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porums
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Obama -- tax free ?
[coughing]
He said he would cut down tax
He said he would cut down tax
What are you talking about? Is there some specific event you are referring to? What is your point? It's not clear at all.porums said:[coughing]
He said he would cut down tax
porums said:[coughing]
He said he would cut down tax
Astronuc said:Closing loopholes would be better. Apparently about two-thirds of corporations pay no corporate income tax, because they can use accounting tricks to write off expenses that are not really expenses. I'll have to dig up the article.
"Obama - tax free" refers to a proposal made by President Barack Obama in 2015 to eliminate taxes on certain investments for middle-class Americans.
The proposal aimed to provide tax relief for middle-class Americans by allowing them to invest in tax-free savings accounts, which would help them save for retirement and other expenses without being taxed on their earnings.
No, the proposal was not implemented. It was part of President Obama's 2016 budget plan, but it did not pass in Congress.
The main argument for the proposal was that it would provide much-needed tax relief for middle-class Americans and encourage them to save for the future. The main argument against it was that it would decrease government revenue and potentially widen income inequality.
Yes, there are similar policies in place currently, such as Roth IRAs and Health Savings Accounts, which allow individuals to invest in tax-free accounts for certain expenses. However, these policies have eligibility requirements and contribution limits.