Some states already do that. It's called a personal property tax. You are actually expected to add up the value of everything you own and then send the state a check for a percentage of the value. What that basically means is when you buy something, you will be making payments on it forever or for as long as you own it.

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Duke Nuk'em Wrote: Nov 29, 2012 4:38 PM

When the SCOTUS destroyed the 4th Amendment with Kelo v. New London, the right to personal property went out the window. That's how the dimwitted democrats will take everything!

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Henry VIII Wrote: Nov 29, 2012 4:43 PM

I have actually had libturd morons insist that it was the conservative SCOTUS's who voted in favor of the Kelo case....this is the base level of ignorance we conservatives have to deal with.

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MacQ - Texas Wrote: Nov 29, 2012 4:37 PM

I saw that on O'Reilly. What a dolt that guy is.

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Henry VIII Wrote: Nov 29, 2012 4:48 PM

Yeah, did you see the arrogance in his tone and face when he said that he wanted O'Reilly's property? I thought Bill was going to punch him....

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MacQ - Texas Wrote: Nov 29, 2012 5:22 PM

I would have enjoyed that.
I am sorely and gravely disappointed in my countrymen for turning into pigs.

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worker Wrote: Nov 29, 2012 6:23 PM

That's the wealth tax they are talking about. If you have property but not money your still taxed on what the property is worth. Can you see what this would do to family farms? Adgenda 21? No private property?

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Fiscal Cliff Idea: How About We Tax Your 401k?

How do you feel about the government touching your private retirement account known as your 401k in order to "pay down the deficit?" Not so good? Already feel like the government has stolen your retirement through Social Security? Well get ready because taxing the 401k is floating around as an idea while the fiscal cliff talks on Capitol Hill continue.

One of the earliest fears about tax-favored savings accounts like IRAs and 401(k) plans was that when this pool of savings grew large enough Congress would not be able to resist tapping it to help solve the...

Related Tags: Social Security Retirement 401k Harry Reid Fiscal Cliff