Monday, March 04, 2013

Retirement Savings? Fuggeddaboutit

They're baaaa-ack:  the decidedly Lefty Brookings is pushing a new tax.

On your 401(k)

...The budget challenges confronting the federal government are leading to scrutiny of tax-advantaged savings accounts such as 401(k)s because they’re among the costliest tax breaks. A Brookings Institution report released Tuesday adds to research that recommends curtailing the benefits for top earners to boost U.S. coffers.

"Costliest tax breaks"?  "Costliest"?

Oh, yah.  I forgot.  Brookings thinks that all money is Uncle Sam's money.

 Note, too, the weasel-wording "high income".


Anonymous said...

You know - "high income". As in, if you can afford to put money into a 401k amount, you make a "high income". Thus, it's worthy of being stolen from just about anyone that has a 401k account.

They'll probably tax the money that you take out of your account so that you can give it to them.

Amy said...

In other news, tax revenues to hit all-time high in 2013. So this isn't about needing the money. It's about not want the peons to have it.