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17 sats \ 3 replies \ @SwapMarket 11h \ parent \ on: The US taxes younger workers and gives their money to wealthier retirees charts_and_numbers
We know it's a ponzi in every country now. Self investment in plans like 401k and IRA is a way to go.
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0 sats \ 2 replies \ @Scoresby OP 11h
I often wonder about the likelihood of shotgun taxation for 401ks and IRAs. What exactly stops the gov't from deciding they are going to tax the gains on those funds when people try to pull them out? They seem to have no problem changing the age at which you can begin to withdraw without a penalty...
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0 sats \ 1 reply \ @SwapMarket 11h
But they do tax the payouts, except Roth IRA. Pay-ins are pre-tax (except Roth). Age yes, they do change that. And marginal tax rates in the future can be higher than today.
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0 sats \ 0 replies \ @Scoresby OP 11h
right, i was thinking of Roths.
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