When your money is not really yours - Cyprus

[gwb72tii]

f*** you obama and gang

in case you happen to get lucky, are smarter than your co-worker at investing, or happened to buy block of SBUX 10yrs ago

it's unfair to all of those who didn't

and now that obama has completely wrecked healthcare, spent us into oblivion, thinks the current deficit spending is not a problem, and continues to believe central government economic planning is best, WE HAVE TO PAY FOR IT

and BTW, this will never apply to me

Anyone still think the govt isn't scheming to confiscate your retirement savings?

http://thehill.com/blogs/on-the-money/domestic-taxes/292071-obama-budget-to-target-wealthy-iras

[Ryan Stewart]

it gets taxed when you pull the money out.

and i do feel that stock trading is undertaxed.

I dont. The money you use to buy the stock is already taxed, any income is made from taking a risk with already taxed income. Yeah it creates this "gap" when people starting making more off of their investments than they originally did from wages but the point is they did pay income tax.