Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Biden tax proposals - MFJ"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Ehh, if he raises taxes for over $400k, I’ll just put the excess in my deferred comp plan and take it out at lower rates during early retirement.[/quote] He's proposed capping deductions at 28% across the board, including deferred comp plans/db plans, and even charitable deductions. It's an incredibly progressive proposal. My guess is it will pass but charitable deductions may not have a cap.[/quote] Link? I’ve seen the proposal to bring back the pease limitation, but nonqualified deferred comp plans were never subject to that (and also are not a above or below the line deduction).[/quote] If they capped defined contributions plans (i.e. 401ks) at 28% but allowed defined benefit plans (i.e. traditional pensions) to continue on as is, it would create an enormous imbalance with potentially severe unintended consequences. Not to mention it's regressive and would look horrible from a messaging standpoint. So while anything is possible, I wouldn't hold my breath. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics