Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Oceander; Kaslin

The other possibility is that the Dems are encouraging this rumor so as to scare people into taking their money out of their retirement accounts now and paying a lot of it in taxes. The Dems want money now, and this is a way of generating more revenue.


9 posted on 07/01/2010 9:58:19 PM PDT by Pining_4_TX
[ Post Reply | Private Reply | To 8 | View Replies ]


To: Pining_4_TX

Possibly, but right now a lot of that is happening anyways because it’s possible this year to roll a traditional account over into a Roth IRA and pay only the ordinary income taxes, and not the early withdrawal penalties.

Nonetheless, the SEIU has already stated that this is one of their legislative goals, and we all know who’s the dog and who the tail when it comes to the SEIU and the Democrat party.


10 posted on 07/02/2010 3:52:57 AM PDT by Oceander (The Price of Freedom is Eternal Vigilance -- Thos. Jefferson)
[ Post Reply | Private Reply | To 9 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson