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Reply to "Should 401ks be phased out? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Seems a growing movement. So many people don’t have one and the people who do a huge tax giveaway to rich. Look at all the New Yorkers retired to Florida who avoided SALT taxes for 40 years on 401k contributions now in Florida. If we could tax those trillions would solve a lot of problems [/quote] Why? It's going to be taxed anyways.. Better to get rid of all the loopholes like irrevocable trusts, South Dakota trusts, generation skipping trusts, etc and implement a wealth tax.[/quote] or maybe start taxing 50% of the population who pays ZERO. Even a few hundred dollars. Everyone should have skin in the game[/quote] That too! Why not?[/quote]
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