************NEW IRS TAX SCAM!!!**********

Where does this theivery from the government stop?

My brother was doing his taxes last night with turbo tax online.
He came to a part that asked whether he'd taken money out of a Roth IRA or a 401K since 2005. He had withdrew $10K in '05 and had already paid the 40% tax penalty for the early withdrawal of his own money. He knew the terms before he withdrew, no problem (well he didn't like the terms but needed the money).
Anyway while doing the taxes last night he put in that he did have an early withdrawal from a 401K account in '05 and as soon as he imput the amount the amount of his refund automaticaly dropped by $200! Its another tax on that money! This is nothing more than criminal! This was just added this year and he and I and others are going to raise cain about it. This is nothing more than pure theft. How can this be legal?This is nothing more than changing the rules of the game after thegame has been played. After they steal the interest your money made by being in the account for 15 years, they then steal 40% of the money with a tax and then years later just decide they want more, so just take it? It just burns me up. I've got a feeling alot of people are going to be complaining because with peoples income being down in the last 6-7 years alot of people have done this to get money even though it was done as a very last resort! What a shame and a sham!

This is the very reason I was against personal retirement accounts. I think it would be a good thing but I know the government would eventually find a way to get their hands on it, and they sure did!
FREAKING SCUMBAGS!


THE GOVERNMENT IS NOTHING MORE THAN CROOKS!!!!!!!