User Panel
User Panel
User Panel
|
Posted: 1/20/2015 8:53:14 AM EDT
[#1]
genius! tax everything, multiple times.
|
|
|
|
Posted: 1/20/2015 8:54:43 AM EDT
[#2]
They were never the best of idea anyway for the middle class, but with the astronomical cost of education, double taxing the 529 is just ridiculous.
|
|
|
|
Posted: 1/20/2015 9:02:16 AM EDT
[#3]
Commies gonna Commie. Every time.
|
|
|
|
Posted: 1/20/2015 9:08:52 AM EDT
[#4]
If you like your tax, you can keep your tax.
|
|
|
|
Posted: 1/20/2015 9:13:16 AM EDT
[#5]
Don't need 529's no more, college is FREE y'all!
|
|
|
|
Posted: 1/20/2015 9:15:54 AM EDT
[#6]
HE, can't tax anything. Its just a talking point to get Hillary elected.
|
|
|
|
Posted: 1/20/2015 9:16:09 AM EDT
[#7]
Ok, no one else has said it, so I will say it.
FBHO |
|
|
|
Posted: 1/20/2015 9:17:20 AM EDT
[#8]
Fuck that BS! and fuck obama
|
|
|
|
Posted: 1/20/2015 9:20:19 AM EDT
[#9]
They'll never curtail government spending, so they have to tax everything. Even the things they said they wouldn't.
|
|
|
|
Posted: 1/20/2015 9:20:40 AM EDT
[#10]
Have to pay for the "free" junior college somehow.
|
|
|
|
Posted: 1/20/2015 9:20:46 AM EDT
[#11]
That really sucks.
|
|
|
|
Posted: 1/20/2015 9:21:26 AM EDT
[#12]
Well, how else was going to give away 2 years of free community college.
|
|
|
|
Posted: 1/20/2015 9:23:16 AM EDT
[#13]
So fuck that piece of shit. What is the best option right now then fo saving for a child's education?
|
|
|
|
Posted: 1/20/2015 9:23:56 AM EDT
[#14]
|
|
|
|
Posted: 1/20/2015 9:24:48 AM EDT
[#15]
Boehner will never stand for it.
|
|
|
|
Posted: 1/20/2015 9:25:25 AM EDT
[#16]
lol....how shocking.
|
|
|
|
Posted: 1/20/2015 9:25:39 AM EDT
[#17]
|
|
|
|
Posted: 1/20/2015 9:26:57 AM EDT
[#18]
Ah, I see you saved for 18 years for your sons tuition, lol give me half dat rayqwongela needs to get her overpriced medical billing and coding certificate.
|
|
|
|
Posted: 1/20/2015 9:29:44 AM EDT
[#19]
But dont worry, your 401k is safe.
|
|
|
|
Posted: 1/20/2015 9:30:58 AM EDT
[#20]
Quote HistoryQuoted:
So fuck that piece of shit. What is the best option right now then fo saving for a child's education? Sense they aren't actually going to tax 529's probably still that probably. However, if you wanted a tax advantage vehicle, you could open a brokerage account c/o "kids name" and buy some good municipal bonds and MLP's. |
|
|
|
Posted: 1/20/2015 9:33:15 AM EDT
[#21]
Suprised...nope
|
|
|
|
Posted: 1/20/2015 9:34:02 AM EDT
[#22]
Quote HistoryQuoted:
Well, how else was going to give away 2 years of free community college. Change your name to Gonzalez. |
|
|
|
Posted: 1/20/2015 9:34:18 AM EDT
[#23]
Quote HistoryQuoted:
But dont worry, your 401k is safe. Please explain to me the mechanism in which seizing 401k's makes any sense in terms of funding the .gov? How do they turn that into $? I ask #becausefinance. |
|
|
|
Posted: 1/20/2015 9:34:36 AM EDT
[#24]
Quote HistoryQuoted: Sense they aren't actually going to tax 529's probably still that probably. However, if you wanted a tax advantage vehicle, you could open a brokerage account c/o "kids name" and buy some good municipal bonds and MLP's. Quote HistoryQuoted: Quoted: So fuck that piece of shit. What is the best option right now then fo saving for a child's education? Sense they aren't actually going to tax 529's probably still that probably. However, if you wanted a tax advantage vehicle, you could open a brokerage account c/o "kids name" and buy some good municipal bonds and MLP's. Now who can argue with that?
|
|
|
|
Posted: 1/20/2015 9:35:29 AM EDT
[#25]
It's okay, the government's going to give everyone a free [community] college education.
