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Biden is talking about taxing dividend income as ordinary income as well.
All capital gains should be taxed as ordinary income. Money you worked for should not be taxed higher than investment income.
You are taking away from the incentive to invest. Capital gains on after-tax income that you have risked are going to cut into your return. Now, what happens when that money “sits” on the sidelines or otherwise seeks out tax-friendly investments such as overseas investments over public companies. How does that impact 401(k)’s and pensions? How does that impact public companies?
Check your class warfare at the door for a moment and think on a macro basis.
Does paying higher tax make an incentive not to work?
Labor creates wealth. Investment just moves it around.
If you don’t invest your money, what will you do with it? Stick it under a mattress?
This is all right wingers know how to do even with a Commerce Clause and a central bank:Hardly any surprise there. Liberalism always has the exact opposite of the stated effect. Just one more thing Trump ought to be pointing out to people if he was a more experienced, practiced professional public speaker.Because Biden is a stupid socialist obsessed with trying to make things more "fair" he is going to screw up 401K accounts.
Liberals fuck up everything they touch.
Biden's plan to overhaul 401(k) tax breaks could force some companies to cut retirement benefits
A frequently overlooked part of Democratic presidential nominee Joe Biden's platform would upend the traditional tax preferences of retirement accounts like 401(k) plans — a change that industry experts warned could force some small companies to cut those benefits.news.yahoo.com
A frequently overlooked part of Democratic presidential nominee Joe Biden's platform would upend the traditional tax preferences of retirement accounts like 401(k) plans — a change that industry experts warned could force some small companies to cut those benefits.
Biden has vowed to convert the current deductibility of traditional retirement contributions into matching refundable credits for 401(k)s, IRAs and others.
The proposal from the former vice president is intended to level the playing the field of tax deferral in traditional retirement accounts, with the intent of boosting saving among low-income earners. But industry experts cautioned that by reducing the benefits that higher earners receive, the Biden campaign may have increased the likelihood of businesses abandoning those retirement benefits altogether.
You are confused Moon Bat.
That worthless Muslim shithead Obama added ten trillion dollars to that debt clock and all we got for it was increased poverty, decreased family income, increased taxes, a depleted military and dismal economic growth.
Biden will continue that agenda of destruction.
Only an idiot would vote for that worthless piece of corrupt shit.
JUST THINK: For Joe Biden to win, the nation would have to decide to abandon a president who is finally outside the Washington swamp
Not only the 401K's, but also on the capital gains when you sell your home.Because Biden is a stupid socialist obsessed with trying to make things more "fair" he is going to screw up 401K accounts.
Liberals fuck up everything they touch.
Biden's plan to overhaul 401(k) tax breaks could force some companies to cut retirement benefits
A frequently overlooked part of Democratic presidential nominee Joe Biden's platform would upend the traditional tax preferences of retirement accounts like 401(k) plans — a change that industry experts warned could force some small companies to cut those benefits.
A frequently overlooked part of Democratic presidential nominee Joe Biden's platform would upend the traditional tax preferences of retirement accounts like 401(k) plans — a change that industry experts warned could force some small companies to cut those benefits.
Biden has vowed to convert the current deductibility of traditional retirement contributions into matching refundable credits for 401(k)s, IRAs and others.
The proposal from the former vice president is intended to level the playing the field of tax deferral in traditional retirement accounts, with the intent of boosting saving among low-income earners. But industry experts cautioned that by reducing the benefits that higher earners receive, the Biden campaign may have increased the likelihood of businesses abandoning those retirement benefits altogether.
Wow, that's some misleading points you've covered. How about responding to the topic of the thread, RW?JUST THINK: For Joe Biden to win, the nation would have to decide to abandon a president who is finally outside the Washington swamp
A President who has provided disastrous leadership in the worst health crisis in 100 years
A President who wants to take away health coverage for tens of millions
A President who has destroyed our global alliances and placated Dictators
A President who was impeached for demanding personal favors in return for military aid
Already haveWow, that's some misleading points you've covered. How about responding to the topic of the thread, RW?JUST THINK: For Joe Biden to win, the nation would have to decide to abandon a president who is finally outside the Washington swamp
A President who has provided disastrous leadership in the worst health crisis in 100 years
A President who wants to take away health coverage for tens of millions
A President who has destroyed our global alliances and placated Dictators
A President who was impeached for demanding personal favors in return for military aid
Not only the 401K's, but also on the capital gains when you sell your home. Yet, Biden stated that taxes wouldn't be raised on the middle class.
