Tag: progressive

A hike in Capital Gains tax rate won’t affect IRA or 401K savings withdrawal tax rates or your total $ in savings

~ Fred Donaldson ~ 1 Comment

While many progressives are seeking to hike an historically very low Capital Gains Tax rate of 15% to 23.8% (compared to regular personal income tax rates), some of the elite, who will pay more under such a change, are leaving public bread crumbs that an increase will hurt average income seniors and reduce their retirement … Continue reading A hike in Capital Gains tax rate won’t affect IRA or 401K savings withdrawal tax rates or your total $ in savings

GOP thrust to stop transfers between Social Security funds may open a path for new progressive benefits’ improvement

~ Fred Donaldson ~ 1 Comment

We learned today that there is too much money in the Social Security retirement fund and not enough money in the Social Security disability fund, so the Republican-dominated Congress seems determined to prevent transfers from the "rich" fund to the "poor" fund, allowing both to last until 2033. Otherwise, the disability fund would run out … Continue reading GOP thrust to stop transfers between Social Security funds may open a path for new progressive benefits’ improvement