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Reload this Page Democrats Eyeing Abolishing 401K Tax Break...
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Old 10-23-2008, 09:47 PM
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Default Democrats Eyeing Abolishing 401K Tax Break...
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Think your 401K is safe under a Dem controlled Congress and POTUS? Think again...
House Democrats Contemplate Abolishing 401(k) Tax Breaks | workforce.com

Bye bye 401K...Hello government controlled retirement...
Quote:
Under Ghilarducci’s plan, all workers would receive a $600 annual inflation-adjusted subsidy from the U.S. government but would be required to invest 5 percent of their pay into a guaranteed retirement account administered by the Social Security Administration. The money in turn would be invested in special government bonds that would pay 3 percent a year, adjusted for inflation.


Gotta love it. More government control over your money, investments, your life.
Last edited by VTXDave; 10-23-2008 at 09:59 PM..
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Old 10-23-2008, 10:13 PM
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Think your 401K is safe under a Dem controlled Congress and POTUS? Think again...
House Democrats Contemplate Abolishing 401(k) Tax Breaks | workforce.com

Bye bye 401K...Hello government controlled retirement...


Gotta love it. More government control over your money, investments, your life.
Stupid Democrats



Yes, the markets are down slightly, but this is hardly a reason to let the government have even more control over our lives.

And what the hell are they talking about, I thought that's what Social Security was for. Why are they talking about screwing with our 401Ks when we already pay Social Security Taxes?
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Old 10-23-2008, 10:19 PM
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Stupid Democrats



Yes, the markets are down slightly, but this is hardly a reason to let the government have even more control over our lives.

And what the hell are they talking about, I thought that's what Social Security was for. Why are they talking about screwing with our 401Ks when we already pay Social Security Taxes?
They smell money and another avenue to exercise control over the "commoners".
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Old 10-23-2008, 10:21 PM
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They smell money and another avenue to exercise control over the "commoners".
How long do you think it is before they are trying to dictate to us how long we hold it, and how long we piss for?
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Old 10-23-2008, 10:23 PM
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How long do you think it is before they are trying to dictate to us how long we hold it, and how long we piss for?
I give it 12 to 20 years.
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Old 10-24-2008, 10:53 AM
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So, If I said that Communism is alive and well in the Democrat Party, would anyone laugh?

Vi
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Old 10-24-2008, 11:02 AM
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It's a bit interesting that no Dem supporter has chimed in on this potentially egregious piece of legislation. The fact that members of Congress are even contemplating this is reprehensible.
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Old 10-24-2008, 12:53 PM
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So, If I said that Communism is alive and well in the Democrat Party, would anyone laugh?

Vi
, lol.

Where are the Democrats, surely they aren't going to let me get away with saying that their party is a bunch of traitors, dogs, and necrophiliacs. Yes, necrophiliacs, because their wet dreams probably consist of screwing the corpses of Marx, Lenin, Stalin, Mao, and PalPot.
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Old 10-24-2008, 10:27 PM
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Eerily quiet in here.
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Old 10-25-2008, 12:11 AM
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Maybe they went hunting for their Comrade Mao costumes, and 12 year old virgin costumes so they could emulate Mao... sick people...
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