Reply to Bill proposed to crack down on backdoor roth (and other loopholes)

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Ugh is killing the megabackdoor also back?[/quote]

Yes.  All backdoors proposed to close.  If you have reps, write them.[/quote]

Really? Even though I use a backdoor Roth, as someone with a HHI of $400K, I would be completely embarrassed to write a rep. It's just very poor taste for high income people to be writing a rep about something like this. I'd be more inclined to donate $6000 to charity than to write a rep. At a certain income level, you just put the $6000 in a brokerage account instead and be thankful you have it. Some of you people really are unbelievable.[/quote]

Good for you.  We are dual income with a HHI of <250K and do not feel embarrassed at all to express our anger at the broken campaign promise.  [/quote]

You are in the top 10% of income at least. You are not owed a backdoor Roth.[/quote]

I’m not owed anything.  But it will certainly impact whether I vote D next time given the promise not to raise taxes <400K, the unwillingness to deal with step up basis at death, and the continued focus on taxing wage earners to pay for all this stuff.  I note also the 400/450K aren’t indexed to inflation for 10 years, so they will slowly creep like the AMT and Obamacare net investment income taxes to hit more and more working people they weren’t intended to hit.  And with the rate of inflation they will hit quickly.[/quote]

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