Home Mail MemberMap Chat (0) Wallpapers
Go Back   ChiefsPlanet > The Lounge > D.C.

Reply
 
Thread Tools Display Modes
Old 04-12-2013, 05:31 PM  
Taco John Taco John is offline
12on Paul
 
Taco John's Avatar
 
Join Date: Jun 2001
Casino cash: $8869
Obama budget caps individual retirement accounts at $3 million

Obama seeks to cap retirement accounts so that no individual saves “more than is needed”

Obama’s budget plan, to be unveiled April 10, would prohibit taxpayers from accumulating more than $3 million in an individual retirement account. That proposal would generate $9 billion in revenue for the Treasury over the next decade, according to a White House statement released today.

“Under current rules, some wealthy individuals are able to accumulate many millions of dollars in these accounts, substantially more than is needed to fund reasonable levels of retirement saving,” the statement said.

http://www.businessweek.com/news/201...ney-sized-iras
Posts: 51,121
Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.
  Reply With Quote
Old 04-13-2013, 09:51 AM   #31
Otter Otter is offline
holding a blood clot at birth
 
Otter's Avatar
 

Join Date: Sep 2000
Location: Durango, CO
Casino cash: $8350
Quote:
Originally Posted by BigRedChief View Post
The government has the right to decide tax breaks or deferrments.

I'm sure you can save however much you want. But, the government will only allow you $3 million in tax deferred $ until you are ready to pull the money out.

Don't see the outrage here. A $3 million tax deferred nest egg is damn generous. I thought we were broke?
__________________
The democracy will cease to exist when you take away from those who are willing to work and give to those who would not” - Thomas Jefferson, 1801.
Posts: 13,258
Otter has enough rep power to blowy ou to bits.Otter has enough rep power to blowy ou to bits.Otter has enough rep power to blowy ou to bits.Otter has enough rep power to blowy ou to bits.Otter has enough rep power to blowy ou to bits.Otter has enough rep power to blowy ou to bits.Otter has enough rep power to blowy ou to bits.Otter has enough rep power to blowy ou to bits.Otter has enough rep power to blowy ou to bits.Otter has enough rep power to blowy ou to bits.Otter has enough rep power to blowy ou to bits.
  Reply With Quote
Old 04-13-2013, 10:22 AM   #32
Comrade Crapski Comrade Crapski is offline
Banned
 

Join Date: Mar 2012
Location: Sea of Green 23.4°
Casino cash: $5000
Confiscation.

Won't be long, now.
Posts: 3,833
Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.
  Reply With Quote
Old 04-13-2013, 10:39 AM   #33
Ace Gunner Ace Gunner is offline
First Overall
 
Ace Gunner's Avatar
 

Join Date: Jan 2011
Location: kcmo
Casino cash: $5152
fascist slight of hand -- first establish the principle in benign manner, then give it teeth later.
__________________
The Greatest
Posts: 10,389
Ace Gunner is too fat/Omaha.Ace Gunner is too fat/Omaha.Ace Gunner is too fat/Omaha.Ace Gunner is too fat/Omaha.Ace Gunner is too fat/Omaha.Ace Gunner is too fat/Omaha.Ace Gunner is too fat/Omaha.Ace Gunner is too fat/Omaha.Ace Gunner is too fat/Omaha.Ace Gunner is too fat/Omaha.Ace Gunner is too fat/Omaha.
  Reply With Quote
Old 04-13-2013, 11:16 AM   #34
FD FD is offline
Veteran
 
FD's Avatar
 

Join Date: Dec 2006
Location: Los Angeles
Casino cash: $7688
And another thing, keep the governments hands off my Medicare!
__________________
Homer: [looking at watch] Two hours? Why'd they build this ghost town so far away?
Lisa: Because they discovered gold over there!
Homer: It's because they're stupid, that's why. That's why everybody does everything.
Posts: 3,582
FD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby Piscitelli
  Reply With Quote
Old 04-13-2013, 11:46 AM   #35
Loneiguana Loneiguana is offline
Veteran
 
Loneiguana's Avatar
 

Join Date: Nov 2012
Location: Springfield
Casino cash: $8810
Quote:
Originally Posted by FD View Post
And another thing, keep the governments hands off my Medicare!
It's funnier in sign form:

Posts: 4,176
Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.
  Reply With Quote
Old 04-13-2013, 11:51 AM   #36
BucEyedPea BucEyedPea is offline
Bless FSU!
 
BucEyedPea's Avatar
 

Join Date: Apr 2006
Location: None of your business
Casino cash: $18393
Quote:
Originally Posted by FD View Post
And another thing, keep the governments hands off my Medicare!
Especially, after they've paid into it for so many years. Talk about more theft!
__________________
“The power to declare war, including the power of judging the causes of war, is fully and exclusively vested in the legislature.” ~ James Madison, Father of the Constitution

“We do not believe in aggressive or preventive war. Such war is the weapon of dictators, not of free democratic countries like the United States.”~ Truman, Sept 1, 1950
Posts: 59,070
BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.
  Reply With Quote
Old 04-13-2013, 11:52 AM   #37
BucEyedPea BucEyedPea is offline
Bless FSU!
 
BucEyedPea's Avatar
 

Join Date: Apr 2006
Location: None of your business
Casino cash: $18393
Quote:
Originally Posted by Comrade Crapski View Post
We can wallpaper the house!
__________________
“The power to declare war, including the power of judging the causes of war, is fully and exclusively vested in the legislature.” ~ James Madison, Father of the Constitution

“We do not believe in aggressive or preventive war. Such war is the weapon of dictators, not of free democratic countries like the United States.”~ Truman, Sept 1, 1950
Posts: 59,070
BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.
  Reply With Quote
Old 04-13-2013, 12:02 PM   #38
Rain Man Rain Man is offline
No known superpowers
 
Rain Man's Avatar
 

Join Date: Jul 2001
Location: In A World Few See
Casino cash: $8769
VARSITY
Aren't there limits on what you can defer anyway? Can you get more than $3 million deferred if you have average annual returns? It seems like this is a bigger issue for people who are really good at picking stocks.
__________________
Welcome to NFL Sunday! At 11:00 see Peyton Manning flip off the top rope and clothesline Clay Matthews! At 2:00 Drew Brees will hit Terrell Suggs with a chair! Buy your Andrew Luck jersey and let's get reeeeeady to rummmmmble!
Posts: 77,576
Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.
  Reply With Quote
Old 04-14-2013, 12:55 AM   #39
BigRedChief BigRedChief is online now
Brainwashed
 
BigRedChief's Avatar
 

Join Date: Dec 2003
Location: Swims with fishes
Casino cash: $16833
VARSITY
Quote:
Originally Posted by BucEyedPea View Post
You don't understand incrementalism.
According to some posts on here, it means Obama is Hitler.
__________________
The true sign of intelligence is not knowledge but imagination.

Albert Einstein
Posts: 44,644
BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.
  Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump




All times are GMT -6. The time now is 03:01 PM.


This is a test for a client's site.
A new website that shows member-created construction site listings that need fill or have excess fill. Dirt Monkey @ https://DirtMonkey.net
Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.