The money in an IRA is not “tax-preferred,” as the White House asserts. Money in an IRA is rather “tax-deferred,” meaning the government is going to get their money one way or another. No surprise there that they got that wrong. The White House is short on CPAs. They don’t even know how to do their own taxes right.
Pope Francis, Chris Christie, Bobby Jindal, Paul Ryan and Marco Rubio walk into a bar...
You guys obviously aren’t poor, and any financial advisor who says you need to fake being poor in order to get help is not a person whose advice I want to follow.
Am I the only one who thinks it is immoral to bring children into the world if you don't have the means to support them? I must be one of the few.
With all the talk about taxing the rich, we hear very little talk about taxing the poor. Yet the marginal tax rate on someone living in poverty can sometimes be higher than the marginal tax rate on millionaires.
Indeed, in 1900 only 2% of homes in America enjoyed electricity.