Oh but don't worry, the President has a grand idea for "raising revenue"
The senior administration official said that wealthy taxpayers can currently “accumulate many millions of dollars in these accounts, substantially more than is needed to fund reasonable levels of retirement saving.”
Under the plan, a taxpayer’s tax-preferred retirement account, like an IRA, could not finance more than $205,000 per year of retirement – or right around $3 million this year.
Isn't that nice? The White House gets to tell you what is "reasonable" for your retirement. And if you have more than what they deem "reasonable" well, you just fork it over to Uncle Sam.
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Oh but don't worry, the President has a grand idea for "raising revenue"
The senior administration official said that wealthy taxpayers can currently “accumulate many millions of dollars in these accounts, substantially more than is needed to fund reasonable levels of retirement saving.”
Under the plan, a taxpayer’s tax-preferred retirement account, like an IRA, could not finance more than $205,000 per year of retirement – or right around $3 million this year.
Isn't that nice? The White House gets to tell you what is "reasonable" for your retirement. And if you have more than what they deem "reasonable" well, you just fork it over to Uncle Sam.
Oh, and the poverty rate under Obama is now higher than when the "War on Poverty" started in 1967.
Enrollment in the food stamp program — officially the Supplemental Nutrition Assistance Program — has soared by 70 percent in the years since President Obama first took office
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Oh, and the poverty rate under Obama is now higher than when the "War on Poverty" started in 1967.
Enrollment in the food stamp program — officially the Supplemental Nutrition Assistance Program — has soared by 70 percent in the years since President Obama first took office
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