"Seems the Aussies have decided that that tax free retirement savings withdrawal setup (a Roth IRA like scheme) that was promised to responsible people who chose to save for retirement is now subject to a 15% tax.
Just like your Roth IRA here ins the US is promised to be tax free when you withdraw it after retirement, The Aussies retirement was supposed to free of taxes.
But the current government has changed their mind. And there is nothing anyone can do about it.
The "Bank of Simmons looks more and more attractive. Why save or do anything when the government can choose to renege on it's promises? When they can decide to steal tax you money at whim?"
With people already removing their money from various retirement accounts just to pay thier bills, I bet soon we will hear from the lips of Teleprompter Messiah, "We need those people to pay 'their share' to the rest of us"
Any bets?
No comments:
Post a Comment
Please moderate yourself and your language. No posting of links to businesses, if you have a business you wish to advertise send me an e-mail. Please do not hide links in a comment. Post any links in full.
If you do not have a full user profile, your comment may be reported as spam. Particularly if you post a link to a commercial site.
中國詞不評論，冒抹除的風險。僅英語
It doesn't take much to fill your profile and put in a picture.
Thank you for reading my blog.