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:
Don’t even think about it you greedy bunch of losers.
This is silly. Nothing is untaxed. It’s tax deferred. It’s all taxed when it’s taken out. They get their bite at the apple.
They better not
f**e news for snowfucks
Government pensions should be taxed before public long term incestments…
Government pensions should be taxed before public long term investments… it’s kind of funny how I pay tax on every dollar I make including my investments and I’m good at my job, yet these monkeys that are horrible at their jobs get full pensions. Cut that$#%&!@*down like weeds.
Can’t get enough tax dollars that corrupf GOVERNMENT of ours..
Next they’ll tax the air we breathe and everytime we flush tbe toilet too!!
But I thought Republicans were going to Help the Middle Class and the Elderly lol 😉
NO
the one who wrote this is super idiot! 401k has been taxed when you withdraw…don’t fool the readers..if you have nothing to write, then shut up…