Article Review - The Article “ Found $12 t rillion Uncle...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: The Article: “ Found: $12 t rillion; Uncle Sam may get a surprising pot of gold” makes interesting points about how taxes affect the bigger scheme of things by tying future tax responsibilities of individuals and businesses to the welfare of society, namely Social Security. I t can be inferred that businesses, individuals, and the government are all in a partnership to keep each other from stagnating, and that the venue for collection is taxation. The main proposal of the article is that Baby Boomers will be contributing a large sum of money when they pay taxes on pensions, IRAs and other tax-deferred accounts. These taxations were not accounted for in previous predictions, therefore they can be considered a windfall (McTague, 2003). By 2040, monies collected from pensions, IRAs and other tax-deferred accounts (up to 12 t rillion dollars) would surely ease all fears of social security pool drying up (McTagye, 2003). This previously unpredicted windfall would be a natural boost to the economy.This previously unpredicted windfall would be a natural boost to the economy....
View Full Document

Page1 / 2

Article Review - The Article “ Found $12 t rillion Uncle...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online