Thank you for your work in alerting us to this Mr. Roper.
Is this law yet? Does Governor Scott have to sign it? And if he vetoes it, will they override?
Is this even constitutional? The legislature can tax us all they want. But can they force us to invest our money according to their rules? Doesn't "government-run individual Roth IRA retirement savings account" mean taxable income is used, therefore yet another percentage of our paycheck is immediately taxed, by the State and the IRS.
What are the investment options for these accounts?
What about obvious exceptions? For instance, I have a business, incorporated in VT, with one 70 year old employee... me. There is no long term benefit for me... my saving-for-retirement is done. What about green-card holders? What about out-of-staters working for a VT company? Oh wait... I guess the state (which department, I can only guess) will NEED TO EXPAND TO ADMINISTER all this. No worries though, as state employees, they're exempt from this, yet another inane directive from the NANNY state.
Thank you for your work in alerting us to this Mr. Roper.
Is this law yet? Does Governor Scott have to sign it? And if he vetoes it, will they override?
Is this even constitutional? The legislature can tax us all they want. But can they force us to invest our money according to their rules? Doesn't "government-run individual Roth IRA retirement savings account" mean taxable income is used, therefore yet another percentage of our paycheck is immediately taxed, by the State and the IRS.
What are the investment options for these accounts?
What about obvious exceptions? For instance, I have a business, incorporated in VT, with one 70 year old employee... me. There is no long term benefit for me... my saving-for-retirement is done. What about green-card holders? What about out-of-staters working for a VT company? Oh wait... I guess the state (which department, I can only guess) will NEED TO EXPAND TO ADMINISTER all this. No worries though, as state employees, they're exempt from this, yet another inane directive from the NANNY state.
Yes, it is law. The governor signed it. And you raise a lot of good points! Maybe I'll have to do another piece on this one...
F*ckers