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Welcome to SportTrac.Org
Off Topic Discussion
Is Pelosi a Marxist
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<blockquote data-quote="Todd Cloutier" data-source="post: 842148" data-attributes="member: 53897"><p>Thank you Rich.</p><p></p><p></p><p></p><p>Folks, please do some basic fact checking when you see these types of rumors in our email or on the boards. This particular one is over two years old. There's way too much misinformation flowing around on the internet.</p><p></p><p></p><p></p><p>A little common sens should tell you that no politician that wants to be re-elected will attempt to levy an additional tax on retirement accounts. Besides, while the average American's retirement account may represent a large fraction of their savings, the very wealthy only have a very small fraction of their money in retirement accounts because of limitations on contributions. The laws that set up tax-deferred retirement limit contributions to prevent the wealthy from sheltering their money. Thus, they do pay a windfall tax on their investment gains; it's called the capital gains tax.</p></blockquote><p></p>
[QUOTE="Todd Cloutier, post: 842148, member: 53897"] Thank you Rich. Folks, please do some basic fact checking when you see these types of rumors in our email or on the boards. This particular one is over two years old. There's way too much misinformation flowing around on the internet. A little common sens should tell you that no politician that wants to be re-elected will attempt to levy an additional tax on retirement accounts. Besides, while the average American's retirement account may represent a large fraction of their savings, the very wealthy only have a very small fraction of their money in retirement accounts because of limitations on contributions. The laws that set up tax-deferred retirement limit contributions to prevent the wealthy from sheltering their money. Thus, they do pay a windfall tax on their investment gains; it's called the capital gains tax. [/QUOTE]
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Off Topic Discussion
Is Pelosi a Marxist
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