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:
Proof that taxation is theft.
Huh???
They already do. Try getting it out
Better not Congress
no no no
wrong we earned every dime and sould be left alone
They will face an assembly if the dont start serving the people.
They are already taxed
All money is taxed…either on the front end or the “end.” Money saved in an untaxed fund will be taxed when you start to withdraw. Supposedly you will be in a lower income bracket.
REMEMBER WHY THIS COUNTRY WAS STARTED.