Pelosi is at it again. She wants to tax 401K's & other retirement incomes to help illegals. What do you think? Related Questions

Pelosi is at it again. She wants to tax 401K's & other retirement incomes to help illegals. What do you think?
Asked By Phonebreaker,Last Answer By Heidi 4 At 2010.02,1 Answers

When asked how these new tax dollars would be spent, she replied:
"We need to work toward the goal of equalizing income in our country and at the same time limiting the amount the rich can invest. For example, we have an estimated 12 million illegal immigrants in our country who need our help along with millions of unemployed minorities. These new taxes could go a long ways to guarantee these people the standard of living they would like to have as 'Americans'."
What are your thoughts on her proposal?

What happens to 401k and other retirement accounts when the "owner" passes away?
Asked By Nadeem M,Last Answer By digdowndeepnseattle At 2009.12,1 Answers

When someone dies, leaving an estate to their beneficiary, it could include stocks, bonds, investment accounts, retirements, real property, etc.

I believe everything under $2 million passes to the heirs without any tax obligation. (Is this correct?)

My question is about the tax-deferred retirement accounts (non-ROTH) that collect ordinary income tax when you draw the funds. Would this tax be required from the heirs?

Thanks.

Is the only viable solution to protecting your IRA 401k retirement assets global gold group?
Asked By Richard W,Last Answer By June L At 2009.12,1 Answers

Gllobal Gold Group www.aglobalcurrency.com asks what’s the only viable solution to protecting your IRA, self directed 401k, or other retirement asset The answer is GOLD. Global Gold Group says that when your retirement is backed by Gold which has been continuously increasing in value as opposed to paper assets that are depreciating with U.S. Dollar, you protect your hard earned retirement funds or IRA self directed 401K to a Gold backed IRA. You will have no doubt that your Gold backed IRA will not only be fully in tact when you are ready?

Illegals beg & plead to be deported but ice ignore them are illegals being converted to become radical muslims
Asked By Johnny,Last Answer By Steve At 2011.04,1 Answers

Reporting from Atlanta— Seven college-age Latinos gathered in downtown Atlanta and passed around a microphone, announcing to the world that they were coming out of the shadows as illegal immigrants.

Then, in an act of civil disobedience, they sat down in the middle of a busy street and announced it again to a large and chanting crowd. When they were hauled off to jail, they even declared their status to a pair Immigration and Customs Enforcement officers — who proceeded to do nothing.

Wednesday, after a night in jail, the seven were free again, clutching misdemeanor tickets issued by the city for blocking traffic.

So what, one might ask, does it take for an illegal immigrant to get deported in the United States of 2011?

That turns out to be a good question, particularly for immigrants who, like the Georgia youths, call themselves “the Dreamers” — that is, immigrants who might have achieved legal status through the federal Dream Act.

The Dreamers are frustrated as well. Mohammad Abdollahi, 25, a co-founder of thedreamiscoming.com and one of the organizers of the Atlanta protest, said he believed that many young people were still subject to detention and deportation.

“Just because they stayed away from [the Atlanta] case because it was a more public case doesn’t show that they’re staying away from undocumented youth,” said Abdollahi, who was brought to the U.S. illegally at age 3 from Iran. “The whole notion of not deporting Dreamers is just a lie on the Obama administration’s part.”

Even so, Abdollahi said his group was urging immigrant youth to publicly declare their illegal status, in part because it appeared that the Obama administration was handling the more public cases with kid gloves.

“The more out there you are, the more public you are, the safer you really are,” he said.

Some of the young Latinos who spoke out in Atlanta said they were aware that the strategy may be risky. A less sympathetic person could win the presidency in 2012.

Still, they said they had to implore other illegal youths to come out; they could not build a political movement with a population in hiding.

Their own public declarations Tuesday were directed at Georgia education officials’ decision to bar illegal immigrants from being admitted to the state’s five most selective public colleges beginning in the fall.

The coming-out also served as a catharsis. “I am undocumented and I am unafraid!” said Viridiana Martinez, 24, of North Carolina, who came to the United States from Mexico at age 7. “We’re people. We want to go to school, and we want to be doctors and lawyers and nurses.”

To similarly situated youth, she said, “Come out — the courage is in you!”

The group’s Atlanta protest was the first in which participants were arrested since the bill’s defeat in December. Abdollahi said it would not be the last.

http://www.latimes.com/news/nationworld/nation/la-na-illegal-immigrants-20110410,0,7571188.story

Now that illegals are being converted into muslims ? how soon before they start doing the work against their emeny, America, allah willing and bin laden ?

If you become a dead file, to the retirement age can apply for retirement procedures
Asked By Benjamin Lane,Last Answer By Aaron Barton At 2011.05,1 Answers

I file the labor market each year to pay 240 yuan file storage fee. If I do not pay, is not to become a dead file, if you become a dead file, to retire, they can not apply for retirement procedures. Now still pay old-age insurance. Old-age insurance is to pay each time to open a list of the labor market, holding a list to make.

Township enterprises retirement pension after retirement of workers
Asked By Betty White,Last Answer By jessie lake At 2011.05,1 Answers

Retired retired workers of township enterprises, the factory still has rent. The factory not to grant a pension of retired workers, the workers how to proceed. What solutions. Also, township and village enterprises can bankruptcy? After the bankruptcy of social insurance the workers can handle it?

