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In reply to the discussion: Trump announces $1,000 government-funded accounts for American babies [View all]HeartsCanHope
(1,116 posts)31. Does tax deferred mean what I think it means? That like IRAs you have to pay tax when the money is withdrawn?
What's the difference between this and just putting this savings bonds? or a College Savings Account? Savings bonds and Savings Accounts are guaranteed, I wouldn't trust Trump! That's how we paid for our son's university degree, with Savings Bonds. He came out ahead-- with money left over. You can put up to $5000 in the Trump account yearly, but YOU put the money in, not Trump, is that right? Another way for him to grift? No thanks, DonOld!
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Trump announces $1,000 government-funded accounts for American babies [View all]
groundloop
Jun 9
OP
If anyone thinks this is a good thing, they have no business procreating. But..there will be those who think
Deuxcents
Jun 9
#4
The article says this was included in the current spending bill now in the Senate
muriel_volestrangler
Jun 10
#39
That's not much at all when you consider the cost of medical care from conception to birth.
patphil
Jun 9
#20
$1k?! What a fucking joke. That isn't NEARLY enough to justify bringing new life into a rapidly collapsing country
Karasu
Jun 9
#21
On the bright side, it is planned to end before 2029, so maybe he won't be a three-term dictator.
Doodley
Jun 10
#27
Does tax deferred mean what I think it means? That like IRAs you have to pay tax when the money is withdrawn?
HeartsCanHope
Jun 10
#31
Dolly Parton gives books to chidren. The Reps take them away. Any questions? Answers?
twodogsbarking
Jun 10
#45