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Reply to "Should 401ks be phased out? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]401k should not transfer tax liability to a new state. It is deferred compensation and should be taxed in the state where it was earned, like CA does for RSU awards. 401k is for the MC/UMC, not the rich. [/quote] I feel this is fair, even though I have a place in a low tax zone! [/quote] and how would that work for someone like me? I’ve lived and earned money and contributed to my 401k in Virginia, Maryland, Illinois, Texas, California, Puerto Rico, and Alabama. [/quote]
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