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A HERETIC I AM

(24,876 posts)

354. CAN I HAVE YOUR ATTENTION, PLEASE? YOU! YES, YOU IN THE BACK...CAN YOU HEAR ME? GOOD.

Reply to Joe the Revelator (Original post)

Thu May 21, 2015, 04:47 PM

May 2015

OK....1ST OF ALL...Joe...calm down, OK? This will NOT affect your 401(k) or 529 plans IN THE LEAST, alright?

YOU will not be affected by this tax because...ready? it is a tax on TRADES and trades do not occur with Mutual Funds, in spite of what the many market mavens and internet financial professionals above have told you. THEY'RE WRONG, full stop.

And I'll bet a days pay that what you have in your 401(k) is Mutual Funds, including any Money Market funds because they are also - READY? Mutual Funds.

Mutual Funds DO NOT TRADE ON AN EXCHANGE, therefore this tax will not apply to your rebalancing. It will not apply to any new purchases or any redemptions.

Notice I did not use the word "sales" because in fact, you do not "sell" MUTUAL FUNDS. They are redeemed by the issuing Mutual Fund Company. There is no trade. You do indeed "buy" them, but you can only buy a specific Mutual Fund share from its specific issuer and each new share of a Mutual Fund is in effect and brand new security. That is why you get a Prospectus each time you buy. You know what those are. Those are the little booklets most people never read with the name of the fund company on it and the word "Prospectus" that you either throw out or put in a drawer somewhere to throw out when you move. (Sorry for the tone there. Got carried away!)

Don't sweat it, pal. You'll be fine.

For more information on Mutual Funds, you can look at this thread I put up in the Personal Finance and Investing Group a while back;
http://www.democraticunderground.com/1121392

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Bernie lost me with the Robin Hood Tax [View all] Joe the Revelator May 2015 OP

I thought I heard him say safeinOhio May 2015 #1

High volume trading would include.... Joe the Revelator May 2015 #2

The top .01% AgingAmerican May 2015 #108

Then why doesn't he offer the offset? Joe the Revelator May 2015 #133

I am in the same boat you are AgingAmerican May 2015 #150

Not much is about me. I lost my healthcare benifits already, and did it with a smile... Joe the Revelator May 2015 #177

oh now wait a minute, are you blaming the ACA for that? CreekDog May 2015 #202

I blame my company for that, but you could see it coming a mile away. I could added my voice Joe the Revelator May 2015 #204

Wait, how did the Affordable Care Act cause your company to drop its insurance? CreekDog May 2015 #221

Yeah, it's becoming kinda clear now AgingAmerican May 2015 #223

What is becoming clear? Joe the Revelator May 2015 #226

Your agenda AgingAmerican May 2015 #251

This is what gives me a headache with DU...anyone who doesn't tow a candidates line and points out Joe the Revelator May 2015 #252

Bullshit! TM99 May 2015 #254

What final details???? Until you accept that this is a NEW bill, that does not offer a carve out, Joe the Revelator May 2015 #255

Wait ... what? ... 1StrongBlackMan May 2015 #290

I see what you did there! TM99 May 2015 #292

It has to do with right wing economic policies AgingAmerican May 2015 #260

It's regardless. Elmer S. E. Dump May 2015 #349

Good catch... AgingAmerican May 2015 #350

That was the nicest response to a grammar policeman I've ever seen! Good job! Elmer S. E. Dump May 2015 #352

That you possibly got your last name wrong? cui bono May 2015 #388

Who's thin ice am I on? Joe the Revelator May 2015 #225

many companies dropped their insurance before the ACA was ever passed CreekDog May 2015 #228

No, in fact, if you READ what i posted above, before just jumping in, I clearly blamed my company Joe the Revelator May 2015 #232

No, the rate of increases slowed because of ACA CreekDog May 2015 #259

I call bullshit. delrem May 2015 #262

Actually, in some cases the premiums might be unaffordable to some. That is why the still_one May 2015 #304

And that explains why he "lost his healthcare benefits" because of the ACA? delrem May 2015 #341

It is puzzling, since I saw another thread which indicated this only affects hedge funds and still_one May 2015 #347

