and, they will want an immediate tax on existing.
Posted on: September 21, 2020 at 10:45:20 CT
RHAYWORTH MU
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Probably 20 to 30% of your 401K total, for social security.
In effect, punishing people who saved , did the right thing, to reward people who didn't bother saving a dime for their retirement.
All described in terms of "fairness", of course.