Quote:
Originally Posted by KTP
OK everyone, I wasn't SUGGESTING that we tax Roth IRA accounts  |
OH! You lucky. I was about to go off like a rabid Picard Trekkie at someone who is suggesting that Kirk was the better Captain.
Quote:
In my other thread everyone seemed OK with the 5.4% additional tax levy proposal on people making more than 500k a year because it didn't have any negative effect on them. When I made this thread about the Roth IRA, you guys could relate to that, and have overwhelmingly said "No WAY!".
Are you starting to see my point in the other thread???
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Ok, I see what you did there.
I just want to clarify this first: I've always been a proponent of some kind of consumption tax rather than income tax. Don't tax someone if they really are worth $500k a year to a corporation. Rather, tax him for wanting to buy a bigger yacht than his fellow vice-presidents.
Here's the thing too. The Roth has already been taxed as income. To tax the account yet again is double dipping. To me, this isn't a fair comparison with a straight tax hike.