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".

2 comments:

  1. 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.

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  2. 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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