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that's a different issue. To the extent that they have funds and do investing, their ability to save for retirement will be hurt by raising taxes on investment
by vasilipupkin 9y ago
that's a different issue. To the extent that they have funds and do investing, their ability to save for retirement will be hurt by raising taxes on investment income.
- the_gastropod 9y agoRetirement accounts (401k, IRA, 403b, etc) are unaffected by taxes on investment income (capital gains, dividend payouts, etc.) Maxing out those retirement accounts (~$23.5k per person) is far more than most people save each year. So I don't think raising taxes on investment income would impact retirement much at all.
- vasilipupkin 9y agoretirement accounts are exhibit A in why it's good to tax investment income at a lower rate. they are basically investment income taxed at zero.