Most Americans can't afford to save for retirement and making it tax free provides incentive to save.
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Dropping the threshold for as low as $2400 would mean any amount saved over that per year is taxed now. That's a tax hit on middle class
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If individual puts $5000 into 401k in that scenario, $2600 would be taxed at persons tax rate. That's a $650 tax hit at 25% rate.
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So limiting contributions to IRA accounts is just a GOP scheme to help get income sooner to help fund their tax break for wealthy? GOP scam!
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Sorry I'm not okay with taxing my retirement income so people like Trump's kids can enjoy millions of dollars at their disposal.
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My middle class is -AGAIN- paying.
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Yes, limiting your ability to put money into retirement and lower your tax bill just to get rid of estate taxes for 5,500 rich kids.
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Three out of four Americans worry they will not have enough money to get through their retirements
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Yes-GOP wants to keep us "barefoot & pregnant"...literally & figuratively.Welcome to the Dark Ages Redux..Serfs & Lords
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...then GOP will start screaming about cutting SS,MCaid & Care cuz as the major contributors to the deficit.Use your POWER-VOTE THEM OUT!!!
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Potus lies!
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NO....... DNC/CROOKED HILLARY & Fake News lie......
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Because he's super honest
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I agree, Republicans use loop holes for the rich and Dems use welfare, both enslave the masses. Best option is limited, small government.
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