Some readers, who are old enough to remember defined pension plans weren't just for unionized workers, may still think they are better off with IRAs and 401Ks, originally sold as tax-free until you retire. Advice from employers promised the new plan was better than a pension. You could put away as much as the equivalent … Continue reading Tax Time: that 401K / IRA may end up costing you more than just investing for Capital Gains
Stagnant wages. Windfalls for the politically connected. A new tax plan primarily for the rich. Just 13 years have passed since the 2004 tax repatriation holiday, which created nearly no new jobs for American workers, but was instead used almost entirely by multinationals for stock dividends and buybacks. Many corporate execs and shareholders became instantly … Continue reading Lies about “repatriation” from the media and elites. Most of the targeted cash is already in U.S. banks.