How much could we cut the deficit by if we taxed all incomes over $100k by 100%?
Asked By Open eyes to Joker’s Lies,Last Answer By Haywood Brookins At 2011.04,1 Answers

Are we being conned with class warfare rhetoric?

Now the ordinary business of raising incomes of rural households do?
Asked By Adah George,Last Answer By rose zhou At 2011.05,1 Answers

My house is chicken, but now the price of eggs is too low. Less feed and other inputs, I calculated that pay 16 dollars a day after, which makes the already well-off families even worse, and it there are two a high school student is in school. Now the family is very difficult economic conditions. Please help me my friends I'm out of ideas here, thank you all!! 100 offer!!

How much should I contribute to my 401K?
Asked By germallon,Last Answer By doreen k At 2009.12,1 Answers

I just became eligible for the 401K plan in my company. Here are some of my facts.

- 25 years old, single
- No debts of any kind
- 25% Tax rate
- Employer contributes 3% of my salary to my 401K, regardless of my contributions to the plan. In other words, the amount they contribute does NOT change whether I contribute $0, or the max allowed by the IRS.

I also have a Roth IRA, and I try to contribute the maximum allowed amount every year.
Given that I'm currently saving for a down payment on my first home, I'll probably contribute very little, or none at all to my 401K during this first year. But looking forward, does it still make sense to set money aside in this 401K plan?

I know some of the tax advantages of leaving it in a 401K, but it still makes no sense to me since the money will still be taxed years from now when I retire.

Wouldn't it be better to pay those taxes now, get my money and invest it somewhere else?? What am I missing here?

Thanks in advance. Any help would be appreciated.

How can I properly diversify my 401k?
Asked By lei,Last Answer By Dave W At 2011.03,1 Answers

I have a 401K through my employer. It is 100% vested.I'm 21, and a recent college graduate, so I'm told I have a lot of room to make mistakes, but I would like to avoid as many money mistakes as possible. I only have approximately $300 contributed to my 401k so far, because I don't understand how to diversify my portfolio. I have a number of options to choose from, but I don't know how to tell if they are "good" or not. They are: JP Morgan Stable Value, PIMCO Total Return, Vanguard Balanced Index, H&W Large Cap Value, Marsico Growth, BGI S&P 500 Equity Index, Artisan Samll Cap Value, MS Small Company Growth B and MFS International Equity. I need to invest in percentages equalling 100%, but I'm not quite sure how to choose to my financial advantage. How can I properly diversify my portfolio? Answers are greatly appreciated! Thanks in advance!

How can I properly diversify my 401k?
Asked By lei,Last Answer By Dave W At 2009.12,1 Answers

I have a 401K through my employer. It is 100% vested.I'm 21, and a recent college graduate, so I'm told I have a lot of room to make mistakes, but I would like to avoid as many money mistakes as possible. I only have approximately $300 contributed to my 401k so far, because I don't understand how to diversify my portfolio. I have a number of options to choose from, but I don't know how to tell if they are "good" or not. They are: JP Morgan Stable Value, PIMCO Total Return, Vanguard Balanced Index, H&W Large Cap Value, Marsico Growth, BGI S&P 500 Equity Index, Artisan Samll Cap Value, MS Small Company Growth B and MFS International Equity. I need to invest in percentages equalling 100%, but I'm not quite sure how to choose to my financial advantage. How can I properly diversify my portfolio? Answers are greatly appreciated! Thanks in advance!

is investing in a 401k good?
Asked By ii_401k,Last Answer By ii_401k At 2011.06,0 Answers

is investing in a 401k good idea?

My job is to take two days off for four days, I want to do part-time jobs, increase incomes who can offer you
Asked By Constantine Dodge,Last Answer By juicy lee At 2011.05,1 Answers

I live in Suzhou Industrial Park eager to find a part-time Xietang your colleagues for this opportunity please contact me

How bad is it if you cashout your 401k when you leave a company?
Asked By Juillet,Last Answer By Eric D At 2009.12,1 Answers

I am under 30, I know it will be taxed and penalties will be deducted. I know it will also put me in a higher tax bracket next year (how much more taxes could I owe if any)

How long will it be before the government takes over our 401K's?
Asked By suthrnlytsâ„¢,Last Answer By RLP At 2010.05,1 Answers

Based on what I'm reading here, this is something that is very probable and quite alarming:

<a href="http://www.carolinajournal.com/articles/display_story.html?id=5081" rel="nofollow">http://www.carolinajournal.com/articles/…</a>

And there is this part as well:

Currently, 401(k) plans allow Americans to invest pretax money and their employers match up to a defined percentage, which not only increases workers’ retirement savings but also reduces their annual income tax. The balances are fully inheritable, subject to income tax, meaning workers pass on their wealth to their heirs, unlike Social Security. Even when they leave an employer and go to one that doesn’t offer a 401(k) or pension, workers can transfer their balances to a qualified IRA.

However, under the new plan, that would end. Should your spouse pass away, you would only inherit 1/2 of that 401K.

Do you feel it is fair and just for the government to take over your 401K?

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