Comments on: Obama Proposes Special One-Time 10% Tax On Retirement Accounts

By: Four Pillars

Four Pillars — Tue, 07 Apr 2009 02:29:58 +0000

Haha – good one. (I just read this now)

By: C-CPA

C-CPA — Wed, 01 Apr 2009 16:51:29 +0000

This has to be a white house ‘April Fool’s’ joke. Right? …

Double taxation for those of us who actually save our money? Where is the incentive to provide for yourself if the government is going to swoop-in and take it to give to those who made poor choices.

There are plenty of other ways to reduce the national deficit besides discouraging retirement savings.

Now I’m waiting for the announcement that Roth contributions will be taxed upon withdrawal too.

By: David

David — Wed, 01 Apr 2009 16:21:05 +0000

I think this is a great step in reducing the national defecit. We should all view this as a sacrifice Americans make for the good of the country.

Besides, it could be worse. You could have invested with Madoff and lost 100% of your retirement savings.

By: Curt

Curt — Wed, 01 Apr 2009 15:46:36 +0000

It is amazing that Obama is even suggesting such a thing and even more amazing that the media and the public are not throwing him to the wolves.

Obama is taking advantage of this period of superstar to push through these radical ideas of socialism before everyone catches on.

He is going to bankrupt the nation and possibly the world. Obama has become more dangerous then global terrorism. Who can stop this guy? His policies may lead to WWIII.