Talk of The Villages Florida - View Single Post - Say Good-Bye to 401K and IRA
Thread: Say Good-Bye to 401K and IRA
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Old 03-19-2024, 06:59 PM
jimjamuser jimjamuser is offline
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Originally Posted by kkingston57 View Post
How can government spend it? They are in private broker, insurance and bank accounts. People need to wise up. These are basically tax deferrals and a lot of the savers are paying more in taxes since they now make more than when they were working,
Theoretically, a person that makes a lot of money pays more taxes (income taxes). I have always said that I want to pay as much taxes as possible. That just means that you are successful. The government (both state and federal) NEED MONEY. Individuals DEPEND on government to provide an army and police and etc. How they COLLECT taxes is completely arbitrary. They make up rules and then they can change the COLLECTION rules. But, as an individual, you can't repel a Russian invasion by yourself!