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Tag Archive for ‘progressive’

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

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 accounts. These greedy “geniuses” are betting that most consumers don’t know the rules for withdrawing […]

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

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 of money next year and the retirement fund would last, well, a lot longer than […]

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