Yup yup, me too. Hillary lost me at "hello". InAbLuEsTaTe May 2015 #297

I would not worry to much about it yeoman6987 May 2015 #161

The point is, I got on board thinking that he would be protecting the middle class... Joe the Revelator May 2015 #179

BullshiT AgingAmerican May 2015 #263

Would this tax affect the middle class? Joe the Revelator May 2015 #303

Yes, positively AgingAmerican May 2015 #309

You didn't answer the question Joe the Revelator May 2015 #312

This would be a progressive tax passiveporcupine May 2015 #351

It would have a positive effect on taxpayers AgingAmerican May 2015 #390

Yes and... Chan790 May 2015 #335

I smell another 'Bernie supporter' if you know what I mean... cui bono May 2015 #389

That is because AgingAmerican May 2015 #391

0.5%- Usuary! Gregorian May 2015 #3

For accounts that are suppose to be tax free? Joe the Revelator May 2015 #6

Your 401K is not "tax free"...it is tax deferred Human101948 May 2015 #279

It's pennies on the thousands of dollars. InAbLuEsTaTe May 2015 #296

You "lose" much more money in your 401K to the games the big financial corps play newthinking Oct 2015 #393

For your information: Bonobo May 2015 #4

We can quibble on what amount of tax is too much... Joe the Revelator May 2015 #11

So a small attempt to correct gross economic injustice is a non-starter? Bonobo May 2015 #17

+1 daleanime May 2015 #32

As i said, he did have me, but again, I may not have understood him as well as I thought he did. Joe the Revelator May 2015 #40

Do you still believe that your 401K would be taxed? nt Bonobo May 2015 #45

Yes, according to the bill, it will be Joe the Revelator May 2015 #73

Your 401K is a money market then, I suppose. Bonobo May 2015 #78

Unless a retirement fund is a pile of money under a mattress, it will get taxed geek tragedy May 2015 #196

Including long-term savings accounts and bonds? nt Bonobo May 2015 #198

Savings account is effectively money under the mattress. geek tragedy May 2015 #199

Oh so you didn't actually mean what you said. Bonobo May 2015 #201

lol AgingAmerican May 2015 #264

Exempt retirement funds and health savings accounts and this is a good bill. nt geek tragedy May 2015 #287

I agree. And, 529 College Savings accounts, of course. n/t leveymg May 2015 #301

Wrong. A HERETIC I AM May 2015 #356

So, what do you pay in management fees, expenses or (God forbid) loads? hatrack May 2015 #84

I pay .3 percent. The average is probably 1.0. Joe the Revelator May 2015 #102

yeah, this complain is a non-starter. nashville_brook May 2015 #101

Why would anyone ever trade a stock Nye Bevan May 2015 #16

Because unlike a stock, derivatives have no intrinsic value... Human101948 May 2015 #281

Good I say PowerToThePeople May 2015 #343

That's my understanding deutsey May 2015 #71

I think the .005% on derivatives is weirdly low, too. Warren DeMontague May 2015 #269

I would make it a 5.0% fee on derivatives NT 1939 May 2015 #284

"Sanders' bill sets a 50-cent tax on every $100 of stock trades on stock sales" NYC_SKP May 2015 #5

That means that everytime a 401k or a 529 or an eft account was rebalanced you lose 50 cents on Joe the Revelator May 2015 #8

You'll get it all back and more safeinOhio May 2015 #13

Some of us aren't going to have kids. Agschmid May 2015 #18

What if your kids don't want to go to college? (nt) Nye Bevan May 2015 #19

You'll get a return investment on your neighbor's kid'a education. morningfog May 2015 #42

You'll get new tech, advances in living longer, living better, etc, from the kids who go to school. Erich Bloodaxe BSN May 2015 #283

What about those without kids under 22? nt geek tragedy May 2015 #36

You get an educated population more concerned with Ilsa May 2015 #67

I oppose taking money away from janitors' retirement accounts and giving it geek tragedy May 2015 #146

Nice that you still believe F4lconF16 May 2015 #208

They have city pensions. which would be affected as well. Joe the Revelator May 2015 #233

