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Message
re: Emergency Fund
Posted on 2/25/10 at 9:56 am to LSURussian
Posted on 2/25/10 at 9:56 am to LSURussian
quote:
I can also foresee withdrawals from Roth IRA's being fully taxable (on their earnings) for higher income taxpayers (ditto) by the time someone in his 20's starts taking money out in 40 years.
That will be the day that I sell the farm and show myself the way out the door.
1
Posted on 2/25/10 at 9:59 am to TheHiddenFlask
quote:It will be done using the "put a live frog in a pot and gradually turn up the heat" method, IMO. At first, only those taxpayers who earn, say $1,000,000+ will have to pay taxes on Roth earnings.
That will be the day that I sell the farm and show myself the way out the door.
Then, $500,000+....and so on. Once the precedent is set, the water just keeps getting hotter and then it's too late.
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