{"id":13395,"date":"2012-04-23T21:53:27","date_gmt":"2012-04-24T01:53:27","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=13395"},"modified":"2012-04-23T21:53:51","modified_gmt":"2012-04-24T01:53:51","slug":"the-taxman-cometh-again","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=13395","title":{"rendered":"The Taxman Cometh (Again)"},"content":{"rendered":"<p><a href=\"http:\/\/news.investors.com\/article\/608868\/201204231915\/401ks-targeted-in-desperate-revenue-search.htm?p=full\">Investors.com<\/a>\u00a0posted an article about some of the ideas the government is considering in its search for increased revenue to close the <a class=\"zem_slink\" title=\"Government budget deficit\" href=\"http:\/\/en.wikipedia.org\/wiki\/Government_budget_deficit\" rel=\"wikipedia\" target=\"_blank\">budget deficit<\/a>. It seems that the government is eyeing our 401(k) accounts.<\/p>\n<p>The article states:<\/p>\n<p style=\"padding-left: 30px;\"><strong>Rather than the current $50,000, Congress is considering limiting employer-employee 401(k) contributions to 20% of an employee&#8217;s salary up to a ceiling of $20,000, an idea dubbed the &#8220;20\/20&#8221; plan. Even voters without 20\/20 vision will quickly see it as another promise broken by a political culture whose spending has reached the level of insanity.<\/strong><\/p>\n<p style=\"padding-left: 30px;\"><strong>The Post (the <a class=\"zem_slink\" title=\"New York Post\" href=\"http:\/\/www.nypost.com\/\" rel=\"homepage\" target=\"_blank\">New York Post<\/a>) also interviewed Urban-Brookings Tax Policy Center co-director William Gale, whose idea of replacing all <a class=\"zem_slink\" title=\"Tax deduction\" href=\"http:\/\/en.wikipedia.org\/wiki\/Tax_deduction\" rel=\"wikipedia\" target=\"_blank\">tax deductions<\/a> on 401(k)s and IRAs with an 18% credit sent straight into everyone&#8217;s retirement account is also being considered within Congress.<\/strong><\/p>\n<p>This news comes as it was reported today that <a class=\"zem_slink\" title=\"Social Security (United States)\" href=\"http:\/\/en.wikipedia.org\/wiki\/Social_Security_%28United_States%29\" rel=\"wikipedia\" target=\"_blank\">Social Security<\/a> and Medicare\u00a0will be out of money by 2033, three years earlier than last year&#8217;s estimate.<\/p>\n<p>How about simply cutting the spending, ending GSA boondoggles, and making the first family pay for their own vacations?<\/p>\n<div class=\"zemanta-pixie\" style=\"margin-top: 10px; height: 15px;\"><a class=\"zemanta-pixie-a\" title=\"Enhanced by Zemanta\" href=\"http:\/\/www.zemanta.com\/\"><img decoding=\"async\" class=\"zemanta-pixie-img\" style=\"float: right; border-style: none;\" src=\"http:\/\/img.zemanta.com\/zemified_e.png?x-id=44c3c5c5-8229-4623-8b21-a25f8264cdec\" alt=\"Enhanced by Zemanta\" \/><\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Investors.com\u00a0posted an article about some of the ideas the government is considering in its search for increased revenue to close the budget deficit. It seems that the government is eyeing our 401(k) accounts. The article states: Rather than the current &hellip; <a href=\"https:\/\/www.rightwinggranny.com\/?p=13395\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[2855,735,459,280,2856,2226,2857,285],"class_list":["post-13395","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-401k","tag-congress","tag-employment","tag-tax","tag-tax-deduction","tag-taxation","tag-taxman","tag-united-states"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/13395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13395"}],"version-history":[{"count":2,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/13395\/revisions"}],"predecessor-version":[{"id":13398,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/13395\/revisions\/13398"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}