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Ocelot II

(121,523 posts)
4. Nothing is getting confiscated.
Thu May 9, 2024, 07:12 AM
May 2024

The discussion is about whether the tax advantages of these plans should be repealed.

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3 members have recommended this reply (displayed in chronological order):

Where do you see anything in the article about confiscation? Scrivener7 May 2024 #1
They use the word eliminated, sounds like the same thing doc03 May 2024 #3
Eliminate tax breaks is different than taking your money. 3Hotdogs May 2024 #7
It sounded to me TheFarseer May 2024 #13
If they eliminate the tax advantage it would be the same as eliminating doc03 May 2024 #14
But that is still not the same as "confiscating." 3Hotdogs May 2024 #18
Not the same thing at all. They're not going to confiscate your accounts. Scrivener7 May 2024 #16
This has been touted as an option for some time. I doubt that it'll happen, but what I do think will happen is that SWBTATTReg May 2024 #2
Nothing is getting confiscated. Ocelot II May 2024 #4
Second paragraph. They propose (abolishing) tax sheltered plans like 401K doc03 May 2024 #6
Abolishing isn't confiscating. Ocelot II May 2024 #9
It doesn't say abolishing the (tax benefit) it says abolishing (tax sheltered plans) like doc03 May 2024 #11
You're really fighting hard to see a disaster that simply isn't there. Scrivener7 May 2024 #17
Hollow out people and give tax break to corporations bucolic_frolic May 2024 #5
There were many of my fellow workers that would not put money in a 401k doc03 May 2024 #8
SS is actually paid into by those that collect it later... Think. Again. May 2024 #10
I have been on SS for 14 years, I skimped and doc03 May 2024 #12
Could your headline be more misleading and alarmist? 58Sunliner May 2024 #15
As many have pointed out... no confiscation. Furthermore... Happy Hoosier May 2024 #19
Latest Discussions»Culture Forums»Personal Finance and Investing»Watch out some economists...»Reply #4