Biden is not touching capital gains on the sale of your house. Currently $500,000 for a couple.Not only the 401K's, but also on the capital gains when you sell your home.Because Biden is a stupid socialist obsessed with trying to make things more "fair" he is going to screw up 401K accounts.
Liberals fuck up everything they touch.
Biden's plan to overhaul 401(k) tax breaks could force some companies to cut retirement benefits
A frequently overlooked part of Democratic presidential nominee Joe Biden's platform would upend the traditional tax preferences of retirement accounts like 401(k) plans — a change that industry experts warned could force some small companies to cut those benefits.
A frequently overlooked part of Democratic presidential nominee Joe Biden's platform would upend the traditional tax preferences of retirement accounts like 401(k) plans — a change that industry experts warned could force some small companies to cut those benefits.
Biden has vowed to convert the current deductibility of traditional retirement contributions into matching refundable credits for 401(k)s, IRAs and others.
The proposal from the former vice president is intended to level the playing the field of tax deferral in traditional retirement accounts, with the intent of boosting saving among low-income earners. But industry experts cautioned that by reducing the benefits that higher earners receive, the Biden campaign may have increased the likelihood of businesses abandoning those retirement benefits altogether.
Yet, Biden stated that taxes wouldn't be raised on the middle class.
Because Biden is a stupid socialist obsessed with trying to make things more "fair" he is going to screw up 401K accounts.
Liberals fuck up everything they touch.
Biden's plan to overhaul 401(k) tax breaks could force some companies to cut retirement benefits
A frequently overlooked part of Democratic presidential nominee Joe Biden's platform would upend the traditional tax preferences of retirement accounts like 401(k) plans — a change that industry experts warned could force some small companies to cut those benefits.
A frequently overlooked part of Democratic presidential nominee Joe Biden's platform would upend the traditional tax preferences of retirement accounts like 401(k) plans — a change that industry experts warned could force some small companies to cut those benefits.
Biden has vowed to convert the current deductibility of traditional retirement contributions into matching refundable credits for 401(k)s, IRAs and others.
The proposal from the former vice president is intended to level the playing the field of tax deferral in traditional retirement accounts, with the intent of boosting saving among low-income earners. But industry experts cautioned that by reducing the benefits that higher earners receive, the Biden campaign may have increased the likelihood of businesses abandoning those retirement benefits altogether.
The optimum word is, 'CURRENTLY'.Biden is not touching capital gains on the sale of your house. Currently $500,000 for a couple.Not only the 401K's, but also on the capital gains when you sell your home.Because Biden is a stupid socialist obsessed with trying to make things more "fair" he is going to screw up 401K accounts.
Liberals fuck up everything they touch.
Biden's plan to overhaul 401(k) tax breaks could force some companies to cut retirement benefits
A frequently overlooked part of Democratic presidential nominee Joe Biden's platform would upend the traditional tax preferences of retirement accounts like 401(k) plans — a change that industry experts warned could force some small companies to cut those benefits.
A frequently overlooked part of Democratic presidential nominee Joe Biden's platform would upend the traditional tax preferences of retirement accounts like 401(k) plans — a change that industry experts warned could force some small companies to cut those benefits.
Biden has vowed to convert the current deductibility of traditional retirement contributions into matching refundable credits for 401(k)s, IRAs and others.
The proposal from the former vice president is intended to level the playing the field of tax deferral in traditional retirement accounts, with the intent of boosting saving among low-income earners. But industry experts cautioned that by reducing the benefits that higher earners receive, the Biden campaign may have increased the likelihood of businesses abandoning those retirement benefits altogether.
Yet, Biden stated that taxes wouldn't be raised on the middle class.
Topic no. 701, Sale of your home | Internal Revenue Service
Topic No. 701 Sale of Your Homewww.irs.gov
The optimum word is, 'CURRENTLY'.Biden is not touching capital gains on the sale of your house. Currently $500,000 for a couple.Not only the 401K's, but also on the capital gains when you sell your home.Because Biden is a stupid socialist obsessed with trying to make things more "fair" he is going to screw up 401K accounts.
Liberals fuck up everything they touch.
