House Democrats Contemplate Abolishing 401(k) Tax Breaks

What is this? Am I reading this right. Another tax hike by abolishing matching fees on our contributions. The libs/socialists just can't wait to tax us. If I'm reading this wrong please let me know, but I sure don't like the sound of it. The Nanny state is already eye balling our money.
CB
CB,

That's not all I see on this.....They are looking to a guarantee retirement account. Kind of like the way they sold SS.

I've got my ears and eyes on this one.:suspicious:
 
CB,

That's not all I see on this.....They are looking to a guarantee retirement account. Kind of like the way they sold SS.

I've got my ears and eyes on this one.:suspicious:


Yeah I picked up on the dual SS system and they F*%& system up, no they want to do the same with our TSP. :mad:

CB
 
What is this? Am I reading this right. Another tax hike by abolishing matching fees on our contributions. The libs/socialists just can't wait to tax us. If I'm reading this wrong please let me know, but I sure don't like the sound of it. The Nanny state is already eye balling our money.


http://www.workforce.com/section/00/article/25/83/58.php

CB

How did you think they would pay for the bailout?
Either print more money and watch the dollar fall or get it the Liberal Socialistic way....Tax the hell out of us.
 
What is this? Am I reading this right. Another tax hike by abolishing matching fees on our contributions. The libs/socialists just can't wait to tax us. If I'm reading this wrong please let me know, but I sure don't like the sound of it. The Nanny state is already eye balling our money.


http://www.workforce.com/section/00/article/25/83/58.php

CB

Here we go again, the Dems are out fo the cage. Just wait, if Obama wins this type of crap will be the norm. Guess they would want me to give up my CSRS retirement for an expanded Social Security System? And the FERS folks will really take a beating. Looks like more taxes to me! I encourage all to vote the Dems out of the House and Senate, even up the vote so one party can't abuse the people of the USA with their Liberal stupidity!:cool:
 
Aren't all taxes wealth redistribution? In fact, aren't each of our pay checks wealth redistribution?

Well obviously obama backers are fine with this and all other tax increases. But anyone that wants to pay more taxes are free to write a check for more. We obviously disagree on what is fair when it comes to reneging on a deal or paying taxes. You're fine with what they want to do with our savings, I'm not. 'Nuff said on this subject.

Have a good weekend,
CB
 
The Dems are so excited about the polls showing Barry as the winner, they just can’t resist the temptation of thinking about touching our 401K tax breaks. What next, end home mortgage interest deductions?!! I guess they figure they are so far ahead in the presidential polls, who cares anymore…:cool::cool:
 
Well obviously obama backers are fine with this and all other tax increases. But anyone that wants to pay more taxes are free to write a check for more. We obviously disagree on what is fair when it comes to reneging on a deal or paying taxes. You're fine with what they want to do with our savings, I'm not. 'Nuff said on this subject.

Have a good weekend,
CB
No one is saying any of the above CB. I was just acknowledging "wealth redistribution" as a buzz word--much like the "death tax" from a few years back. If you were really opposed to the idea, then you would also have some major concerns in other areas--like the source of your (and my) paycheck. Or Public Schools? Police Departments? Libraries?*

Anything else is just using the word for its political undertones.

*As an aside, it still constantly amazes me the number of federal government workers that are verbally against socialism while simultaneously working for the largest socialist organization in the world.
 
*As an aside, it still constantly amazes me the number of federal government workers that are verbally against socialism while simultaneously working for the largest socialist organization in the world.

Here, here. I once had a 'discussion' with a fellow government worker about taxes and their benefits. This worker was very upset to be paying 29% capital gains taxes. After many questions on my part (I was a newbie), I understood that he thought that paying 29% to the government who helped regulate and build the infastructure that allowed him to put 71% of the profits from his investment into his pocket was an unreasonable. My comment was that he was living off taxes and was lucky to have made more than enough money to put that extra into the stock market and that he was just paying to have a playground to play in with his 29%. My only wish was that the government used that money to update the countries infrastructure of power, water, roads, communications, etc... as when these start to fail, the market will too. I should have been more farsighted about including financials in that list. This conversation occurred during the devaluation of the ruble in 2000.
 
No one is saying any of the above CB. I was just acknowledging "wealth redistribution" as a buzz word--much like the "death tax" from a few years back. If you were really opposed to the idea, then you would also have some major concerns in other areas--like the source of your (and my) paycheck. Or Public Schools? Police Departments? Libraries?*

Anything else is just using the word for its political undertones.

