Democrats to get rid of 401K tax breaks

[Kitcat]

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! Unbelievable! Do they realize what this will do to the stock market?????

:porn:

[Free Agent]

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! Unbelievable! Do they realize what this will do to the stock market?????

:porn:

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.

[Kitcat]

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!

eff them!

Edited October 26, 2008 by Kitcat