This is the first time I've seen this in a respectible publication--
that eventually the US will tax "tax free" accounts, even, as Jim
Jubak says, Roth IRAs!
Anybody else seen this in print? Not Usenet, but in a national
syndicated article.
RL
http://articles.moneycentral.msn.com/Investing/JubaksJournal/USDeepInDebtAndStillDigging.aspx?page=2
Jubak's Journal
4/15/2008 12:01 AM ET
Where's the biggest pool of money the government could tax? How about
401(k)s and individual retirement accounts. There's more than $4
trillion invested in IRAs alone.
Investors currently expect taxes on this money will be deferred (if
the money invested came from pretax income) or nonexistent (if the
money came from after-tax income). But what Congress put into law,
Congress can take away in a new law. Think the politicians will be
able to keep their hands off this pot of cash when the debt crunch
really hits, sometime after 2015? I wouldn't bet on it.
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