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masraum masraum is online now
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Join Date: Oct 2001
Location: Central TX west of Houston
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Quote:
Originally Posted by gtc View Post
Is there really any threat of them changing the laws to tax income from a Roth IRA? I can see how people could be convinced to tolerate high taxes, but being taxed twice would literally have people up in arms, I think.
If I understand what was being said, I think he was talking about a radical change, like doing away with income tax and making a federal sales tax. If that happened, they could say "yes, you can withdraw all of your IRA and we won't tax it." But then when you go to the store to spend the money, they won't know or care where it came from, and they WILL tax it. At that point, depending upon which IRA it was, it would either be taxed once or twice.

But, maybe I didn't get what he was saying.
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Old 01-19-2011, 03:44 PM
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