So throw the baby out with the bath water. Ilsa May 2015 #272

Change it and then I'd support the bill. geek tragedy May 2015 #286

It's not trickle-down when we have downturns like 2008. Ilsa May 2015 #316

There's a tax credit for an individual with a modified adjusted gross income under $50k muriel_volestrangler May 2015 #345

thanks for posting this n/t passiveporcupine May 2015 #353

that exempts lower income retirees from paying the tax if they directly sell stocks in their geek tragedy May 2015 #384

It's a small tax for an ongoing fund muriel_volestrangler May 2015 #386

Except that all/most proceeds to retirees geek tragedy May 2015 #387

It's only paid once per transaction, by the broker muriel_volestrangler May 2015 #392

...cause janitors are the 1%. L0oniX May 2015 #383

You get an educated society who have the good sense to vote valerief May 2015 #70

I believe that you're mistaken. NYC_SKP May 2015 #222

Whats the source on that? I believe that is talking about the Haskin FTT bill.... Joe the Revelator May 2015 #224

http://www.sanders.senate.gov NYC_SKP May 2015 #231

Right. The offset here is the cost of the college tuition. There is no offset for retirement funds, Joe the Revelator May 2015 #234

That is absolutely outrageous from Sanders LittleBlue May 2015 #82

+1 Joe the Revelator May 2015 #104

Hey... padfun May 2015 #138

Not when you lose. Never heard of these tournament rules or anyone who did a slot tournament LittleBlue May 2015 #156

Then she better quit gambling. Because the house is adding a cost to buy in to each hand. Erich Bloodaxe BSN May 2015 #282

She needs to stop day-trading. Chan790 May 2015 #336

What you're looking for is a capital gains tax... Joe the Revelator May 2015 #167

Wait a minute. kenfrequed May 2015 #205

Funds that trade in EFT need to be rebalanced quite often, which requires a trade. Joe the Revelator May 2015 #235

it is a tax on trades kenfrequed May 2015 #291

Additionally, kenfrequed May 2015 #299

Then why not an income threshold? Middle class people aren't institutions or other market-makers LittleBlue May 2015 #257

Regressive? kenfrequed May 2015 #293

Even writing covered calls could be considered day trading to supplement income still_one May 2015 #305

Your friend generates 42 million in trades a year? dannward May 2015 #313

I'm not opposed to the tax for education. It's been proposed before. Hoyt May 2015 #7

I am not opposed to a tax either, just who the tax is going to affect. Joe the Revelator May 2015 #9

It's a small amount. Truthfully, if you have kids who might go to college you'll come out ahead. Hoyt May 2015 #22

minimum income seems reasonable questionseverything May 2015 #134

If a Third Way Dem gets into office and you end up making less DJ13 May 2015 #10

Other things can be taxed....mainly capital gains. Joe the Revelator May 2015 #14

Let me guess - you don';t have any capital gains to be taxed? Scootaloo May 2015 #76

No, who feels a % tax more? Joe the Revelator May 2015 #86

I see no reason to not tax both. Scootaloo May 2015 #140

If having 3 dollars taken out of a tax deferred retirement account.... Joe the Revelator May 2015 #172

Read this... Agschmid May 2015 #12

Whoa, hold on there buddy! TM99 May 2015 #15

Thats true for the Wall Street Trading and Speculators Tax Act but.. Joe the Revelator May 2015 #27

No. TM99 May 2015 #39

From the bill....it includes no off set Joe the Revelator May 2015 #52

I just covered this in another post. TM99 May 2015 #57

Which post 58 refuted. Joe the Revelator May 2015 #69

And post 68 by me TM99 May 2015 #74

woohooo questionseverything May 2015 #145

See post 132. Joe the Revelator May 2015 #171

How would this not apply to purchases and sales of stock by public employee pension funds? nt geek tragedy May 2015 #29

Some information on this -- TM99 May 2015 #43

This doesn't have the 401k carve-out that DeFazio/Harkin had. geek tragedy May 2015 #49

