Taxes

At Least Your Private Pension Is Safe, Right?

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Future chairman of the Ways and Means Committee

Not if you live in Ireland.

The Irish government plans to institute a tax on private pensions to drive jobs growth, according to its jobs program strategy, delivered today. […]

The tax on private pensions will be 0.6%, and last for four years, according to the report.

Link via the Twitter feed of James Pethokoukis, who adds "Is this America in 5 years? […] Remember that some Ds want to kill 401k plans and funnel us into Social Security-plus plans. And the next step…"