No need to save money or be responsible, just make sure your kids can keep a C+ average while they switch majors 5 times and spend 8 years drunk while working on their associate's degree in underwater basket weaving. |
|
|
|
Posted: 1/20/2015 9:36:25 AM EDT
[#26]
Quote HistoryQuoted:
Ok, no one else has said it, so I will say it. FBHO |
|
|
|
Posted: 1/20/2015 9:37:53 AM EDT
[#27]
Basically, he's saying that it's not fair that some people's parents were responsible enough to start saving for college so their children don't have to incur debt.
|
|
|
|
Posted: 1/20/2015 9:38:15 AM EDT
[#28]
Quoted:
Sending your kid to school someday and using a 529 plan? As of now your taxable income goes into the account at today's rates and has been guaranteed tax free upon withdrawal for tuition for your kids. The current proposal suggest this income will now be taxed a second time upon withdrawal. This hits the middle class squarely. http://www.forbes.com/sites/ryanellis/2015/01/19/obamas-new-state-of-the-union-tax-hike-on-middle-class-529-college-savers/ No, you misread. The original money will be taxed only once. The increase in value over that amount will be taxed upon withdrawl, for any reason. It used to be that this went untaxed if it was withdrawn to pay for college, but taxd if withdrawn to be used for any other reason. Now this acount wil function the same as any other mutual fund type account . . . . which makes me wonder why you would choose it? |
|
|
|
Posted: 1/20/2015 9:39:23 AM EDT
[#29]
The problem with Socialism is that sooner or later, you run out of other people's money.
|
|
|
|
Posted: 1/20/2015 9:41:09 AM EDT
[#30]
They're probably going to push for nationalizing college education.
Mark my words, 'progressives' will get to doing that soon. |
|
|
|
Posted: 1/20/2015 9:43:10 AM EDT
[#31]
Great... so much for those 529s I ALREADY FULLY-FUNDED for my kids.
Yeah. It's not fair that my wife and I saved and banked money to do that. |
|
|
|
Posted: 1/20/2015 9:45:20 AM EDT
[#32]
Makes that ROTH IRA look a little less safe.
|
|
|
|
Posted: 1/20/2015 9:50:40 AM EDT
[#33]
Quote HistoryQuoted:
Great... so much for those 529s I ALREADY FULLY-FUNDED for my kids.
Yeah. It's not fair that my wife and I saved and banked money to do that. You didn save that! you didn't do it without the gobernment. pay your fair share! |
|
|
|
Posted: 1/20/2015 9:51:11 AM EDT
[#34]
|
|
|
|
Posted: 1/20/2015 9:51:42 AM EDT
[#35]
Quote HistoryQuoted:
HE, can't tax anything. Its just a talking point to get Hillary elected. Evidently, HE can do any thing that pleases him. There sure ain't no one going to do anything to stop it....... |
|
|
|
Posted: 1/20/2015 9:53:35 AM EDT
[#36]
but guys, we get myRA now! its all good!
|
|
|
|
Posted: 1/20/2015 9:53:52 AM EDT
[#37]
Quote HistoryQuoted:
Evidently, HE can do any thing that pleases him. There sure ain't no one going to do anything to stop it....... Quote HistoryQuoted:
Quoted:
HE, can't tax anything. Its just a talking point to get Hillary elected. Evidently, HE can do any thing that pleases him. There sure ain't no one going to do anything to stop it....... Because stopping him is racist. |
|
|
|
Posted: 1/20/2015 9:58:12 AM EDT
[#38]
529s are racist
|
|
|
|
Posted: 1/20/2015 10:00:29 AM EDT
[#39]
After the tax law change (which was made permanent in 2006), amounts withdrawn to pay for college were totally tax free. 529 plans thus became a kind of Roth IRA for college savings–you didn’t get any up front tax break (except maybe on your state income tax), but you could rest assured that your college nest egg’s growth would face no taxation when it came time to make tuition payments.