Yes, all variations of the Robin Hood Tax TM99 May 2015 #54

Yes: the actual text of the bill. geek tragedy May 2015 #58

Now read the rest of the bill. TM99 May 2015 #68

What section exempts ERISA funds? geek tragedy May 2015 #77

What are you talking about? TM99 May 2015 #96

Yes, I know ERISA is a law. geek tragedy May 2015 #116

I already linked to the exemptions. TM99 May 2015 #119

No, you linked to websites. You haven't identified the language in the legislation that exempts geek tragedy May 2015 #126

Read the previous bills. TM99 May 2015 #129

I read the new bill. Obviously you haven't. nt geek tragedy May 2015 #131

This. Is. A. New. Bill. Joe the Revelator May 2015 #132

They've been on board so long as it doesn't apply to worker pensions and retirement geek tragedy May 2015 #55

You're making this argument much more eloquently than i am Joe the Revelator May 2015 #87

But not purchases or sales of Mutual Funds. A HERETIC I AM May 2015 #357

But mutual funds do purchase and sell securities. geek tragedy May 2015 #359

Yes they do, but as a holder of MF shares, YOU DO NOT. A HERETIC I AM May 2015 #363

the bill would have to be amended. geek tragedy May 2015 #366

Congratulations on being part of the 1%!!! bunnies May 2015 #20

This would be a tax on every public employee retirement fund. geek tragedy May 2015 #23

retired workers would not KT2000 May 2015 #35

This would tax every share of stock purchased or sold by an employee retirement fund geek tragedy May 2015 #44

Wall St is a gamble. bunnies May 2015 #46

Huh? nt Joe the Revelator May 2015 #30

Click on the link. Its not hard. nt bunnies May 2015 #31

It is since it makes no sense Joe the Revelator May 2015 #75

Please provide a link to the basis of your argument. bunnies May 2015 #89

This is a conversation starter--it would never become law--unions would kill it geek tragedy May 2015 #21

The unions would kill it? You may be mistaking who runs Washington. Cheese Sandwich May 2015 #187

We'll see how CalPERS and NYCTRS react. geek tragedy May 2015 #191

The money raised by the new tax would be more than the cost of college tuitition. Cheese Sandwich May 2015 #213

Capital gains?? But I'm middle class, too! kcr May 2015 #24

Is the jibe here that I'm not part of the middle class because I have a small 401k and my kid has.. Joe the Revelator May 2015 #34

No... kcr May 2015 #38

Does this tax affect the retirement accounts of the middle class? Joe the Revelator May 2015 #120

For one thing, yes, I'm pretty sure you have your facts wrong. kcr May 2015 #178

You realize that Bernie Sanders himself refers to it as 'The Robin Hood Tax' right? Joe the Revelator May 2015 #180

Wow. Is Bernie trashing himself and claiming it will punish the middle class? kcr May 2015 #181

No, the bill does that for him. Joe the Revelator May 2015 #183

According to you n/t kcr May 2015 #185

According to anyone who thinks taxing the middle classes retirement funds is a dumb idea.... Joe the Revelator May 2015 #186

If a politician had to worry about every half baked ridiculous opinion kcr May 2015 #189

I don't know if that's true. Joe the Revelator May 2015 #190

Aw. He lost your support. kcr May 2015 #194

You do understand that this is not how you win elections....lose the middle class and who is going Joe the Revelator May 2015 #215

Take such advice from an ex loyal Bernie supporter such as yourself? kcr May 2015 #220

I'm breaking ranks and you don't like it. Nothing off with that... Joe the Revelator May 2015 #229

No, you don't have to explain an opinion, but when you do and your facts don't add up kcr May 2015 #238

Here's the problem. My facts DO add up. Read the damn bill. Joe the Revelator May 2015 #242

I read the damn bill kcr May 2015 #247

THAT wasn't your argument. Your argument was that my fact RE: 401k's being taxed was wrong. It's not Joe the Revelator May 2015 #249

You're wrong. A HERETIC I AM May 2015 #355

Where did you hear that a 401K would be taxed, Joe? nt Bonobo May 2015 #41

From the bill. It includes no offset for 401ks, public pensions or 529s Joe the Revelator May 2015 #72

