26 replies to this topic

[buckshot]

Both myself and wife have IRA's, and we must take out a specified amount of money each year that has never been taxed. As of this coming year I must take out about 30 G that I will have to pay income tax on. Why not redo the IRS rules that would force the very wealthy to take out more money depending on their net worth and amount of money in their IRA. Or even better yet, have all IRA holders remove their untaxed money at a higher rate. Any comments???

Edited by buckshot, 03 February 2012 - 09:12 AM.

[Buddy Kidd]

What was the stated purpose of the law which authorized IRAs Buck?

[buckshot]

Buddy Kidd, on 03 February 2012 - 09:35 AM, said:

What was the stated purpose of the law which authorized IRAs Buck?

Just a savings plan, but I think "some" of that money could be put to good use to rebuild America. I would gladly participate.

[Buddy Kidd]

You really do not know the history of it do you?

[buckshot]

I sure do, do you?

http://www.cbo.gov/O...ide/Page_2A.htm

[Jim Miller]

buckshot, on 03 February 2012 - 10:06 AM, said:

I would gladly participate.

Is there any reason why you don't send your check in, Buck?

Edited by Jim Miller, 03 February 2012 - 07:27 PM.

[wing]

You said "just a savings plan." If you meant that then you do not have the slightest idea what an IRA is all about. Period.
.
SMH...

[Buddy Kidd]

buckshot, on 03 February 2012 - 06:16 PM, said:

I sure do, do you?

http://www.cbo.gov/O...ide/Page_2A.htm

I know that it was much more than "just a savings plan".

[Psycmeistr]

To "Force" the super rich to take out more....

Why not just put on your green bowling shirt and cap and go out in the town square for your collective's exercises, as you sing the praises of Dear Leader, Buck-

You're just about there.

[Ghostman]

...maybe if we had a bake sale

[buckshot]

Ghostman, on 05 February 2012 - 05:37 AM, said:

...maybe if we had a bake sale

Great idea...

[Buddy Kidd]

Much better than another tax for you liberal/socialists to waste on paying off unions for votes.

[Richard]

How can you tax anything to rebuild America, much less the wealthy? The premise of the original post is oxymoronic.

Regards,
Richard

[wing]

[Jim Miller]

buckshot, on 03 February 2012 - 10:06 AM, said:

Buddy Kidd, on 03 February 2012 - 09:35 AM, said:

What was the stated purpose of the law which authorized IRAs Buck?

Just a savings plan, but I think "some" of that money could be put to good use to rebuild America. I would gladly participate.

Just wondering if Buck sent his check in.

[buckshot]

Taxes have allowed our country to survive and thrive since the writing of the constitution. Now it seems as though we can rebuild our country without them. The question now is, who, and what, should be taxed.. Any suggestion's from you tax experts.

[Buddy Kidd]

Buck, tell me something which is not taxed.

[buckshot]

Loop holes for big business and the very wealthy..

http://www.nytimes.c...?pagewanted=all

[Jim Miller]

Jim Miller, on 10 February 2012 - 07:39 AM, said:

buckshot, on 03 February 2012 - 10:06 AM, said:

Buddy Kidd, on 03 February 2012 - 09:35 AM, said:

What was the stated purpose of the law which authorized IRAs Buck?

Just a savings plan, but I think "some" of that money could be put to good use to rebuild America. I would gladly participate.

Just wondering if Buck sent his check in.

Yo, Bucky?

[Center Punch]

Someone is sounding like the child/woman who keeps spending more than the hubby earns and browbeats him to go get more money instead of cutting back on spending...