U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
 
Old Today, 09:23 PM
 
Location: Pyongjang
5,571 posts, read 2,358,120 times
Reputation: 3779

Advertisements

Good to see non-partisan outlets are fighting back at the far left and their idiotic proposals.

https://www.napa-net.org/news-info/d...cal-piggy-bank

Quote:
Harris claims to raise “well over $2 trillion” over a 10-year period to pay for her proposal through a couple of measures, including a financial transactions tax on stock and bond trading, which – though it’s described as directed at “investors and big banks” – would also include the “investors” called American retirement savers and the hard-earned money set aside in their 401(k)s, IRAs and pensions.

Nor is Harris the first presidential aspirant to seek to pay for her proposal with a sweeping tax on investment transactions with no apparent exception for retirement accounts. Earlier this year, Sen. Bernie Sanders (I-VT) cosponsored the Inclusive Prosperity Act of 2019, which claimed to generate up to $2.4 trillion in “public revenue from wealthy investors” to help pay for a program that would underwrite forgiveness of student loan debt.
Quick reply to this message

 
Old Today, 09:37 PM
 
29,714 posts, read 15,553,838 times
Reputation: 20173
Eventually they will propose taxes based on assets on top of earnings.

I bet it's only 8 years or less until they propose a national property tax.
Quick reply to this message
 
Old Today, 09:44 PM
 
Location: NE Mississippi
13,793 posts, read 8,651,066 times
Reputation: 20086
Quote:
Originally Posted by PedroMartinez View Post
Eventually they will propose taxes based on assets on top of earnings.

I bet it's only 8 years or less until they propose a national property tax.
I don't know about that, but they will come after 401(k)'s, IRA's and the like. One way or the other, they will find a way to tax it.
There is already a proposal that would require non-spouse heirs to empty out the old 401(k) in 10 years. So if Dad dies and leaves $1M to Mom, when she dies Junior will have to take it all within 10 years and pay taxes on it.
Quick reply to this message
 
Old Today, 09:48 PM
 
29,714 posts, read 15,553,838 times
Reputation: 20173
Quote:
Originally Posted by Listener2307 View Post
I don't know about that, but they will come after 401(k)'s, IRA's and the like. One way or the other, they will find a way to tax it.
There is already a proposal that would require non-spouse heirs to empty out the old 401(k) in 10 years. So if Dad dies and leaves $1M to Mom, when she dies Junior will have to take it all within 10 years and pay taxes on it.
When you view everyone else's money as yours, you believe those tactics are legitimate.
Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


 

Quick Reply
Message:
Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top