Go for a stable value fund or have your money in a savings account then. nt Bonobo May 2015 #83

Or, don't be a guy who taxes retirement funds. Joe the Revelator May 2015 #88

Your retirement funds are already taxed. nt Bonobo May 2015 #92

With a deferred tax, I could rephrase and say.... Joe the Revelator May 2015 #94

Why not? The money that comes from your investment involves no effort. Bonobo May 2015 #103

The same reason I wouldn't support any other tax that goes after the middle class. Joe the Revelator May 2015 #109

Yup, you are making it clear that your needs are more important than others, I guess. Bonobo May 2015 #121

Brother, I'm helping out. Joe the Revelator May 2015 #137

You acknowledge that tax rates change frequently through history, right? Bonobo May 2015 #141

Sure. So are we now saying that as a democrat, I am suppose to support tax increases.... Joe the Revelator May 2015 #154

Not at all. Bonobo May 2015 #160

'The truth is that money accrued from investments should be taxed at a higher rate than they current Joe the Revelator May 2015 #165

Read the exemptions. TM99 May 2015 #128

What language covers them? Joe the Revelator May 2015 #136

Have not read details, elleng May 2015 #25

They are...it would be small, but still, there are better ways to go about this. Joe the Revelator May 2015 #37

Robin Hood Taxed The RICH... To Give To the Poor... You Telling Me You're RICH ??? WillyT May 2015 #26

No, I'm telling you this is a bad move on Sanders part. Joe the Revelator May 2015 #61

How ??? WillyT May 2015 #65

Because instead of going after the so called 'fat cats', he's going against anyone who is in the Joe the Revelator May 2015 #79

Link ??? WillyT May 2015 #85

Read the bill? Joe the Revelator May 2015 #93

I'd LOVE To See It... Link ??? WillyT May 2015 #98

Link to the full text of the bill Joe the Revelator May 2015 #110

The link is up thread. TM99 May 2015 #117

Not everyone who disagrees with you is a shill...point out where there is a retirement fund offset Joe the Revelator May 2015 #118

For fuck's sake. TM99 May 2015 #123

You have discussed, at great length, the orginal FTT. Joe the Revelator May 2015 #130

You wont get a link and I wont either. bunnies May 2015 #100

Who are "they"? Stop seeing boogymen in the shadows. Look at my damn post history... Joe the Revelator May 2015 #114

Also here is the link to the full text of the bill Joe the Revelator May 2015 #115

He knows it won't pass MaggieD May 2015 #91

It Once Was... The Only Way The Rich Could Shelter Their Asserts Was By Tax Shelters... WillyT May 2015 #124

The truly rich won't pay taxes MaggieD May 2015 #135

This. Joe the Revelator May 2015 #139

Theodore Roosevelt, Franklin Delanor Roosevelt... Are You Kiddding Me ??? WillyT May 2015 #144

Off topic...that shrugging smilie is evilly passive aggressive. Joe the Revelator May 2015 #163

"Taxes" has become such a dirty word since that fucker Reagan deutsey May 2015 #64

Thats for sure lancer78 May 2015 #113

Lol, something tells me you have more money than you're letting on. Nt Logical May 2015 #28

Or, more likely, as Steinbeck put it, he's one of the "temporarily embarrassed millionaires" Electric Monk May 2015 #50

Completely off topic, but that is a great line Joe the Revelator May 2015 #81

I wish. Joe the Revelator May 2015 #63

robin hood tax? niyad May 2015 #33

401k's are designed to maximise profits for the traders, not provide security. Half-Century Man May 2015 #47

If true, why get boned more? Boning the already boned isn't very fair to begin with. nt Joe the Revelator May 2015 #53

You have a very interesting standard for "getting boned." Scootaloo May 2015 #147

Read the post I was replying to for context. Joe the Revelator May 2015 #158

My 401k is up over 15% in the last 12 months Travis_0004 May 2015 #379

�Pobrecito! LeftyMom May 2015 #48

Everybody has the option to invest. Its not a magical unicorn... Joe the Revelator May 2015 #59

