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1-what are we to do about people not saving for the future? The huge majority COULD save something, and the sooner they start the less it

Posted by: forlorne on Apr 17, 13:37 in response to islndr's post "only 32% of Americans are saving for retirement in...

takes. If you're going to say people can't afford to save anything, I challenge you to find me someone I can't find with discretionary spending.

Besides 401Ks, there are: 

  • 403(b)
  • traditional pensions
  • annuities of various types
  • Solo 401(k) 
  • SEP IRA
  • Simple IRA
  • IRA
  • Roth IRA
  • Health savings account
  • under the mattress or buried in a Mason jar

"Face It: You (Probably) Got a Tax Cut". The Tax Policy Center estimates 65% of people paid less under the law, 6% paid more, 29%-no change PhoneHome Apr 15, 06:20

just finished taxes. total owed between fed and state: $586 OUCH {nm} islndr Apr 15, 07:01

between that and the miniscule extra i got weekly, it was a wash {nm} islndr Apr 15, 07:02

Had to pay for the first time in many many years ($3000)...ouch {nm} YouDontKnow Apr 15, 09:01

Ouch indeed. Something's not set up right. Be sure to adjust the amount being withheld from your check to avoid a repeat this year. {nm} PhoneHome Apr 15, 09:47

what's the expression?...moving furniture around? {nm} tealfan Apr 15, 09:56

"Rearranging the deck chairs on the Titanic." {nm} DTravel Apr 15, 12:58

that sweet $1.50 a week professor zovek Apr 15, 13:45

I paid less but I had to go to an accountant to figure out where to deduct my work expenses and I moved to a state Moviesnob Apr 15, 13:54

Sounds like Texas, Florida, or Nevada. {nm} PhoneHome Apr 15, 20:02

stars at night... {nm} Moviesnob Apr 15, 20:25

So you were in the 29% break even and not in the majority. Sucks to be you. {nm} PhoneHome Apr 15, 20:01

on average, Jamie Dimon and I are saving a couple billion a year between the two of us. score! {nm} professor zovek Apr 15, 22:41

44% pay no federal income taxes at all {nm} forlorne Apr 16, 07:36

Because they don't earn enough money. RogerMore Apr 16, 11:03

I get it, I wasn't making any point about "mooching", just that if you don't pay any taxes, you can't get a lower forlorne Apr 16, 14:02

How do you feel about the largest corporations in the USA not paying any tax at all? Zip. Zero. Zilch. {nm} BSmurf Apr 16, 17:17

Corporations do not pay tax, it is just another hidden tax on whoever uses their products. Passed on as a cost of doing business. {nm} forlorne Apr 17, 06:19

Exactly! If their tax goes up, their price goes up. Then you pay the tax. When their tax goes down, your 401k goes up, economy benefits. {nm} PhoneHome Apr 17, 08:44

record corportate profits and multimillion dollar ceos, yet cant pay a liveable wage. and you know most americans dont have a 401k islndr Apr 17, 09:12

Wages are based on supply and demand. If there is a line of people that can and want to do what you do, wages forlorne Apr 17, 12:09

False information. Corporations do pay "living wages" and most working Americans do have 401k's or other retirement plans. {nm} PhoneHome Apr 17, 12:57

"only 32% of Americans are saving for retirement in a 401(k)" (and that includes miniscule amounts too) islndr Apr 17, 13:24

1-what are we to do about people not saving for the future? The huge majority COULD save something, and the sooner they start the less it forlorne Apr 17, 13:37

People on low incomes do save, but they save for problems like emergency medical care, or car repair, or money to get them through when they RogerMore Apr 17, 16:57

Only 21% have no retirement savings. Your sources must be the propaganda rags. PhoneHome Apr 17, 20:39

It gets passed on, but not necessarily to consumers. No one actually knows for sure where the burden of corporate tax falls in practice. RogerMore Apr 17, 09:07

Not on CEO salaries. corporate taxes are yet another scam to convince people someone else is paying. {nm} forlorne Apr 17, 12:10

Nah, there are a bunch of good reasons for corporate taxes, you're just choosing to ignore them. {nm} RogerMore Apr 17, 17:07

Examples? {nm} forlorne Apr 18, 07:02

"If there weren't, every individual who could would corporatise themselves for tax minimization purposes." RogerMore Apr 18, 09:35





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