Tags: tax
Uncle Sam Wants Your 401(k)
11/07/08 03:47 , Categories: News, On the web, Are You Kidding Me, Political , Tags: 401(k), democrats, social security, socialism, tax Link: http://www.ignoranceorapathy.com/main.php/2008/10/24/democrats-to-destroy-401-savings
© ignoranceorapathy.com 11/06/2008
It is not that I want to say I told you so, but, I did tell you so and you elected the socialists anyway.
In my writings of Oct. 23rd I pointed you to the article on workforce.com House Democrats Contemplate Abolishing 401(k)Tax Breaks.
Before I point you to the latest in this saga I just want to paint a very ugly picture of the future of the markets if this continues to go forward and becomes policy and law.
House Demcrats Want to Abolish 401(k) Tax Breaks
10/24/08 03:04 , Categories: News, On the web, Are You Kidding Me, Political , Tags: 401(k), democrats, social security, socialism, tax Link: http://www.workforce.com/section/00/article/25/83/58.php
© ignoranceorapathy.com 10/23/2008
You do not have to dig very deep to find the problems with Obama’s tax speeches. Here is one of the reasons we must not send back the same ole Senator and Congressmen, taking back either or both houses of congress is just as important as the White House this year.
According to his statements on the campaign trail and in the debates, he is going to cut taxes. He states he will be cutting taxes for 95% of Americans and he promised a capitol gains tax cut for small business (what small business pays capitol gains taxes, they pay income taxes), among other things.
Article on WorkForce.com 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.
House Education and Labor Committee Chairman George Miller, D-California, and Rep. Jim McDermott, D-Washington, chairman of the House Ways and Means Committee’s Subcommittee on Income Security and Family Support, are looking at redirecting those tax breaks to a new system of guaranteed retirement accounts to which all workers would be obliged to contribute.
Oh how lovely a brand new and additional tax and social security program.
Top Two Democrats Promise to Spread the (your) Wealth Around
10/21/08 00:25 , Categories: Articles and Information, On the web, Are You Kidding Me, Political , Tags: biden, joe the plumber, obama, spread the wealth around, tax Say it ain’t so Home Depot Joe Biden and Barry (Barack Obama) Soetoro seem now to be in lock step on their socialist - Marxist, income / wealth redistribution tax plan.
Repo Joe says “it is time to be Patriotic, time to jump in, time to be part of the deal, time to help get America out of the rut”.
Joe is responding to a question at a campaign rally:
Joe's same comments with a straight face in a TV interview.
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