Tax Freeway News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Notice of a new addition to the tax code, section 401(k) offered workers a tax-freeway to defer compensation from bonuses and stock options. when a benefits consultant suggested companies extend those benefits to retirement savings accounts, the idea took off. as originally conceived, these new 401(k) retirement plans were meant to complement worker pensions. but then companies looking for an easy way to save a buck, started shifting their workers into 401(k)s and away from pensions. for workers, 401(k)s have moved the onus of planning for retirement from professional pension managers to the w...

Something nefarious going on. lois lerner is a lifetime federal employee. she's not a political employee. -- >> i believe achairman issa called you a liar. >> he called me one, too, and i won't respond to that, except to say he's wrong. it's convenient. this is an election year politics. it's convenient to have a demon that they can create and point to. let me tell you something basic about this. people who want to give money to elections and do so in a tax-freeway have to submit themselves to the scrutiny of the irs to be sure that they're complying with the rules that limit political activit...

She's not a political employee. >> i believe chairman issa called you a liar. maybe -- >> he called me one, too, and i won't respond to that, except to say he's wrong. it's convenient. this is an election year politics. it's convenient to have a demon that they can create and point to. let me tell you something basic about this. people who want to give money to elections and do so in a tax-freeway have to submit themselves to the scrutiny of the irs to be sure that they're complying with the rules that limit political activity. if the irs is not looking at political activity in the c4 applicat...