Watch out, America. Congress is coming after your retirement fund.
Republicans in Congress have a daunting task in front of them. For years, they have campaigned on a promise to lower tax rates and balance the budget, but accomplishing both goals at once is nearly impossible. Now that they control both chambers and the White House, they actually have to make it happen. Somehow, Congress needs to raise revenue while lowering taxes — and now they think they may have found a way.
But you’re not going to like it.
One of the few sources of income not already taxed is the money contributed to a 401(K) — so it was only a matter of time until the government came after the potential revenue source.
And now they’re about to.
Read about the plans to tax 401(k) contributions on the next page:
Is it taxed now when/if you take it out?
That’s b******t.!!!!
Just a bunch of BS
f**e news
Donald J. Trump, protect our 401k plans.
It can be if you take out while still working, or after retirement if you still work and have taxable earnings.
Everything is taxed folks! You know that!!!
This is not true!!!
Terrible. Lowering taxes is part of why people have 401Ks.
America just quit paying federal taxes​ they can’t lock everyone up cut them off they have robed the American citizens blind as it is stand for something are fall for anything