*As an aside, it still constantly amazes me the number of federal government workers that are verbally against socialism while simultaneously working for the largest socialist organization in the world.

Common sense and reality have to be considered when expending federal funds and I do have some major concerns with the expenditures of Federal Funds. I believe that I pay enough taxes and resent the fact that someone or some party can take money that we have been saving and give it to those who refuse to better themselves, because they have been on the dole, most for generations. The politicians, both sides, need to do something novel like,,,,uh, I know, cut spending, before they automatically start considering the many ways to screw us out of our hard earned retirement savings.

School systems? Take Wash DC, for example. It has the highest per capital dollars spent per student in the country and about a 50% drop out rate also near the highest if not the highest, so lets throw more money at them? Plus when teachers are tested for competency to teach a subject, then I’ll even be open to paying the more qualified teachers more money with my tax money. We just voted to have our PP taxes raised about 4 years ago for 3 new schools in our county and we got it passed. But it was our choice, not some Federal edict forcing us to pay additional taxes.

Police officers, never paid enough? But vigilantism might cut down on the court back log and crime rate, well eventually, there would be that nasty initial uptick on crime as the criminals are weeded out. ;)

Libraries? Museums, public radio, free college tuition, free food, where do you draw the line? I’m more of a take personal responsibility for yourself and your own community type.

Oh and we have our share of socialist types working in my office. They are the ones that never volunteer to spend weeks or a couple of months away from home on hurricane or flood disaster relief and no I don’t work for FEMA. I work for the government to help people, especially when their homes have been destroyed. That’s the most satifying part of my job. I actually get to help people by building things for them. You may call that socialism, but I call that helping my fellow man.

There are things that only the Feds can do, unfortunately they are trying to do everything for everybody and in the process they are destroying a person’s will or desire to excel in life and because of this we ARE (don't know how to bold, but I'm not yelling) becoming largest socialist organization in the world and I hate that. Why work or save, when Uncle Sugar, will take care of you?

And if my job gets cut in reducing the size of government, so be it, I’ve quit one job and got laid off from another both in private industry, before this one and I have another lined up already, when I retire from here. So if it would mean a better life for my daughter and her kids, they could lay me off right now.

Again, we’re just going in circles, we just have a different view on life and different life experiences and I’m tired of typing. :laugh:

CB
 
DC is a basket case onto itself - the local government has no power, anything they do can be overridden by Congress. So you can complain to the local officials all you want - with a stroke of a pen, it won't matter.
 
DC is a basket case onto itself - the local government has no power, anything they do can be overridden by Congress. So you can complain to the local officials all you want - with a stroke of a pen, it won't matter.

My bad, using the DC school system as an example of trying to make a point that throwing tax dollars at a school system cures it problems. Personal responsibility has to be in the equation also and I know there are all sorts of extenuating circumstances; family and income wise, but then we'll just be profiling children and saying all kids who come from that type of background will have a high faliure rate also. Spending tax money doesn't cure all problems was the ponit I was trying to make about schools. There are always exceptions to any rule and nothing is absolute. Again my bad.

CB
 
And your point? :confused:

CB
That your use of the phrase was that of a qualifier and not a tautology.

Its like politicians saying they are "for the children." On my local level, we have one running on a platform of "tired of waiting in lines." Seriously. Show me someone who is against either.

The problem arises when its used as a qualifier to imply that the other position is counter the idea. I'm for the children so he must be against them. Or in this case, personal responsibility must be part of the solution to mean that it is not part of the solution in place now.
 
Well obviously obama backers are fine with this and all other tax increases. But anyone that wants to pay more taxes are free to write a check for more. We obviously disagree on what is fair when it comes to reneging on a deal or paying taxes. You're fine with what they want to do with our savings, I'm not. 'Nuff said on this subject.

Have a good weekend,
CB
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I was totally shocked by this article which I pulled up at lunch from another source, but thanks CB. I've been tied up in projects.
http://www.workforce.com/section/00/article/25/83/58.php
Seems like, they know some people can't or won't plan for retirement. SSA can't help much then they are going to rob those who do plan ahead for retirement. Tax them so that everything is 'fair?'. This is insane just let (the system, the market, the world) correct itself and leave us :worried: soon-to-be-retirees?(22 years togo?) It's not a big issue now but when there's issues, express them! :sick: I'm kind of scoping around for a quick pick up on a good house deal, so I'll always be needing more capitol around, both now and especially later. I don't want my money robbed by Obama's taxes. Happy Weekend, everyone
 
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