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I wonder if anyone is making a living giving such astute advice! State what everyone already knows and cash a check. New mantra for writers. Mike
Once again politicians manipulating the tax code to cater to voting blocks. Why not just a equal tax for every US citizen? Everyone pays the same amount regardless of income, purchases, retirment planning, number of children, school status, marital status, age, race, religion, contributions to organizations, etc.
Equal amount for every US citizen and adjust government spending to live within the generated revenue.
If the revenue isn't enough cut those things not explicitly called for my the constitution. If still not enough raise the tax on everyone equally.
We really , really need to know the truth about if Christie lied claims Matthews , Madcow , Ed , etc etc etc
Can't have a politician lying !
OK, how about your PRESIDENT ?
Let me ask these lefty, cretins
Don't we REALLY , REALLY need to know the following about our President, Papa Doc's lies ???
Where was he born ? Who cares !
Why are all his college records sealed ? Who cares !
Fast n furious ? Who cares !
Benghazi ? Who cares !
IRS spying ? Who cares !
AP spying ? Who cares !
Solyndra involvement ? Who cares !
Obuma care scams/lies ? Who cares !
The deficit deceit ? Who cares !
If the average American truly understood what this corrupt , community organizing fool, has done to our once great country , they would wet their pants.
An implicit , commie media and all they want to do is eliminate the last bastion of truth , Fox.
When they do you , Amerika will be just like the motherland USSR
I agree 100% with somebody else here, to ABOLISH the IRS, period. We must remember the mantra "tax without representation", today probably we will be better under the Crown that under the tyranny of Washington. British enjoy an excellent health care system. We are an over taxed nation, sadly to empower a monster dedicated to foreign wars, without benefit for the majority.
Retirement should not be taxed, we pay already in our labor days taxes to the monster. A flat rate of 10% will be enough for those working.
Actually, if one were to interpret the income tax laws, you would come to the conclusion there is no tax on your labor.
The Federal government has and continues to perpetrate this fraud on all of us since 1913. When it comes to the US government ,the word fraudulent would be an accurate description .
401(k)'s and IRA's that defer taxation until you reach 70 1/2 (at which time RMD requirements force you to sell them and pay tax on 100% of the revenues) sounded pretty good at the time.you made the tax-free investment. However, two problems arise:
1) Up to 80% of your social security benefits will be taxed at your highest marginal rate (after taking your taxable RMD revenues into consideration as well as any other income.).
2) No one anticipated the huge Budget Deficits and insane growth in the National Debt which will no doubt result in substantial increases in tax rates.
The federal government says: "Pay me now or pay me later." Run the numbers for your own particular situation, and consider investments in Roth's.
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