Originally Posted by
CBreezy
If there is anything both left and right within the population agree on is that Roth should be tax free. Any side that proposes it will be political suicide.
Side note: they may still try to eliminate the Roth conversion of high income individuals and restrict options within the Roth that are really only available to people like Peter Thiel.
Agree in principle but not in practice. They will have a carve out and sell it as only taxing the rich. Only 35% of US households have any type of IRA(traditional or Roth) So, you can "buy" more votes by "taxing the rich" than you will lose from the "rich" that get their ox gored by the rule change. If the .gov needs money, there is a finite number of ways to get it. You can tax corp and/or cut off subsidies and/or eliminate the tax loss carry forward....but those businesses will just pass it on to the consumer. Inflation is the #1 concern of Americans...you think that will help? They have already changed the rules on Roth IRA distributions.....why do you think they will balk at changing the rules combined with a means test? What ever they do, you will prolly get caught up in the machinations.