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:
o berry al most did that
Taxed twice????
The majority of businesses are owned by Republicans they do not want people to retire they want you to die first making profits for them no unions lower pay less benefits just looking in the right state it’s already been going on for quite a while
THEY ARE ALREADY TAXED, when we earned the money…
No no
They already got it
What a shame Congress wants to double tax your 401 Retirement money. Time to cut their benefits that’s fair.
They are already taxing up to 85 % of our social security checks. When will it end ?
Congress will do anything to take money from the taxpayers.
Stop this f**e news. Stop posting this$#%&!@*ass holes