You're correct Lyle

Reader comment on: Why John Bogle Is Wrong on Taxes
in response to reader comment: Tax deferred accounts

Submitted by Dan Calabria (United States), Feb 28, 2012 12:57

Except you can bet the tax will be assessed on the payee, in this case the fund, with the remainder paid to the account/plan holder in the form of automatic reinvestment of distributions, which is required under these plans.

It's the only way to generate the revenue they're after, and that's the game plan.

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