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fescuerescue

(4,448 posts)
29. Fine by me. It's just a way for the 1%'ers to lower the tax burden anyway
Sat Oct 21, 2017, 07:52 PM
Oct 2017

For most people $2400 a year is about average.

We need more tax revenue. Not less and cutting the amount the wealthy can hide is good.
A proposal that is magnificent in its stupidity. Americans need MORE, not less, encouragement and spooky3 Oct 2017 #1
I know exactly what they'll say RandySF Oct 2017 #3
Some may also tend to put more into the "wild west" stock market. KY_EnviroGuy Oct 2017 #21
most 401K go into the market, Hamlette Oct 2017 #59
It is the Mona Lisa of stupidity. grantcart Oct 2017 #53
Work until you die. -Signed GOP JDC Oct 2017 #2
These assholes want civil slaves. Lint Head Oct 2017 #4
Citizens with enough money to make them somewhat comfortable Eliot Rosewater Oct 2017 #5
What's really sad. RandySF Oct 2017 #28
...and it gets worse. Xolodno Oct 2017 #72
The Republican Party's greatest accomplishment... RandySF Oct 2017 #73
Well...yeah... Xolodno Oct 2017 #75
Sarah Silverman new HULU show "I love you America" Eliot Rosewater Oct 2017 #89
If they get this passed, next step is... roamer65 Oct 2017 #6
Rotten bastards. smirkymonkey Oct 2017 #7
Along with cuts to Medicare. They want us destitute when we retire. nt Irish_Dem Oct 2017 #8
Just to be clear, the same total contribution limits would remain unblock Oct 2017 #9
So my taxes go up. RandySF Oct 2017 #10
Your taxes would go up now, but be lower in retirement. unblock Oct 2017 #13
No guarantee they will be lower in retirement. roamer65 Oct 2017 #17
Forecasting is always dicey, but yeah. unblock Oct 2017 #18
401 K's are all that is left...since pensions have been pretty much destroyed....another gift from Demsrule86 Oct 2017 #81
Its a huge tax increase on the middle class. roamer65 Oct 2017 #11
Exactly RandySF Oct 2017 #12
Due to its $18k cap, 401ks are a specific middle class savings vehicle. roamer65 Oct 2017 #16
When talking tax brackets, Igel Oct 2017 #24
Anybody who can put away $18k a year isn't middle class fescuerescue Oct 2017 #30
Wrong GulfCoast66 Oct 2017 #33
Well you can still save as much as you want to. fescuerescue Oct 2017 #42
You suggesting I do not pay my fair share? GulfCoast66 Oct 2017 #45
not at all fescuerescue Oct 2017 #60
I am comfortable with what I do to help the less fortunate. GulfCoast66 Oct 2017 #65
Perhaps, but plenty of middle class people can afford to save more than $2400 TexasBushwhacker Oct 2017 #36
You're flat out wrong GP6971 Oct 2017 #51
My wife and I come close to that on $80K gross income NickB79 Oct 2017 #58
If you have enough extra income to set aside $18k a year fescuerescue Oct 2017 #61
Or you live BELOW your means Drahthaardogs Oct 2017 #69
...... A HERETIC I AM Oct 2017 #79
That's what mine is for JustAnotherGen Oct 2017 #80
Wait, I thought MichMary Oct 2017 #14
You never heard that from me. RandySF Oct 2017 #15
401Ks of today are often not as good as pensions of the past n/t TexasBushwhacker Oct 2017 #38
But they are often better. GulfCoast66 Oct 2017 #46
Of course because the rich dont need it Thrill Oct 2017 #19
This message was self-deleted by its author RandySF Oct 2017 #41
How about we put a limit on the mortgage interest deduction? krispos42 Oct 2017 #20
Got my vote. roamer65 Oct 2017 #23
Do you think that's right for TANF and other programs, too? Igel Oct 2017 #25
I believe government policy across the board should encourage smaller families going forward. roamer65 Oct 2017 #31
Hardly anyone gets TANF anymore anyway TexasBushwhacker Oct 2017 #39
If you can actually write off interest on a HeartachesNhangovers Oct 2017 #44
There already is a ceiling on the mortgage deduction... Rollo Oct 2017 #50
Get your running shoes on. KY_EnviroGuy Oct 2017 #22
They should raise the IRA contribution limit to match that of the 401k Rollo Oct 2017 #26
The limitation may include ira's. RandySF Oct 2017 #27
There should be no decrease in either 401k or IRA. Instead the IRA limit should be increased to... Rollo Oct 2017 #32
I agree. 401Ks often have employer contributions TexasBushwhacker Oct 2017 #40
It's probably because the working class has no lobbyists... Rollo Oct 2017 #48
Fine by me. It's just a way for the 1%'ers to lower the tax burden anyway fescuerescue Oct 2017 #29
NO! The 401k or IRA deduction is not just for wealthy!!! Rollo Oct 2017 #35
This is what Republicans are trying to do. RandySF Oct 2017 #64
No, the GOP is not trying to increase the IRA limit to same as the 401K limit!!!!!!!!!!!!!!!!!!!!!!! Rollo Oct 2017 #68
I mean they are pitting the poor and middle class against each other. RandySF Oct 2017 #71
An IRA is not your only vehicle A HERETIC I AM Oct 2017 #78
What makes you think I haven't done that, too? Rollo Oct 2017 #87
Bullshit RandySF Oct 2017 #37
This message was self-deleted by its author GulfCoast66 Oct 2017 #47
Then close the tax loopholes for the wealthy. roamer65 Oct 2017 #49
I'm all for closing tax loopholes fescuerescue Oct 2017 #63
No everyone making more than you is the 1% GulfCoast66 Oct 2017 #52
Actually the wealthy use the 401k as a tool to shelter millions fescuerescue Oct 2017 #62
Incorrect. 18k is the limit of tax deferred income GulfCoast66 Oct 2017 #66
There are loopholes fescuerescue Oct 2017 #83
Are sure you are not meaning an IRA? GulfCoast66 Oct 2017 #88
thats a trivial restriction actually fescuerescue Oct 2017 #90
Investing 101 RandySF Oct 2017 #77
Vey good! Now lets skip ahead to Investing 404 fescuerescue Oct 2017 #84
An IRA is not the same as a 401k. n/t tammywammy Oct 2017 #86
I may have to use my extra income to buy guns at a pawn shop Ilsa Oct 2017 #34
This would be revenue neutral. Where does Trump Inc make money? KentuckyWoman Oct 2017 #43
I think Wallstreet Turbineguy Oct 2017 #54
remember when 401ks were going to be better than pensions? DonCoquixote Oct 2017 #55
So the Republicans eliminate the Defined Benifit Pensions and push the 401k doc03 Oct 2017 #56
So much for help for the middle class mcar Oct 2017 #57
I am fairly confident they will never do this, or eliminate SALT deductions. tritsofme Oct 2017 #67
No. It is not to "support broad reductions in individual tax rates" jmowreader Oct 2017 #70
Wow. Enforced poverty at the end of life. Social Security under threat, company pensions wrecked... Hekate Oct 2017 #74
i'll keep my "wealth" bdtrppr6 Oct 2017 #76
Trump and the GOP want to take everything extvbroadcaster Oct 2017 #82
Trumpanzees knew what they were getting into HAB911 Oct 2017 #85
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