The poor don't have anything to spare. That's what "poor" means, genius. LeftyMom May 2015 #62

I don't think that word means what you think it does. Joe the Revelator May 2015 #66

Don't take it to hard, it's becoming painfully clear giftedgirl77 May 2015 #142

Thank you. :) Joe the Revelator May 2015 #162

Robin Hood tax? Frank Luntz would love that word n/t AZ Progressive May 2015 #51

Sanders has embraced it Joe the Revelator May 2015 #60

You don't understand abelenkpe May 2015 #56

Same here on the panderish move MaggieD May 2015 #80

Yeah, stop "pandering" to the 99%!!! Bonobo May 2015 #90

So all of us with a 401k or college fund.... MaggieD May 2015 #95

This DOES NOT impact your 401k or college fund. TM99 May 2015 #105

I do not see the exemption for retirement funds that you keep alluding to. Joe the Revelator May 2015 #122

I didn't say that. Bonobo May 2015 #107

The robin hood tax would benefit someone with absolutely no savings, but it would most certainly... Joe the Revelator May 2015 #125

So I can earn 1% in my savings account Travis_0004 May 2015 #337

The idea that a tax on ANYONE who has ANY money in the stock market constitutes the 1%... Joe the Revelator May 2015 #97

Your sentence makes no sense. Bonobo May 2015 #111

Sorry, I'm trying to respond to everyone Joe the Revelator May 2015 #143

I know what you meant I guess and my honest answer should be Bonobo May 2015 #151

There are other routes to take. Joe the Revelator May 2015 #157

Everyone with a 401k or college fund.... MaggieD May 2015 #99

Nice, but I didn't say that. nt Bonobo May 2015 #112

But you certainly implied it... Joe the Revelator May 2015 #148

Please see my new above comment. nt Bonobo May 2015 #153

Bernie never "had' you though. What are you even talking about? Scootaloo May 2015 #152

What are you talking about? Joe the Revelator May 2015 #168

+1, it would've been better to put the tax on cap gains vs trades because of the number of trades... uponit7771 May 2015 #192

This would destroy many businesses LittleBlue May 2015 #106

'businesses' that depend on trading with fine margins are useless muriel_volestrangler May 2015 #270

That's actually the point. 'Volume trading' is just a way to screw the little people Erich Bloodaxe BSN May 2015 #285

If you make the amount of money this tax would affect, onecaliberal May 2015 #127

It affects every trade and affects retirement accounts. Joe the Revelator May 2015 #149

No it doesn't. There are links here that explain. onecaliberal May 2015 #164

It does not my friend. By all means though, if your reading comprehension is better than mine.. Joe the Revelator May 2015 #166

I was not aware that was in the proposal bluestateguy May 2015 #155

The original FTT has exceptions (by way of tax off sets) for 529s, 401ks, public pensions Joe the Revelator May 2015 #169

Any per transaction tax is likely to be quite tiny Warpy May 2015 #159

It will most certainly affect the middle class and anyone else who has a retirement fund that is on Joe the Revelator May 2015 #170

Pension funds engage in high volume trading. geek tragedy May 2015 #174

Do you mean HFT? ozone_man May 2015 #175

Yeah, it's late and I had a hard day Warpy May 2015 #236

If you are wealthy enough to be impacted by this tax, you can afford it. Maedhros May 2015 #173

This purity test bullshit is so stupid. If wanting to protect every dollar of a retirment account... Joe the Revelator May 2015 #176

As someone who has semi-significant money in investments SheilaT May 2015 #182

I respect your stance, I just don't agree with it. I am for no new taxes on the middle class Joe the Revelator May 2015 #184

"Read my lips. No new taxes!" Bonobo May 2015 #193

The amount is genuinely trivial. SheilaT May 2015 #245

Again, I disagree Joe the Revelator May 2015 #248

Hold your stocks an average of 5 years, and you'll be paying 0.1% of the 401k value a year muriel_volestrangler May 2015 #271

Not if you're in some EFT's with good decay uponit7771 May 2015 #188

(sniff) Ah, the rank odor of personal greed.... mike_c May 2015 #195

And it sad to see some still buying it and pitifully clinging to the scraps. kcr May 2015 #197

