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>The income has already been taxed Uhh... have you heard of capital gains tax? (And capital loss deductions).
by belltaco 5y ago
>The income has already been taxed
Uhh... have you heard of capital gains tax? (And capital loss deductions).
- the_optimist 5y agoThe income contributed to a Roth is post-tax. This is economically equivalent to a 401k. Equivalent.
- belltaco 5y agoSo? There are limits to Roth contributions(and 401Ks) which have been abused by finding loopholes, which the proposed law closes. The fact that it's post-tax has nothing to do with it. Something being post tax doesn't magically make it an untouchable investment. For example capital gains tax is applied to post-tax investments.