Obama's 529 College Savings Plan Tax Hike Is An Assault On The American Dream

[SEE3772]

http://www.forbes.com/sites/ryanelli...merican-dream/

[I B Hankering]

[I]t went unmentioned in his speech, the White House also is proposing rolling back a vital tax break for college savings plans that directly impacts the middle class.

The proposal would change the tax treatment of so-called 529 plans, which allow college savings to grow tax-free. Under the change, Americans eventually would have to pay taxes on the earnings when they’re withdrawn.

The 529 plans mostly are used by upper-middle- and middle-class families -- low-income families typically don’t have thousands of dollars saved up for college, while very wealthy families are more likely to have trust funds in place for their children’s education.
http://www.foxnews.com/politics/2015...ege-tax-break/

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[Chaco20]

Another direct assault on the middle class by the dems. The dems are killing the middle class and the numbers prove it under Barrys admin. The rich have gotten much richer under Barry and the middle class has shrunk Basically due to the thousands and thousands of new regulations mostly by fiat. But then again dems never saw a tax hike they didn't like.

[JD Barleycorn]

I wonder how many people are going to wake up to the fact that they are now part of the 1% and they didn't even know it.

[Guest040616]

Originally Posted by JD Barleycorn

I wonder how many people are going to wake up to the fact that they are now part of the 1% and they didn't even know it.

More importantly, I wonder how many times the Idiot's "are going to wake up to the fact that they are now" Idiot Klan, errr Clan members "and they don't even know it."

[JD Barleycorn]

As usual Tampon you have nothing useful to say. An empty vessel makes the loudest noise.