Submitted by BelichicksBurner t3_127lg1m in newhampshire
warren_stupidity t1_jeewf4h wrote
Reply to comment by FaustusC in A good article re: repealing interests and dividends tax by BelichicksBurner
Iras and 401ks are exempt.
DeerFlyHater t1_jefl5ai wrote
Not everyone has access to 401Ks.
warren_stupidity t1_jefyh1h wrote
>Punishing people for investing in their retirement
I was responding to that comment. Everyone can put money in a tax deferred savings account, IRA, 401K SEP etc. They are all exempt.
WhoWhatWhereWhenHowY t1_jefaysf wrote
For many people those still aren't enough to retire on without something like social security. Nevermind if someone becomes disabled before they reach retirement age.
warren_stupidity t1_jefzt9k wrote
Yeah? So each individual gets a 2,400 exemption, so for people such as you are so concerned about, they will not have 2400 in interest or dividends to tax, so I am not understanding your concern.
WhoWhatWhereWhenHowY t1_jeggbhd wrote
I clearly missed that paragraph. Thank you for pointing it out.
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