Hows that 401K working for ya?
Dont forget, you get to pay taxes on that and then Hermans gonna tax it again!
Hows that 401K working for ya?
Dont forget, you get to pay taxes on that and then Hermans gonna tax it again!
The way I read it there will only be a 9% max tax on withdrawls from a 401 since those withdrawls are treated as normal income. Depending on how I spend or what I buy there may only be an additional 9% on those purchases. Even if I end up getting the full hit on some items it’s still cheaper than the rate I will pay now on normal withdrawl.
Would you rather get your 401k like it is or would you rather have each dollar buy 10% more with 9% fewer dollars and have the income tax code erased?
Is everyone who says you're just pimping for Perry right? You are ignoring things and spouting half truths.