Biden's plan to overhaul 401(k) tax breaks could force some companies to cut retirement benefits
A frequently overlooked part of Democratic presidential nominee Joe Biden's platform would upend the traditional tax preferences of retirement accounts like 401(k) plans — a change that industry experts warned could force some small companies to cut those benefits.
A frequently overlooked part of Democratic presidential nominee Joe Biden's platform would upend the traditional tax preferences of retirement accounts like 401(k) plans — a change that industry experts warned could force some small companies to cut those benefits.
Biden has vowed to convert the current deductibility of traditional retirement contributions into matching refundable credits for 401(k)s, IRAs and others.
The proposal from the former vice president is intended to level the playing the field of tax deferral in traditional retirement accounts, with the intent of boosting saving among low-income earners. But industry experts cautioned that by reducing the benefits that higher earners receive, the Biden campaign may have increased the likelihood of businesses abandoning those retirement benefits altogether.
Yet, Biden stated that taxes wouldn't be raised on the middle class.
Topic no. 701, Sale of your home | Internal Revenue Service
Topic No. 701 Sale of Your Home
Tax codes can change yearly.
So says Rightwinger, gives me all the confidence in the world.The optimum word is, 'CURRENTLY'.Biden is not touching capital gains on the sale of your house. Currently $500,000 for a couple.Not only the 401K's, but also on the capital gains when you sell your home.Because Biden is a stupid socialist obsessed with trying to make things more "fair" he is going to screw up 401K accounts.
Liberals fuck up everything they touch.
Biden's plan to overhaul 401(k) tax breaks could force some companies to cut retirement benefits
A frequently overlooked part of Democratic presidential nominee Joe Biden's platform would upend the traditional tax preferences of retirement accounts like 401(k) plans — a change that industry experts warned could force some small companies to cut those benefits.
A frequently overlooked part of Democratic presidential nominee Joe Biden's platform would upend the traditional tax preferences of retirement accounts like 401(k) plans — a change that industry experts warned could force some small companies to cut those benefits.
Biden has vowed to convert the current deductibility of traditional retirement contributions into matching refundable credits for 401(k)s, IRAs and others.
The proposal from the former vice president is intended to level the playing the field of tax deferral in traditional retirement accounts, with the intent of boosting saving among low-income earners. But industry experts cautioned that by reducing the benefits that higher earners receive, the Biden campaign may have increased the likelihood of businesses abandoning those retirement benefits altogether.
Yet, Biden stated that taxes wouldn't be raised on the middle class.
Topic no. 701, Sale of your home | Internal Revenue Service
Topic No. 701 Sale of Your Home
Tax codes can change yearly.
No President is dumb enough to take away the home sale exemption.
Other capital gains are up for grabs as is the corporate rate
Because Biden is a stupid socialist obsessed with trying to make things more "fair" he is going to screw up 401K accounts.
Liberals fuck up everything they touch.
Biden's plan to overhaul 401(k) tax breaks could force some companies to cut retirement benefits
A frequently overlooked part of Democratic presidential nominee Joe Biden's platform would upend the traditional tax preferences of retirement accounts like 401(k) plans — a change that industry experts warned could force some small companies to cut those benefits.
A frequently overlooked part of Democratic presidential nominee Joe Biden's platform would upend the traditional tax preferences of retirement accounts like 401(k) plans — a change that industry experts warned could force some small companies to cut those benefits.
Biden has vowed to convert the current deductibility of traditional retirement contributions into matching refundable credits for 401(k)s, IRAs and others.
The proposal from the former vice president is intended to level the playing the field of tax deferral in traditional retirement accounts, with the intent of boosting saving among low-income earners. But industry experts cautioned that by reducing the benefits that higher earners receive, the Biden campaign may have increased the likelihood of businesses abandoning those retirement benefits altogether.
So Biden IS RAISING TAXES on the middle class, but...butBiden is talking about taxing dividend income as ordinary income as well.
All capital gains should be taxed as ordinary income. Money you worked for should not be taxed higher than investment income.
The optimum word is, 'CURRENTLY'.Biden is not touching capital gains on the sale of your house. Currently $500,000 for a couple.Not only the 401K's, but also on the capital gains when you sell your home.Because Biden is a stupid socialist obsessed with trying to make things more "fair" he is going to screw up 401K accounts.
Liberals fuck up everything they touch.
Biden's plan to overhaul 401(k) tax breaks could force some companies to cut retirement benefits
A frequently overlooked part of Democratic presidential nominee Joe Biden's platform would upend the traditional tax preferences of retirement accounts like 401(k) plans — a change that industry experts warned could force some small companies to cut those benefits.
