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Iso
by AustinC. 05/21/24 05:01 PM
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Re: Why do you get taxed on savings?
[Re: Skinny]
#2768837
03/23/19 09:06 AM
03/23/19 09:06 AM
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Joined: Mar 2012
Posts: 2,464
Mississippi
riflenut
10 point
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10 point
Joined: Mar 2012
Posts: 2,464
Mississippi
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ROTH or even Traditional or even backdoor Roth there are still damn gubburment limits on after tax savings. That is the damn problem. I can save and invest only up to the prescribed limit before I get taxed again. That is the damn problem.
We should only be paying tax on earnings once. This is the thing that needs to be fixed. If folks want to see good growth, let the middle class save as much as possible without any kind of tax penalty. Correct. Problem is the politicians who created our progressive tax structure want to punish high earners and savers and most of the non-savers are good with that.
"The democracy will cease to exist when you take away from those who are willing to work and give to those who would not." Thomas Jefferson
"I ask, who are the militia? They consist of now of the whole people, except a few public officers." George Mason
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