Taxpayer asks:
Is this true? Post this on taxgirl.com with an answer please.
Windfall Tax on Retirement Income
Adding a tax to your retirement is simply another way of saying to the American people, you’re so darn stupid that we’re going to keep doing this until we drain every cent from you. That’s what the Speaker of the House is saying. Read below……………
Nancy Pelosi wants a Windfall Tax on Retirement Income. In other words tax what you have made by investing toward your retirement. This woman is a nut case! You aren’t going to believe this.
Madam speaker Nancy Pelosi wants to put a Windfall Tax on all stock market profits (including Retirement fund, 401K and Mutual Funds! Alas, it is true – all to help the 12 Million Illegal Immigrants and other unemployed Minorities! (Actually closer to 20+ million).
This woman is frightening.
She quotes…’ We need to work toward the goal of equalizing income, (Carl Marx 101), in our country and at the same time limiting the amount the rich can invest.’ ( I am not rich, are you)When asked how these new tax dollars would be spent, she replied:
‘We need to raise the standard of living of our poor, unemployed and minorities. For example, we have an estimated 12 million illegal immigrants in our country who need our help along with millions of unemployed minorities. Stock market windfall profits taxes could go a long way to guarantee these people the standard of living they would like to have as ‘Americans’.’ ;( Read that quote again and again and let it sink in. Lower your retirement, give it to others who have not worked as you have for it.Send it on to your friends. I just did!! This lady is out of her mind=
Taxgirl says:
This time of year – with elections coming up – my inbox is chock full of emails claiming one thing or another about various Senators, presidential candidates, gas company conspiracies and the like.
I tend to ignore most of them because, quite frankly, most of them are crap.
Like this one.
But since I was asked about this one, I did check it out.
For the record, Nancy Pelosi has not proposed any such tax (nor has any other member of Congress). The windfall profits tax that she has endorsed involved the oil companies. There is nothing pending in Congress, nor being kicked around in the media (other than in this chain email) that references any such tax on retirement.
The quotes attributed to Pelosi aren’t true at all.
The first version of this email was initially circulated as a tax on stock market profits in 2006 and the facts were allegedly supported by two NY Times reporters, Walt Bogdanich and Gretchen Morgenson. Bogdanich and Morgenson are reporters with the Times but the piece that allegedly references Pelosi doesn’t mentioned her in that article (and the quotes never appear in any article). It is false. So, of course, the same story was reworked a second time as a tax on retirement monies, which began circulating via email in March 2008 – only again, not true.
Factcheck.org (one of several sources I checked) refers to this email as a “fraud” and a “malicious fabrication.”
You can always find out what bills your Congressional officials author and support by checking the Library of Congress database – rather than rely on chain emails.
If you’re not so inclined to check the database, I would at the least, recommend that you check snopes.com for more information about these chain emails before sending them on. Your friends will thank you for it.
digg_url = ‘http://digg.com/politics/Pelosi_Proposed_Retirement_Windfall_Tax_Email_a_Hoax’;
Like any good lawyer, I need to add a disclaimer: Unfortunately, it is impossible to give comprehensive tax advice over the internet, no matter how well researched or written. Before relying on any information given on this site, contact a tax professional to discuss your particular situation.
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