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

mbeverly Wrote: Nov 29, 2012 10:47 PM

I agree with you. An "Elected Government Official" should not be receiving the type of salary and all the perks that go along with the position and still be immune from all the policies and taxes passed on to us, the tax payers that pay for all the salary and perks. And, oh while we are at it, I think President Obama can fire his personal attendant that waits from him to arrive in the movie room at any time of day to start a movie in the DVD player for him. What, is he not intelligent enough to push play.

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wulf73 Wrote: Nov 29, 2012 11:46 PM

No he is not.

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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