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".
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2 comments:
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.
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.
http://townhall.com/tipsheet/guybenson/2013/03/05/tax-revenues-projected-to-hit-alltime-high-in-2013-n1525996
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