And this is why he is pandering, a very unattractive look on him... Joe the Revelator May 2015 #206

It is you who wishes to be pandered to. kcr May 2015 #209

You going to pay for his retirement? BainsBane May 2015 #211

You seem to have trouble reading what people post. kcr May 2015 #212

You go right on insulting everyone who has to worry about how to put food on the table BainsBane May 2015 #218

Or I can keep doing what I'm actually doing. Dismiss bullshit. kcr May 2015 #219

You keep doing what you're doing which is jumping on a high horse and putting your hands... Joe the Revelator May 2015 #237

Yeah. So, money from investments shouldn't be taxed to fund education. kcr May 2015 #241

Money from retirement accounts should not be taxed per trade. Joe the Revelator May 2015 #243

I knew what i was in for with a 401k when i started paying in for it. Joe the Revelator May 2015 #214

It is every bit part of the deal. How is funding college not part of the deal? kcr May 2015 #217

There IS a tax on 401ks. You can join the circle jerk about a 2 year old bill that has NOTHING to do Joe the Revelator May 2015 #227

Further upthread you were advocating taxing capital gains instead kcr May 2015 #230

Because capital gains are already taxed on 401k.Plus, any sane politician would make a minimum Joe the Revelator May 2015 #240

There are "sane" politicians. You can vote for them if you want. kcr May 2015 #244

No, the other problem I have is that there are NO inspiring candidates this time around. Joe the Revelator May 2015 #246

Sanders isn't going to be the candidate in the general. kcr May 2015 #250

The people who are trying to raise families, and make it through until retirement should not be give Joe the Revelator May 2015 #253

You got it nadinbrzezinski May 2015 #200

That's a rather despicable accusation to make against every American with a retirement geek tragedy May 2015 #203

I've said it before and I'll say it again BainsBane May 2015 #210

no, it's a reasonable observation about every American who doesn't want to help... mike_c May 2015 #307

I don't have a retirement account. But I don't want those accounts taxed geek tragedy May 2015 #308

the middle class and retirees are not going to "carry the burden...." mike_c May 2015 #310

And what are people whose employers don't offer geek tragedy May 2015 #311

There is a lot of economic self interest involved in discussions of politics BainsBane May 2015 #207

Boo hoo! And you, of all people, one of Bernie's most loyal supporters! RufusTFirefly May 2015 #216

Circle the wagons man. You're right, I'm but one man, and I have but one vote. Joe the Revelator May 2015 #239

Methinks he was part of the Billionaires for Bernie faction here at DU - nt KingCharlemagne May 2015 #280

You've said aspirant May 2015 #256

"if Bernie was truly in your heart" okasha May 2015 #338

"If Bernie was truly in your heart" hrmjustin May 2015 #342

Bullshit madokie May 2015 #258

I find it hard to believe that you were ever a Bernie Sanders supporter. delrem May 2015 #261

if this tax occurred within a Scandinavian safety net w/o decimated middle class, yes zazen May 2015 #265

Consider My Good Babushka May 2015 #266

Astroturf Outrage Katashi_itto May 2015 #267

Really? Bobbie Jo May 2015 #275

I notice it seems to draw support from supporters of a specific different candidate. Erich Bloodaxe BSN May 2015 #288

You know who else proposed a 0.5% transaction tax on shares? Larry Summers muriel_volestrangler May 2015 #268

I agree with you... Sancho May 2015 #273

Have to admit, this is right up there.... daleanime May 2015 #274

Wow, long thread OKNancy May 2015 #276

+1 Buzz Clik May 2015 #277

WTF are you talking about? This OP smells like total bullshit. - nt KingCharlemagne May 2015 #278

If after taking the time to read through a 200+ post thread, in which I responded to everyone Joe the Revelator May 2015 #302

I've got this bridge in the middle of West Texas ... TBF May 2015 #289

Can't make everyone happy n2doc May 2015 #294

No new taxes on the middle class Joe the Revelator May 2015 #320

On what planet is this a "tax on the middle class". DanTex May 2015 #322

It's completely regressive, like any flat tax would be. nt Joe the Revelator May 2015 #329

