No. of Recommendations: 0
The two proposals which you outline for means testing and expanding the tax to an unlimited amount would in effect penalize those who pay the most into the system. This would either eliminate the benefits for those fools who have earned and saved their money and invested wisely for their retirement, or make the tax an unlimited punishment to those
who have tied their earning power to their wages or labor.

I am absolutely against this. We must be fair to those few (less than 5 percent of taxpayers) on whom the rest of society depends for leadership, entreprenuership and the savings that funds the wonders of capitalism. You must know that you are addressing those people when you
write to fooldom. It is not Warren Buffet who you are after. You are out to punish the successful for a paltry benefit to the hoards of people who give little thought to tomorrow.

This is a soak the rich attitude which I find abhorent.


Leroy Bolt

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.