It's good to be king. Obama is looking for every way he can find to change the code we have now so the government takes more and you keep less.

Obama wants to start taxing 529 college savings withdrawals, but only after exempting his own

By Dan Calabrese —— Bio and Archives--January 23, 2015

American Politics, News | Comments | Back To Full Article

One of the less talked-about proposals President Obama offered this week was to take away the tax-exempt status of 529 college savings plans. These very popular plans allow parents to defer income - before it's taxed - into savings accounts to then be withdrawn, also tax-free, to use for qualified college expenses.

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