Author Topic: New 401K Tax On All - Unrealized Capital Gains  (Read 637 times)

Offline JohnyMac

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New 401K Tax On All - Unrealized Capital Gains
« on: October 25, 2021, 09:56:41 AM »
One of the tenants of The Great Reset is, "you will own nothing and you will like it". Most people scoff at that thought however, even Janet Yellen, former Chair to The Federal Reserve and current Secretary of the Treasury is an advocate for taxing your unrealized capital gains on your retirement plan like a 401K.

Currently, you pay taxes on your retirement plan like a 401K, when you dip into your account. Yellen along with the World Economic Forum and President O' Biden's Build, Back, Better plan is to eliminate that bit of monetary independence most American's have.

Yellen proposes, as Secretary of the Treasury if your retirement investment goes up, you will pay tax on that when it happens not when you cash in your retirement plan (s). Also, if your retirement plan goes down you do not receive a refund from the taxes you paid. 

https://www.youtube.com/watch?v=_fDLqm6SLJE

In this $2 to $3.5T Infrastructure/Reconciliation Bill there is a part that adds 75,000 IRS agents to make sure everybody pay's their "fair share".

Also part of this Bill is yearly reporting of $10,000- in money movement through your bank account. Heck, if you had a $1,000- monthly mortgage payment, it would be reported to the new big ass IRS. Isn't this in violation to the 4th Amendment to the Bill of Rights?

Quote
"The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized."

The question today is why isn't the MSM reporting on this. Rhetorical question hence no question mark.

Sen Manchin or Sen. Sinema be damned. The Infrastructure Bill MUST NOT PASS!
« Last Edit: October 25, 2021, 11:31:03 AM by JohnyMac »
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Offline grizz

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Re: New 401K Tax On All - Unrealized Capital Gains
« Reply #1 on: October 25, 2021, 08:11:43 PM »
 :pissed:
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