401Ks are just another tax subsidy to Wall Street

By tovarichpeter   follow   Thu, 29 Nov 2012, 8:23am PST   ↑ Like   ↓ Dislike   220 views   0 comments   Watch (0)   Share   Quote  


With a combined $10 trillion sitting in IRAs and 401(k) plans, retirement accounts make a juicy target. Some of this money has never been taxed, and under current law never will be. To maintain this savings incentive the government spends $100 billion a year in the form of tax breaks to those who stash money in these kinds of accounts.

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