There is no way to know if a plan will work unless a test plan is established and the plan is executed and indexed measurements of reasonableness are established. If the plan meats the reasonability index, it is more likely that it will succeeded, however absolute certainty is never guaranteed 100%. Based on my personal knowledge and business experience, I believe Obama's plan will be more successful then the current plan. However, I would need to do small plan trials before I could determine how successful it will be based, on the testing scenarios I use. Even the best plans, after being tested and proved, may still not work. Communism is the safest plan and most likely to work successfully based on many years of economic data and test scenarios. Unfortunately, it does not work successfully due to the human element.
disappointment
Hand slaps
he wants to lower government spendins and also lower tax funds
0 the health care plan is terrible...
a new tax plan.
He plans on increasing taxes on the higher class citizens.They really need to start contributing anyway. The higher class in pay citizens already pay over 90% of the tax bill, while 49% pay none at all.
usually the tax office will work with you on a payment plan
No. The money payments to a annuity plan when you purchase the annuity plan the amount that you pay for the plan is not tax deferred. The amount is after income tax funds. The earnings that go on inside of the annuity plan will be tax deferred until the time that you start taking distributions from the annuity plan.
It is very easy to get a copy. The bill is online in its entirety, and I will post the link for you.
A good tax consequence of a 401k retirement plan is that you can literally save money as the funds that are ususally tax-free. If you withdraw from your 401k plan, there is usually a large penalty.
A 529 plan lets you set aside money for your child's education either with a financial institution or a specific school. These plans have significant tax benefits.
The tax benefits of a Section 529 plan include tax-free growth of investments, tax-free withdrawals for qualified education expenses, and potential state tax deductions for contributions.