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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Wait I thought backdoor Roths were safe? They are eliminated now?[/quote]

Gone if BBB as drafted passes, unless the Senate acts to remove the change.  They had the change to close them  in, then they removed it, but then they added closing the back doors back in as a PAY FOR when they added in the SALT giveaways.[/quote]

It’s not pay for for SALT.  SALT actually is a revenue increase under the bill because under current law the $10k cap goes away after 2025.  [/quote]

The fact that you can say this with a straight face..[/quote]

Yeah, the NJ/NY representatives are fighting so hard to push through something that will increase taxes on their constituents in the long term.   :roll:    They know as soon as Rs take over again, the Rs would continue the TCJA cuts (that the SALT cap was used as a payfor).  They are pushing through SALT now to give their very high income constituents a few years of SALT breaks, else they'd get none.

The backdoor roth closure is in a line item that raises $10B over 10 years.  Paid for by working people, yes, some of them just as high income, but others who are earning as little as $150K or so.  We were promised no tax increases under 400K.  And we weren't told that that 400K wasn't going to be indexed for inflation until 2029 in a period of rampant inflation.[/quote]

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