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Jan 26, 2015
11:45
:49
am
jota
stupid point
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jota
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Jimmy Pete
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jota
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Messages
Author
Time
So if Obama gets his way and 529 plans become taxable, what's their benefit?
BYUCoug11
1/26/15 11:34am
kills the primary reason to open one
TonyStark
1/26/15 11:36am
I guess some states would still offer deductions for contributions
BYUCoug11
1/26/15 11:41am
Probably an indirect way to kill private funding for education...
bluecheese
1/26/15 11:37am
Poor people can't do it so no one should be able to do it. At least that is my
Singcat
1/26/15 11:49am
Other than funding community college, you mean?
Art Director
1/26/15 11:38am
It kills 529s, which hurts decent earners and conscious savers...people who
RugbyCoug
1/26/15 11:41am
thats what we need obama, make people who aren't saving anything, save less
johnnycarson
1/26/15 11:42am
His point is that those wealthy enough to use them are wealthy enough to pay mor
ToasterChive
1/26/15 11:42am
stupid point
jota
1/26/15 11:45am
None, after the initial 5% state tax credit for making the contributions (Utah)
frontrowcougar
1/26/15 11:49am
Well, I feel better about not opening one then since there's no deduction in CA
BYUCoug11
1/26/15 12:01pm
Heard a discussion about this on the radio yesterday, they're even worse if you
BYUFBDAD
1/26/15 11:53am
The fact that this is even being considered makes my blood boil and I don't
supertux
1/26/15 12:00pm
Just imagine if you're one of those contributing to a traditional IRA, assuming
cougarick
1/26/15 12:50pm
You mean Roth IRA. And I am one of those.
supertux
1/26/15 1:07pm
Do you have a link to this proposal? Was it in the SOTU?
Iman23
1/26/15 11:59am
It's been in the news since just before SOTU
BYUCoug11
1/26/15 12:00pm
2 more years...only 2 more years.
IGlowInTheDark
1/26/15 12:05pm
I also liked that the Obamas made huge contributions to their daughters' 529s
Big Wally D
1/26/15 12:19pm
He wants everyone to have to take government aide to go to school.
zonacougar
1/26/15 12:30pm
If more people are sucking from the government
frontrowcougar
1/26/15 1:28pm
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