A frequently overlooked part of Democratic presidential nominee Joe Biden's platform would upend the traditional tax preferences of retirement accounts like 401(k) plans — a change that industry experts warned could force some small companies to cut those benefits.
Biden has vowed to convert the current deductibility of traditional retirement contributions into matching refundable credits for 401(k)s, IRAs and others.
The proposal from the former vice president is intended to level the playing the field of tax deferral in traditional retirement accounts, with the intent of boosting saving among low-income earners. But industry experts cautioned that by reducing the benefits that higher earners receive, the Biden campaign may have increased the likelihood of businesses abandoning those retirement benefits altogether.
Yet, Biden stated that taxes wouldn't be raised on the middle class.
Topic no. 701, Sale of your home | Internal Revenue Service
Topic No. 701 Sale of Your Home
Tax codes can change yearly.
No President is dumb enough to take away the home sale exemption.
Other capital gains are up for grabs as is the corporate rate
So says Rightwinger, gives me all the confidence in the world.The optimum word is, 'CURRENTLY'.Biden is not touching capital gains on the sale of your house. Currently $500,000 for a couple.Not only the 401K's, but also on the capital gains when you sell your home.Because Biden is a stupid socialist obsessed with trying to make things more "fair" he is going to screw up 401K accounts.
Liberals fuck up everything they touch.
Biden's plan to overhaul 401(k) tax breaks could force some companies to cut retirement benefits
A frequently overlooked part of Democratic presidential nominee Joe Biden's platform would upend the traditional tax preferences of retirement accounts like 401(k) plans — a change that industry experts warned could force some small companies to cut those benefits.
A frequently overlooked part of Democratic presidential nominee Joe Biden's platform would upend the traditional tax preferences of retirement accounts like 401(k) plans — a change that industry experts warned could force some small companies to cut those benefits.
Biden has vowed to convert the current deductibility of traditional retirement contributions into matching refundable credits for 401(k)s, IRAs and others.
The proposal from the former vice president is intended to level the playing the field of tax deferral in traditional retirement accounts, with the intent of boosting saving among low-income earners. But industry experts cautioned that by reducing the benefits that higher earners receive, the Biden campaign may have increased the likelihood of businesses abandoning those retirement benefits altogether.
Yet, Biden stated that taxes wouldn't be raised on the middle class.
Topic no. 701, Sale of your home | Internal Revenue Service
Topic No. 701 Sale of Your Home
Tax codes can change yearly.
No President is dumb enough to take away the home sale exemption.
Other capital gains are up for grabs as is the corporate rate
Biden says he's not going to raise taxes on the middle class.....just get rid of the Trump tax cuts.
Not sure how this gets reconciled.
401K's are for the working stiffs in America and a vast majority of those who participate are the middle class.Because Biden is a stupid socialist obsessed with trying to make things more "fair" he is going to screw up 401K accounts.
Liberals fuck up everything they touch.
Biden's plan to overhaul 401(k) tax breaks could force some companies to cut retirement benefits
A frequently overlooked part of Democratic presidential nominee Joe Biden's platform would upend the traditional tax preferences of retirement accounts like 401(k) plans — a change that industry experts warned could force some small companies to cut those benefits.
A frequently overlooked part of Democratic presidential nominee Joe Biden's platform would upend the traditional tax preferences of retirement accounts like 401(k) plans — a change that industry experts warned could force some small companies to cut those benefits.
Biden has vowed to convert the current deductibility of traditional retirement contributions into matching refundable credits for 401(k)s, IRAs and others.
The proposal from the former vice president is intended to level the playing the field of tax deferral in traditional retirement accounts, with the intent of boosting saving among low-income earners. But industry experts cautioned that by reducing the benefits that higher earners receive, the Biden campaign may have increased the likelihood of businesses abandoning those retirement benefits altogether.
Fewer than 40% of American companies offer 401K's. So once again, you are concerned with the top 40% of the wealthiest and highest earning Americans being favoured over the 60% of working Americans who don't even have access to a 401K.
ALL of your tax policies favour the top 20% of Americans to the detriment of the 80%. It is long past time to restore balance to the playing field. The rich don't need to have their wealth and privilege protected. Low income full time workers shouldn't need public assistance to feed their families.
