The retirement savings money is eventually taxed typically after 70.5.
Reader comment on: Untaxed Fortunes
Submitted by Lyle (United States), Dec 3, 2012 11:52
Note that retirement savings is actually a tax postponement not a forgiveness except for Roth style accounts. In addition you pay at the regular rate, negating any capital gains treatment on gains (except for the strange your company stock exemption if you take the stock out in kind). Actually there are a couple of things to get some revenue. 1 repeal the company stock capital gains issue. 2 require that retirement funds be distributed according to the founders required minimum distribution schedule, i.e. don't set the clock to a younger age if the IRA/401k is inherited. Are we so worried about the present that the future is not a concern?
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|On the foreign investors issue. [88 words]||Lyle||Dec 4, 2012 20:02|
|⇒ The retirement savings money is eventually taxed typically after 70.5. [110 words]||Lyle||Dec 3, 2012 11:52|
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