Huh? No it's not. It hits wealthier people much more than middle-class people. DanTex May 2015 #334

Simple enough even for a Bush to articulate! n/t n2doc May 2015 #323

So, if it turns out this doesn't apply to retirement accounts ... dawg May 2015 #295

What's a retirement fund? panader0 May 2015 #298

Mama Mia! n/t QC May 2015 #300

I also do not agree with Bernir on his proposal that drug patient laws should be still_one May 2015 #306

Look closer. kentuck May 2015 #314

This could help your 401K. drm604 May 2015 #315

Investment is not speculating. Stop trying to keep the casino rolling. TheKentuckian May 2015 #317

A financial transaction tax won't noticeably affect your 401k. DanTex May 2015 #318

401k's and the like need to be rebalanced regularly Joe the Revelator May 2015 #319

Rebalancing only involves trading a tiny fraction of the assets. DanTex May 2015 #321

It could cost me 5 nickels, i still think a new tax that affects retirement accounts of the... Joe the Revelator May 2015 #325

If it costs you 5 nickels, then it won't make the slightest difference to you. DanTex May 2015 #327

Yes. I am. That is where I draw the line. Joe the Revelator May 2015 #328

OK. Then you're being irrational. You're basically admitting as much. DanTex May 2015 #333

Wrong. A HERETIC I AM May 2015 #360

No, I'm not wrong, and my terminology is not incorrect. DanTex May 2015 #362

The post you responded to mentioned rebalancing a 401(k) A HERETIC I AM May 2015 #368

Umm, well, if the 401k contains ETFs, then it is relevant (which seems to be the case here). DanTex May 2015 #369

Fair enough. A HERETIC I AM May 2015 #372

Another thing to keep in mind. DanTex May 2015 #324

Right, we went over this last night, the difference in this bill and the FTT from the past.... Joe the Revelator May 2015 #326

I wasn't here last night. I also wasn't aware that the text of this bill is available yet. DanTex May 2015 #331

Wrong. A HERETIC I AM May 2015 #358

This is astroturf nonsense. True Blue Door May 2015 #330

No, I am not astroturf, and FAR from being a farmer Joe the Revelator May 2015 #339

LOL good one. nt okaawhatever May 2015 #346

Nice to notice nobody fell for the OP's myth on the RHT. Rex May 2015 #364

He didn't lose me. lovemydog May 2015 #332

Fair enough. Joe the Revelator May 2015 #340

let investments become investments again PowerToThePeople May 2015 #344

Joe, how many trades do you make in a year? JDPriestly May 2015 #348

Pundits... Rex May 2015 #367

CAN I HAVE YOUR ATTENTION, PLEASE? YOU! YES, YOU IN THE BACK...CAN YOU HEAR ME? GOOD. A HERETIC I AM May 2015 #354

The lesson here is, don't listen to all-caps financial advice given on the internet... DanTex May 2015 #365

And a larger lesson is .... A HERETIC I AM May 2015 #370

Make that 351+ responses of blatantly incorrect information. DanTex May 2015 #373

I'm sure you mean well, but let me help you a bit; A HERETIC I AM May 2015 #376

In other words, you were wrong, and an FTT will in fact affect mutual funds. DanTex May 2015 #377

Again, terminology is important. A HERETIC I AM May 2015 #378

That's a good point. For example these words: DanTex May 2015 #380

Oh, one other thing, Dan... A HERETIC I AM May 2015 #374

HE voted for the RHT? Wow, that puts him one more notch up on my respect meter. Rex May 2015 #361

Support for RHT puts him solidly in my voting field. JEB May 2015 #371

So, Joe, has it occurred to you yet that your "someone is wrong on the internet" cartoon might be Electric Monk May 2015 #375

LMFAOROTFLOL L0oniX May 2015 #381

Apparently not, actually... Joe the Revelator May 2015 #385

If you think .50 from $100 is bad wait until you try an ATM ...and parking meters WTF! L0oniX May 2015 #382