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Re: Why do you get taxed on savings?
[Re: Skinny]
#2768828
03/23/19 08:49 AM
03/23/19 08:49 AM
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Joined: Sep 2014
Posts: 3,126
KY
AUstan23
10 point
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10 point
Joined: Sep 2014
Posts: 3,126
KY
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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. That is not the goal though. The goal is to keep as little out of your pocket as possible. A slow march of taxes plus inflation that results in the pooling of wealth and a serf class.
It is easier to fool a man than to convince him he has been fooled.
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