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Democrats to get rid of 401K tax breaks


Kitcat
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I can't believe this is getting so little press

House Democrats Contemplate Abolishing 401(k) Tax Breaks

Powerful House Democrats are eyeing proposals to overhaul the nation’s $3 trillion 401(k) system, including the elimination of most of the $80 billion in annual tax breaks that 401(k) investors receive.

The link below tells you more....

http://www.workforce.com/section/00/article/25/83/58.php

This is exactly what we need! :banghead: Unbelievable! Do they realize what this will do to the stock market?????

:porn: :blah::blah:

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I can't believe this is getting so little press

House Democrats Contemplate Abolishing 401(k) Tax Breaks

Powerful House Democrats are eyeing proposals to overhaul the nation’s $3 trillion 401(k) system, including the elimination of most of the $80 billion in annual tax breaks that 401(k) investors receive.

The link below tells you more....

http://www.workforce.com/section/00/article/25/83/58.php

This is exactly what we need! :banghead: Unbelievable! Do they realize what this will do to the stock market?????

:porn: :blah::blah:

Those deferments are the only thing that make the plan work, and the only true retirement many of us have.

I gotta feeling the average person will suffer under the Dems.

Republicians havent been anything to brag about, but this move by the dems would be really bad.

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Yeah, and it's another sneaky way to raise taxes without saying they're raising taxes! We would end up paying taxes on the 10% we currently put in our 401K! And we could possibly be bumped into a higher tax bracket! :laughing:

eff them! :laughing:

Edited by Kitcat
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