The Obama plan aims to turn back the clock, once again taxing earnings growth in 529 plans as ordinary income. This is a direct and clear tax increase on middle class families sacrificing to save for college, and it’s likely to result in a mass divestment from this type of savings. |
|
|
|
Posted: 1/20/2015 10:03:50 AM EDT
[#40]
If you like your president, you can keep your president.
|
|
|
|
Posted: 1/20/2015 10:04:47 AM EDT
[#41]
I mean if college is about to be free why do you need that college savings account? Do you have bourgeoisie pipe-dreams of your children going to a private college and joining the proletariat opressors? You need to check those thoughts and get with the the collectivist program, comrade, before I report you to the Stasi.
|
|
|
|
Posted: 1/20/2015 10:05:06 AM EDT
[#42]
Fuck College, anyhow. It's just druken debauchery and indoctrination.
|
|
|
|
Posted: 1/20/2015 10:06:09 AM EDT
[#43]
Quote HistoryQuoted:
Fuck College, anyhow. It's just druken debauchery and indoctrination. Just? JUST?? And what's wrong with that? 
|
|
|
|
Posted: 1/20/2015 10:06:54 AM EDT
[#44]
Quote HistoryQuoted:
Basically, he's saying that it's not fair that some people's parents were responsible enough to start saving for college so their children don't have to incur debt. This. Let's punish the responsible. But hey, as I've been told many times here in GD there's absolutely no difference between R and D. Posted Via AR15.Com Mobile |
|
|
|
Posted: 1/20/2015 10:07:10 AM EDT
[#45]
If you think your Roth IRA is safe, think again. Just a matter of time before the means test applies...and you got all that money without paying your fair share.
|
|
|
|
Posted: 1/20/2015 10:07:40 AM EDT
[#46]
Quoted:
Sending your kid to school someday and using a 529 plan? As of now your taxable income goes into the account at today's rates and has been guaranteed tax free upon withdrawal for tuition for your kids. The current proposal suggest this income will now be taxed a second time upon withdrawal. This hits the middle class squarely. http://www.forbes.com/sites/ryanellis/2015/01/19/obamas-new-state-of-the-union-tax-hike-on-middle-class-529-college-savers/ I left a copy of the article on my Obama voting co-workers desk chair. He has a 529 for his kid already set up. He is already realizing the four vote(s) in his household were a mistake. This should push him over the edge. |
|
|
|
Posted: 1/20/2015 10:09:13 AM EDT
[#47]
Tell you what...just give me all your saved money and we will make college free! deal?
|
|
|
|
Posted: 1/20/2015 10:09:30 AM EDT
[#48]
Only suckers save money!! 
|
|
|
|
Posted: 1/20/2015 10:09:30 AM EDT
[#49]
Quote HistoryQuoted:
Boehner will never stand for it. He is just as much a commie as Obama. |
|
|
|
Posted: 1/20/2015 10:10:51 AM EDT
[#50]
Quote HistoryQuoted:
If you think your Roth IRA is safe, think again. Just a matter of time before the means test applies...and you got all that money without paying your fair share. we will see mass confiscation of 401Ks in our lifetime. |
|
|
Win a FREE Membership!
Sign up for the ARFCOM weekly newsletter and be entered to win a free ARFCOM membership. One new winner* is announced every week!
You will receive an email every Friday morning featuring the latest chatter from the hottest topics, breaking news surrounding legislation, as well as exclusive deals only available to ARFCOM email subscribers.
AR15.COM is the world's largest firearm community and is a gathering place for firearm enthusiasts of all types.
From hunters and military members, to competition shooters and general firearm enthusiasts, we welcome anyone who values and respects the way of the firearm.
Subscribe to our monthly Newsletter to receive firearm news, product discounts from your favorite Industry Partners, and more.
Copyright © 1996-2024 AR15.COM LLC. All Rights Reserved.
Any use of this content without express written consent is prohibited.
AR15.Com reserves the right to overwrite or replace any affiliate, commercial, or monetizable links, posted by users, with our own.
